April 12 meeting
KEY ACTION Voted unanimously to hire
Ira Hamman as the district s new treasurer. Hamman s first day will be May 17.
DISCUSSION Hamman most recently worked as treasurer at Fremont City Schools. He replaces Molly Koch, who left in February.
Hamman did not appear at the meeting, though he is expected to be at the next one, along with interim Treasurer Christine Angerer.
Hamman s contract runs through July 31, 2024, board President Linda Fenn said.
Board member Bernadette Rohr thanked Fenn and Superintendent Todd Osborn for their work on the search. It was intense, Fenn acknowledged.
The board hired the Summit Educational Service Center to conduct the treasurer search. Ten people had applied for the position, which the ESC narrowed to seven, then down to three for board members to interview. Interviews took place April 1.
Chippewa BOE in interview for treasurer; meet the three candidates the-daily-record.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from the-daily-record.com Daily Mail and Mail on Sunday newspapers.
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One of the most annoying parts of being an ERISA attorney is dealing with surrender charges for clients who want to escape an insurance provider before the contract is up.
The administrator of the D.L. Markham, DDS, MSD, INC. 401(k) Plan has filed a lawsuit against the Variable Annuity Life Insurance Co. (VALIC) is being sued by D.L. Markham, DDS, MSD, INC. over fees he says were improperly withheld from plan assets in a class action lawsuit.
In 2018, VALIC was hired by the plan sponsor to maintain the plan on VALIC’s retirement platform by entering into an agreement with VALIC whereby it would provide administration, individual services and investment products.
VALIC Sued Over Surrender Fees Charged to 401(k) Plan
The lawsuit says VALIC engaged in a prohibited transaction, as well as self-dealing, in violation of ERISA when surrender fees were charged during the transfer of assets to a new provider.
Reported by
The administrator of the D.L. Markham, DDS, MSD, INC. 401(k) Plan has filed a lawsuit against the Variable Annuity Life Insurance Co. (VALIC) over fees he says were improperly withheld from plan assets.
“Fundamentally, this class action seeks to right defendants’ wrongs of targeting and exploiting unsophisticated small employers seeking to provide benefits to their employees,” the complaint states.