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Violation Tracker Individual Record

Company: Alticor Inc.
Current Parent Company: Alticor
Penalty: $1,510,000
Year: 2024
Date: December 2, 2024
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Alticor agreed to payover $1 million to settle litigation alleging it mismanaged an employee 401(k) plan.
Level of Government: federal
Action Type: private litigation
Court: Western District of Michigan
Civil or Criminal Case: civil
Case ID: 1:20-cv-01078
Case Name: Garcia et al v. Alticor, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: direct sales
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.