Chesterton Tribune

US Labor Department sues Portage businessman

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The U.S. Department of Labor (DOL) has filed a complaint in federal court against the owner of a former Portage business.

According to a statement released on Thursday, DOL alleges that Michael D. Roetker, the fiduciary to Edge Office Solutions, failed to remit $8,489.48 in employee contributions to the company’s IRA plan between June 11, 2007, and Nov. 12, 2008.

Roetker also failed to remit a further $5,508.33 in employee contribution to the retirement plan during a different period of time, DOL alleges.

The complaint—filed in the U.S. District Court for the Northern District of Indiana in Hammond—seeks repayment of all plan losses, including interest, “resulting from fiduciary breaches,” DOL said.

DOL also seeks “to remove and permanently enjoin Roetker from serving or acting as a fiduciary or service provider with respect to the current plan or any other employee benefit plan subject to the Employment Retirement Income Security Act.”

 

Posted 4/27/2012