US Labor Department sues Wisconsin-based Coin Builders LLC and president to recover more than $1.3 million for company’s profit-sharing plan
WISCONSIN RAPIDS, Wis. — The U.S. Department of Labor has sued Coin Builders LLC of Wisconsin Rapids and its president, Joseph Kreeger, to restore more than $1.3 million plus interest to the company's profit-sharing plan. The case resulted from an investigation by the department's Employee Benefits Security Administration into alleged violations of the Employee Retirement Income Security Act. "The Labor Department is committed to ensuring workers can keep what they earn. And we will hold companies and their executives accountable when they ignore their responsibilities as fiduciaries and put workers' hard-earned retirement income at risk," said Secretary of Labor Hilda L. Solis.