Waite Park Company Ordered to Restore Retirement Contributions

Waite Park Company Ordered to Restore Retirement Contributions

Thinkstock

UNDATED (WJON News) -- The owner of a Waite Park company has been ordered to pay more than $9,000 into the IRA plans of employees after allegedly failing to put their contributions into their plans or failing to remit the contributions in a timely manner.

The U.S. Department of Labor has secured a default judgment from the U.S. District Court of Minnesota against Dierkes Heating and Air, Inc.

The Labor Department says it requires the plan's custodian to take $9,259 from Todd Dierkes' individual account to restore the plan's losses and permanently prevents Dierkes or the company from serving as fiduciaries or service providers to any Employee Retirement Income Security Act-covered (ERISA) plan.

A spokesman for the Employee Benefits Security Administration says "Tthe court's action restores salary contributions that participants in the Dierkes Heating & Air SIMPLE IRA plan believed were contributed to their retirement accounts and earning interest to prepare for their future".

LOOK: See the Most Famous Musician Born the Same Year As You

Stacker identified musicians born in every year from 1920 to 2003 and determined the most famous born the same year as you.

Gallery Credit: Stacker

LOOK: The most expensive weather and climate disasters in recent decades

Stacker ranked the most expensive climate disasters by the billions since 1980 by the total cost of all damages, adjusted for inflation, based on 2021 data from the National Oceanic and Atmospheric Administration (NOAA). The list starts with Hurricane Sally, which caused $7.3 billion in damages in 2020, and ends with a devastating 2005 hurricane that caused $170 billion in damage and killed at least 1,833 people. Keep reading to discover the 50 of the most expensive climate disasters in recent decades in the U.S.

Gallery Credit: KATELYN LEBOFF

READ ON: See the States Where People Live the Longest

Stacker used data from the 2020 County Health Rankings to rank every state's average life expectancy from lowest to highest. The 2020 County Health Rankings values were calculated using mortality counts from the 2016-2018 National Center for Health Statistics. The U.S. Census 2019 American Community Survey and America's Health Rankings Senior Report 2019 data were also used to provide demographics on the senior population of each state and the state's rank on senior health care, respectively.

Read on to learn the average life expectancy in each state.

Gallery Credit: Hannah Lang

Categories: Local News