Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

Leslie B. Kramerich has assumed the position of Acting Assistant Secretary of the Labor Department's Pension and Welfare Benefits Administration (PWBA). For the last year, Kramerich has been PWBA's Deputy Assistant Secretary for Policy.

She became Acting Assistant Secretary on Dec. 6 upon resignation of then Assistant Secretary Richard McGahey and will remain in the post until a permanent candidate is appointed.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

American Technical Institute (ATI) of Memphis, Tenn., and its president, Dr. Dallas Wayne Jones, were ordered to pay $63,554.68 to the institute’s money purchase plan in a judgment won Dec. 1, 1999, by the U.S. Department of Labor.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.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 today announced a proposed class exemption to allow investment firms to cross-trade securities of employee benefit plan clients with other accounts managed by the firms.

Archived News Release — Caution: Information may be out of date.

The Department of Labor's Pension and Welfare Benefits Administration (PWBA) today announced the appointment of Daniel J. Maguire as director of the newly created Office of Health Plan Standards and Compliance Assistance.

Archived News Release — Caution: Information may be out of date.

The Labor Department’s Pension and Welfare Benefits Administration today published a notice of proposed rulemaking to improve the security of more than $300 billion in assets held in private-sector pension plans maintained by small businesses.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has obtained a settlement with officials of the Rolling Meadows, Ill. accounting and auditing firm of Whitfield and Reninger, Ltd., requiring them to restore $20,406 in principal and interest to two profit sharing plan participants and to pay $4,081 in civil monetary penalties.

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor’s Pension and Welfare Benefits Administration (PWBA) today proposed an amendment to an existing class exemption which would allow plans to receive interest free loans and extensions of credit from related parties to pay for unanticipated Y2K computer problems. Since 1998, PWBA has been providing guidance to the plan community in an effort to help them prepare for their Y2K contingency planning.

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

The U. S. Department of Labor has sued the trustees of the John E. Healy & Sons Pension Plan of New Castle, Del. for making over $450,000 in improper loans with plan money.

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

The U.S. Labor Department has obtained a partial settlement in its case involving an Anniston, Ala. non-profit corporation’s 401(k) profit sharing plan.

The action will result in $9,000 being recouped for the plan and will resolve a restitution issue concerning employee contributions of $8,331.82 not remitted to the plan for the period of April 30, 1997 to June 30, 1997, as well as interest which would have accrued.

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

An executive of Columbus, Ohio-based Buckeye Technical Services, Inc. pleaded guilty to one count of embezzling $3,241 from the company’s 401(k) plan, according to documents filed in federal court today.

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

The U.S. Department of Labor has sued a Florida pension plan official for deducting but not forwarding $84,521 from employees’ paychecks to the company-sponsored 401(k) savings and investment plan.

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

Today the U.S. Department of Labor is proposing rules that would implement provisions of the Child Support Performance and Incentive Act of 1998 that are intended to help children gain access to coverage under their noncustodial parents’ employer-based group health plans.

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

The U.S. Department of Labor’s Pension and Welfare Benefits Administration and Internal Revenue Service today extended the deadline for filing annual returns/reports (Form 5500 series) due to Hurricanes Floyd and Irene.

The extension applies to employee benefit plans, banks and insurance companies located in the counties designated by the Federal Emergency Management Agency as federal disaster areas because of the hurricanes.

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

The U. S. Department of Labor has obtained a consent order requiring the Seafarers International Union of Puerto Rico, the Carribbean and Latin America to repay $374,729, plus interest, to its welfare plan as repayment for improperly retained employer contributions owed to the welfare plan.