The San Francisco firm's Frank Cialone will take the lectern – and the stand – in a $1.2 million dispute with the firm that advised it on its deferred compensation and profit-sharing plan.
June 09, 2009 at 12:00 AM
1 minute read
SAN FRANCISCO — Shartsis Friese squared off against JP Morgan Retirement Services in San Francisco federal court Monday over who was responsible for six years of miscalculated contributions to the San Francisco firm’s deferred compensation and profit-sharing plan.
The firm says its plan contributions didn’t meet IRS rules because of bad advice from its outside benefits consultant. The firm said it has had to spend $1.2 million to bring the fund back into compliance.
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