Archived News Release — Caution: Information may be out of date.

The trustee of two Lexington, Massachusetts-based employee benefit plans and two officers of the now-defunct Auto Engineering Limited Partnership of Lexington have agreed to restore a total of $115,000 to the company’s employee stock ownership plan (ESOP) in order to conclude several lawsuits filed by the U.S. Department of Labor.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today sued two Minneapolis-based companies and their retirement plan official for self-dealing violations of federal pension law which resulted in losses to the plan’s participants.

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor has sued now-defunct Ro-Cel Electronics Inc. of Pittsburgh and the trustees of the company’s 401(k) plan for improperly failing to timely deposit employee contributions into the plan.

Ro-Cel, an electronic alarm and security firm, created the plan in 1994 to accept voluntary employee contributions and employer contributions. Although Ro-Cel ceased operations in 1997, the plan has not been terminated.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has sued the owner of Columbus, Ohio-based TennOhio Transportation Co. for failing to deposit employee contributions into investment accounts of the company's 401(k) plan and keeping plan money in accounts of TennOhio and related companies.

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The Secretary of Labor’s Advisory Committee on Employee Welfare and Pension Benefit Plans will hold meetings for its three working groups on May 5 and 6. All sessions will be held at the Department of Labor’s Frances Perkins Building at 200 Constitution Avenue NW, Washington, DC, in Room N3437A-B.

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The U. S. Department of Labor’s ERISA Section 3(40) Negotiated Rulemaking Advisory Committee will hold public meetings on April 20 and 21 to continue its discussion of the process and criteria to be used in developing a proposed rule on whether an employee benefit plan is established or maintained under a collective bargaining agreement.

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A Federal District Court in Miami, Fla. has appointed an independent trustee to manage and terminate the 401(k) plan of Hollywood, Fla.-based Carolina Fitness Equipment, Inc. under a settlement agreement obtained by the U. S. Department of Labor.

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A Texas state court today ordered the owner of Dallas-based Programmed for Success to pay $4,044.30 in restitution, fined him $750 and sentenced him to12 months of probation for misappropriating pension contributions owed to the company’s retirement plan.

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The U. S. Department of Labor has obtained a consent order requiring the trustees of the pension, annuity, education and welfare funds of Local 363 of the International Brotherhood of Teamsters located in Howard Beach, N.Y., and TAP Electrical Contracting Service, Inc., a contributing employer to the plans, to pay more than $1.4 million to the funds as restitution for improper reimbursements made to contributing employers for legal expenses and back wages.

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Superior Engine Rebuilding Co. of Houston and its owners have been sued by the U.S. Department of Labor for withdrawing more than $344,000 from the company’s profit sharing plan for use by themselves and to pay creditors of the company.

The Superior Engine Rebuilding Co. was formed in Houston to rebuild motor vehicular engines. The company’s profit sharing plan covered as many as 29 participants and had assets of $880,367 as of Jan. 31, 1992.

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Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today filed a lawsuit against trustees of two pension plans sponsored by the Sutersville Lumber Company for violating federal pension law by transferring over $500,000 in profit sharing plan assets to the company to pay off a bank loan, which is guaranteed, to its employee stock ownership plan (ESOP).

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The U. S. Department of Labor has obtained a consent judgment requiring Bertin Steel Processing, Inc. of Wickliffe, Ohio and trustees of its welfare plan to pay $556,842 as restitution for improper loans made by the plan and appointing an independent entity to manage the plan.

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Health and Human Services Secretary Donna Shalala and Labor Secretary Alexis M. Herman today announced formation of the Medical Child Support Group to study and provide recommendations on how to improve the enforcement of medical support obligations for children.

The working group was established by the Child Support Performance and Incentive Act of 1998.

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For more information call: (202) 219-8921

An Iowa based insurance company, formerly Blue Cross/Blue Shield of Iowa and South Dakota, will pay $6.875 million to employers and their workers who were denied discounts they should have received for health services.

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Regional offices of the Pension and Welfare Benefits Administration (PWBA) will host a nationwide "Employee Benefits Customer Service Day" on a Saturday, March 20, 1999 between 9:00 a.m. and 4:00 p.m.

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Secretary of Labor Alexis M. Herman today named Barbara A. Uberti of Wilmington, Del. as chair of the Advisory Council on Employee Welfare and Pension Benefit Plans and Dr. Thomas J. Mackell, Jr. of Santa Fe, N.M. and New York City as its vice chair.

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A federal grand jury has indicted a Lexington, Ky. couple for embezzling approximately $7,000 from their company’s profit sharing plan, according to the U. S. Department of Labor.

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The U. S. Department of Labor has obtained a consent judgment appointing an independent trustee to manage the 401(k) plan of Applied Research Corp. of Landover, Md., and requiring two of the company’s former owners to repay $120,940 in restitution and civil penalties for failing to remit employee and employer contributions owed to the plan.