| Federal Tipoffs Involving Minnesota Newsletter for Thursday July 25, 2024 ( 1 items ) |
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Labor Dept.: Court Orders Minnesota IT Company to Restore $29K in Employee Retirement Plan Contributions, Bars Employer From Operating Plan
WASHINGTON, July 25 -- The U.S. Department of Labor Employee Benefits Security Administration issued the following news brief on July 24, 2024:
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Date of Action: July 19, 2024
Type of Action: Default judgment
Company/Owners: Virtual Matrix Corp.
Suman Thotakura
Virtual Matrix 401(k) Profit Sharing Plan
Resolution: A default judgment entered by the U.S. District Court of Minnesota on July 19, 2024, orders Virtual Matrix Corp. and Suman Thotakura to restore $24,847 in employees' volunt
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