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The U.S. District Court of Minnesota has ordered a provider of staffing and IT consultancy to repay $24k in retirement plan contributions. Virtual Matrix Corp. and CEO Suman Thotakura were initially embroiled in a Department of Labour suit last year. The Secretary of Labor filed a lawsuit on Aug. 30, 2023, against the company and the man running things. The suit alleged that they both “failed to remit the voluntary salary contributions and participant loan repayments to the Virtual Matrix 401(k) Profit Sharing Plan from April 30, 2021, to June 30, 2022, in violation of federal law.” Virtual Ma…

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