Archived News Release — Caution: Information may be out of date.

Salina, Kansas – The U.S. Department of Labor has sued the trustees of the 401(k) and health plans of defunct B&W Electrical Contractors Inc. (formerly of Salina) for failure to forward $22,670.22 in employee contributions to the 401(k) plan and $7,584.82 in health care premiums to the health plan.

Dublin, Ohio – A federal district court in Columbus has granted the U.S. Department of Labor a consent judgment to distribute more than $600,000 in 401(k) assets owed to former workers of American Systems Consulting Inc. of Dublin.

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Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced guidance to help plan administrators and service providers comply with the new requirements for reporting service provider fee and compensation information applicable to Form 5500 Annual Returns/Reports filed for plan years beginning on or after January 1, 2009.

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Toledo, Ohio – The U.S. Department of Labor has obtained a consent judgment restoring more than $25,000 owed to the retirement savings plan of Tana Corp. in Toledo as resolution of its lawsuit against the company and plan fiduciary Sharon Scherkoske.

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Ligonier, Pennsylvania – William R. McAnulty, trustee of the E.R. Caldwell Land Clearing Contractors Inc.’s 401(k) Profit Sharing Plan in Ligonier has agreed to restore $117,477 to the plan to resolve a lawsuit filed by the U.S. Department of Labor.

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Atlanta – The U.S. Department of Labor has sued Carl E. Reid, a corporate officer of defunct American Fittings Inc., for violating the Employee Retirement Income Security Act (ERISA) by failing to remit employee contributions to the company’s Savings Incentive Match Plan for Employees individual retirement account (SIMPLE IRA).

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NEW YORK — The U.S. Department of Labor and Troy, Mich.-based Delphi Corp. have obtained approval of settlement by the U.S. bankruptcy court in New York that allows the government to recover more than $2.2 million in retirement plan assets owed to the Delphi Personal Savings Plan for Hourly Employees in the United States.

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Washington – The U.S. Department of Labor is soliciting nominations to fill five three-year vacancies on the Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council. The deadline for receipt of nominations is August 31, 2008.

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Washington – The Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Council) and its three working groups will meet July 15 to17 in Washington, D.C., at the U.S. Department of Labor, 200 Constitution Avenue NW, Room C5515-4.

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Washington – Bradford P. Campbell, assistant secretary of labor for the Employee Benefits Security Administration (EBSA), today testified before the House Ways and Means Subcommittee on Select Revenue Measures about the department’s programs to protect and promote retirement security for employer-sponsored individual retirement arrangements (IRAs).

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Atlanta – The U.S. Department of Labor has sued Professional Employee Leasing Inc. in Dadeville, Alabama, Louie Sims and Judy Sims to recover more than $200,000 allegedly diverted by the defendants from the company’s money purchase pension plan in violation of the federal Employee Retirement Income Security Act (ERISA).

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New York – Trustees of the welfare, annuity and pension funds of the Material Yard Workers Local 1175, Laborers International Union of North America (LIUNA), Howard Beach, New York, must restore approximately $227,000 to the plans and pay nearly $23,000 in civil monetary penalties, according to a consent judgment obtained by the U.S. Department of Labor.

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Keene, New Hampshire – Mark R. Blanchard, the former president of defunct Fine Line Drywall Inc. of Keene, has pled guilty to two counts of theft by misapplication of property exceeding $48,000 in the New Hampshire Superior Court in Keene.

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Atlanta – The U.S. Department of Labor has sued William Taylor, president of Nashville, Tennessee-based Homeland Entertainment Group, for failure to forward employee contributions to the company’s retirement plan in violation of the Employee Retirement Income Security Act (ERISA).

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Binghamton, New York - The U.S. Department of Labor has filed a lawsuit to appoint an independent fiduciary for the 401(k) plan of the Tier Electric Corporation in Johnson City, New York, to distribute the plan’s assets and terminate the plan.

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Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will host a free web cast June 25 to help employers and plan administrators understand recent regulatory and interpretative guidance under the Employee Retirement Income Security Act (ERISA).

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Kalamazoo, Michigan – A federal district court in Grand Rapids, Michigan has granted a consent judgment to the U.S. Department of Labor that allows more than $170,000 in 401(k) assets recovered in a criminal action to be distributed to former workers of Merchants Publishing Co. Inc. in Kalamazoo.

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New York – The U.S. Department of Labor has filed a lawsuit asking the U.S. District Court for the Southern District of New York to appoint an independent fiduciary to oversee the abandoned 401(k) plan of defunct Chelsea Voice & Data Inc. of New York City.

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Buffalo, New York – The U.S. Department of Labor has obtained a federal court order appointing an independent fiduciary to manage the abandoned 401(k) plan of defunct Pohlman Foundry Co. Inc. of Buffalo.

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Roseville, Minnesota – The U.S. Department of Labor has sued the president and sole owner of Plywood Industries Inc. in Roseville, for failing to forward to the company’s health plan contributions withheld from employees’ paychecks, in violation of the Employee Retirement Income Security Act (ERISA).