Archived News Release — Caution: Information may be out of date.

Albuquerque, New Mexico - The U.S. Department of Labor has obtained a consent judgment requiring Albuquerque-based Universal Printing & Publishing Inc. to restore $155,622 to its profit sharing plan as restitution for an improper loan made to the company by the plan. The order also permanently bars two company officials from service to employee benefit plans in the future.

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Chicago, Illinois - The U.S. Department of Labor has obtained a court judgment requiring Lord & Essex Homes Inc., an Aurora, Illinois, home builder, and the trustee of the company’s 401(k) plan to restore $12,907.33 as restitution for failure to forward employee contributions and loan repayments to the plan.

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Fort Wayne, Indiana - The U.S. Department of Labor has obtained a settlement requiring CCS Inc. to restore $29,362.45 to its 401(k) plan. The consent order also permanently bars two of the Fort Wayne company’s plan trustees from serving as fiduciaries to employee benefit plans governed by the Employee Retirement Income Security Act (ERISA).

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WASHINGTON – The Advisory Council on Employee Welfare and Pension Benefit Plans and its three working groups will meet July 6-8 at the U.S. Department of Labor in Washington, D.C.

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Dallas, Texas - The U.S. Department of Labor has sued executives of defunct Intelecon Services Inc., Dallas, Texas, to recover delinquent employee contributions and loan repayments owed to the 401(k) plan.

Archived News Release — Caution: Information may be out of date.

Boston, Massachusetts - The U.S. Department of Labor has sued Lauriat’s Incorporated, a former Boston-area bookstore chain, to obtain court appointment of an independent fiduciary to manage the defunct company’s abandoned retirement plan. The suit was filed under the Employee Retirement Income Security Act (ERISA).

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

Boston, Massachusetts - The U.S. Department of Labor has sued under the Employee Retirement Income Security Act (ERISA) to obtain court appointment of an independent fiduciary to manage the abandoned 401(k) plan of now-defunct Marcel French Salon. The company did business in Chestnut Hill, Massachusetts, as Ambiance.

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New York, New York - The U.S. Department of Labor sued Project Solutions of Rochester Inc. and its owner for failure to forward $37,932.14 in employee contributions owed to the company’s 401(k) SIMPLE plan.

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New York, New York - The U.S. Department of Labor has sued under the Employee Retirement Income Security Act to obtain court appointment of an independent fiduciary to manage the abandoned 401(k) plan of J. Michael Bloom & Associates Ltd. of New York City. The suit also asks to distribute $95,422 to eligible participants and to terminate the plan.

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San Francisco, California - The U.S. Department of Labor has sued a South San Francisco-based engineering consulting firm, GKO & Associates Inc, and its president for misusing employee 401(k) contributions to pay corporate expenses.

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Chicago, Illinois - The U.S. Department of Labor has obtained a settlement permanently barring the president of Bimet Corporation of Morris, Illinois, from serving as a fiduciary for employee benefit plans governed by the Employee Retirement Income Security Act (ERISA) and requiring restoration of $10,950.61 to the company’s 401 (k) and profit sharing plan.

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Washington, DC - The U.S. Department of Labor and the Securities and Exchange Commission (SEC) today published tips to assist fiduciaries of employee benefit plans in reviewing conflicts of interest of pension consultants.

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Washington, DC - U.S. Assistant Secretary of Labor Ann L. Combs today released the following statement on the report by the Government Accountability Office (GAO) on weaknesses in the pension funding rules:

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Minneapolis, Minnesota - The U.S. Department of Labor obtained a default judgment requiring the chief executive officer of The Lampland Company Inc., Rochester, Minnesota, to restore $3,756 to the company’s SIMPLE IRA plan as restitution for failure to forward to the plan contributions withheld from employees’ paychecks.

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Detroit, Michigan - The U.S. Department of Labor has sued an executive of The International Group, Sterling Heights, Michigan, for failing to forward employee contributions to the company’s 401(k) plan in a timely manner, to segregate plan contributions from the general operating assets of the now defunct company, and to insure that required distributions were made to plan participants.

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Philadelphia, Pennsylvania - The U.S. Department of Labor has sued to remove the Mary Cole Industrial Services, Inc. as fiduciary of the company’s 401(k) plan and seeks the appointment of an independent fiduciary to terminate the plan and distribute its assets. The defunct Wilmington, Delaware company ceased operations in 2001.

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Atlanta, Georgia - The U.S. Labor Department obtained a default judgment ordering the restoration of more than $4,300 to the Matlack Medical Imaging 401(k) plan, Hillsborough, North Carolina.

“This case sends a clear message that the Labor Department will hold accountable those who are entrusted with employee contributions to benefit plans,” said Howard Marsh, Atlanta regional director of the Employee Benefits Security Administration (EBSA).

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Philadelphia, Pennsylvania - The U.S. Labor Department has sued the Professional Industrial and Trade Workers Union Health and Welfare Fund and its fiduciaries for misuse and mismanagement of plan assets.

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WASHINGTON—Ann L. Combs, assistant secretary for employee benefits security administration, today commended the Securities and Exchange Commission (SEC) on its report examining conflicts of interest among pension consultants.