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Former St. Charles Nissan dealership owner must restore more than $13K in worker retirement contributions

A consent order and judgement was entered Monday in Federal Court so that $13,772 be will be withdrawn from the personal retirement account of former owner of Nissan of St. Charles, Fred Vargason, to make up the money missing from employeesโ€™ individual retirement accounts.
United States Vargason Nissan Rubenr Chapa Robertw Gettleman Fred Vargason Plan Administrators Inc

Former St. Charles Nissan dealership owner must restore more than $13K in worker retirement contributions

The former owner of Nissan of St. Charles, which is no longer in business, has agreed to pay nearly $14,000 in restitution to employees whose individual retirement accounts were improperly shorted salary deferral contributions, according to court records.
United States Vargason Nissan Robertw Gettleman Fred Vargason Rubenr Chapa Employee Benefits Security Administration Regional

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