|By Joy Powell, Star Tribune (Minneapolis)|
|McClatchy-Tribune Information Services|
Friday, company officials and the
Home Valu Interiors, begun by Boschwitz and his wife, Ellen, 50 years ago, shut down in 2010 during a depressed real estate market and lagging economy. The former senator was chairman of the company, long known by its original name of Plywood Minnesota, whose TV commercials became part of the state's popular culture. It sold home and remodeling products at retail store locations in
The couple's son,
A civil complaint filed in December by the
The company had been withholding contributions from employees' paychecks but held onto the money in its corporate accounts while failing to use it for ongoing health-plan and dental coverage, as well as for group life insurance, court papers say.
The legal action also involved a flexible-reimbursement plan that involved pretax contributions to cover eligible medical, dental and dependent-care expenses. Court papers say nearly
Under the agreement, the company is enjoined from future activity with the plans and has agreed to repay the contributions to employees.
Toward that end, on
They also deposited
Within 45 days of Friday's consent order and judgment,
For the next 18 months,
(c)2014 the Star Tribune (Minneapolis)
Visit the Star Tribune (Minneapolis) at www.startribune.com
Distributed by MCT Information Services
We have detected that you are using an adblocker. The revenue we earn by advertisements allows us to publish quality content on InsuranceNewsNet.com.
If you wish to enjoy our content, please disable your adblocker and click the button below.
We hope you choose to whitelist our website and enjoy the content our team works hard to publish.