BRIDGEPORT, Pa.—The U.S. Department of Labor has obtained a court order freezing 13 bank and brokerage accounts allegedly containing assets of multiple employee welfare benefit plans administered by Bridgeport-based PennMont Benefit Services Inc. The accounts include bank accounts in the name of plan trustee Penn Public Trust, plan fiduciary John J. Koresko V and the Koresko Law Firm.

Date of Action: July 2, 2013

Type of Action: Complaint

Names of Defendant: Theresa A. Hellman and Robin M. Polin, individually and as fiduciaries of the Specialty Staff, Inc. 401(k) Plan; Specialty Staff Inc.; and the Specialty Staff Inc. 401(k) Plan located in Carmel, Ind.

CRESTVIEW, Fla. – The U.S. Department of Labor has obtained a consent judgment requiring Robert S. Caputo and Glenn M. Bankert to restore $225,000 to an employee stock ownership plan. The judgment follows a lawsuit filed by the department’s Employee Benefits Security Administration alleging the defendants breached their fiduciary responsibilities, in violation of the Employee Retirement Income Security Act.

Date of Action: July 11, 2013

Name(s) of Defendant(s): Innovative Logistics Techniques Inc.  

Date of Action: June 25, 2013

Type of Action:  Default Judgment

Name(s) of Defendant(s): The Hartford Construction Group LLC, Travis M. Donnelly, the Hartford Construction Group, LLC 401(k) Profit Sharing Plan and the Hartford Construction Group LLC Group Health Plan

Date of Action: July 1 , 2013

Type of Action: Complaint

Name(s) of Defendant(s): David O. Nyanjom, Laura Nyanjom, Pulmonary Disease & Critical Care Associates, P.A and Pulmonary Disease & Critical Care Associates, P.A. 401(k) Plan

Date of Action: June 27, 2013

Type of Action: Default judgment

Name(s) of Defendant(s): Charles H. England, and Charles H. England, Inc.

Date of Action: July 1, 2013

Type of Action: Default Judgment

Name(s) of Defendant(s): Jeremy Williams, individually and as a fiduciary to Williams Construction and Masonry Contractors Inc. profit sharing plan; Williams Construction and Masonry Contractors Inc. and Williams Construction and Masonry Contractors Inc. profit sharing plan.

SHREVEPORT, La. – The U.S. Department of Labor has sued Doctors Hospital owners David and Chris LeBlanc in an effort to recover $18,904 in employee retirement contributions and employee-paid premiums for medical and disability insurance coverage. The department's lawsuit alleges that the LeBlancs violated the Employee Retirement Income Security Act of 1974 by using assets belonging to the employee retirement and insurance plans for the benefit of their business operations.

Date of Action: June 14, 2013

Type of Action: Consent Judgment and Order

Name(s) of Defendant(s): Tripp Mechanical Services, LLC, Jarvis Edward Tripp, Jr., and Gina Tripp

WASHINGTON – The U.S. Department of Labor's Employee Benefits Security Administration today announced an extension of the comment period on its advance notice of proposed rulemaking focusing on lifetime income illustrations given to participants in defined contribution pension plans, such as 401(k) and 403(b) plans. The ANPRM serves as a request for comments on specific language and concepts in advance of a proposed regulation.

INDIANAPOLIS – The U.S. Department of Labor today announced that the owners of Heartland Foods Inc. will restore $283,530 to the Heartland Foods Inc. 401(k) Profit Sharing Plan under terms of a consent judgment and order. The decision follows an investigation by the department’s Employee Benefits Security Administration that found co-owners Karen S.

Date of Action: June 3, 2013

Type of Action: Consent judgment

Name(s) of Defendant(s): Charles Yaskulski, Eagle Warranty Corp., and Eagle Warranty Corp. profit sharing plan

Date of Action: June 17, 2013

Type of Action: Default Judgment

Names of Defendants: Pallet Holdings, LLC; Pallet Holdings, LLC 401(k) Plan and Brandon Bush, individually and as a fiduciary of the Plan

Date of Action: June 14, 2013

Type of Action: Complaint

Name(s) of Defendant: People of Color in Crisis 403(B) Retirement Plan

WASHINGTON – Assistant Secretary of Labor for Employee Benefits Security Phyllis C. Borzi today announced the following guidance on compliance with employee benefit plan rules for those adversely impacted by the Moore, Oklahoma tornado:

Date of Action: June 10, 2013

Type of Action: Complaint

Names of Defendants: Alex Bulmash, Investment Group Inc. and Investment Group Inc. 401(k) Sharing Plan & Trust

Allegations: The Investment Group Inc. was a mortgage brokerage firm which processed residential mortgages in Cook County, Ill. Bulmash was the president and owner of Investment Group Inc. and sole fiduciary to the Investment Group Inc. 401(k) Sharing Plan & Trust established in January 2003.

Date of Action: June 10, 2013

Type of Action: Consent judgment and order

Name of Defendant: Thomas Fernandes, individually and as a fiduciary to the Air Gage Company 401(k) Plan and Air Gage Company Health Care Plan

Resolution: Fernandes, in his capacity as a fiduciary to the Air Gage Company 401(k) Plan and Air Gage Company Health Care Plan, is liable to the plans for $11,143.21.

LEXINGTON, Ky. – The U.S. Department of Labor has filed complaints on behalf of pension plans at Iowa-based foundry Fairfield Casting LLC and Michigan-based manufacturer Fourslides Inc. The suits, filed in U.S. District Court for the Eastern District of Kentucky, allege improper use of pension funds and seek to restore $4.9 million to the defined benefit plans.

MILWAUKEE – A federal court in Milwaukee has ordered Michael J. Losik to restore $225, 274 to the Losik Engineering Design Group Ltd. defined benefit retirement plan. Losik, the company’s president and owner, violated the Employee Retirement Income Security Act by imprudently investing plan assets in a hedge fund, by making an improper distribution to his own account, and by failing to properly administer the plan. The judgment resolves a lawsuit filed by the U.S.