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Violation Tracker Individual Record

Company: Aspirus Inc.
Penalty: $1,500,000
Year: 2023
Date: May 2, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Aspirus agreed to pay $1.5 million to settle litigation alleging it mismanaged the company 401(k) plan.
Level of Government: federal
Action Type: private litigation
Court: Western District of Michigan
Civil or Criminal Case: civil
Case ID: 2:21-cv-00077
Case Name: Traczyk v. Aspirus, Inc. et al
Private Lawsuit Resolution Type: settlement
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.