August 23, 2006

U.S. Labor Department Sues to Appoint Trustee for Abandoned San Jose 401(k) Plan

Archived News Release — Caution: Information may be out of date.

San Francisco, California - The U.S. Department of Labor has filed a lawsuit in federal district court in San Jose seeking the appointment of an independent trustee to manage the abandoned 401(k) plan of Silicon Valley Research, Inc., and distribute more than $900,000 in assets to 28 participants.

August 22, 2006

U.S. Labor Department Sues to Appoint Independent Fiduciary for Retirement Plan Abandoned by Johnson City, New York Company

Archived News Release — Caution: Information may be out of date.

Syracuse, New York - The U.S. Department of Labor has filed suit asking the U.S. District Court for the Northern District of New York to appoint an independent fiduciary to oversee the abandoned Azon Employees Retirement Plan.

August 22, 2006

Labor Department Sues Officer of Macedonia, Ohio Business For Failing to Properly Administer 401(k) Plan

Archived News Release — Caution: Information may be out of date.

Macedonia, Ohio - The U.S. Department of Labor has sued the former president of now-defunct D.L. French Company Inc., Macedonia, Ohio, for failing to administer the company’s 401(k) profit sharing plan so that assets could be distributed to plan participants.

August 22, 2006

Labor Department Obtains Judgment Providing for Distribution of 401(k) Assets to Employees of Defunct Alameda Firm

Archived News Release — Caution: Information may be out of date.

San Francisco, California - The U.S. Department of Labor has obtained a judgment appointing an independent fiduciary to distribute more than $149,500 in assets to 19 participants of the 401(k) plan of defunct Alameda, California-based RadixOne. The technology firm, formerly known as ReSolutions Group, closed in 2003.

August 21, 2006

U.S. Labor Department Sponsors Seminar in Charlotte, North Carolina On Complying With Federal Employee Benefits Law

Archived News Release — Caution: Information may be out of date.

Charlotte, North Carolina - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) in Atlanta will hold a seminar to assist employers, pension plan administrators and other benefit professionals comply with federal employee benefits law. The Charlotte, North Carolina seminar will be held August 22, 2006, at the Embassy Suites, 4800 South Tryon Street.

August 16, 2006

U.S. Labor Department Sues Orlando, Florida, Corporation To Restore Losses to 401(k) Plan

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

Atlanta, Georgia - The U.S. Department of Labor has sued Orlando-based IMDC Inc. and Gregory C. Mundy, fiduciary of the company’s 401(k) profit sharing plan, to recover lost benefits for plan participants.

August 16, 2006

U.S. Department of Labor Obtains Order Removing Washington, DC Union Executive as Trustee of Pension and Health Plans

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

Washington, DC - A federal court in Washington, DC has removed the National Association of Special Police and Security Officers (NASPSO), and its executive director, Caleb A. Gray-Burriss, as fiduciaries of the pension and health plans of NASPSO, according to a temporary restraining order obtained by the U.S. Department of Labor.

August 16, 2006

U.S. Department of Labor Sues to Protect Employees’ 401(k) Funds

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

San Francisco, California - The U.S. Department of Labor has sued three former officials of a Livermore, California business for failing to properly forward employee contributions to the company’s 401(k) plan. The plan covered approximately 95 participants when the telecommunications and networking company ceased operations in October 2004 at the Livermore and Pleasanton locations.

August 9, 2006

U.S. Labor Department Settlement Restores Funds To Livonia, Mich. Workers' 401(k) Plan

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

LIVONIA, Mich. - The U.S. Department of Labor has obtained a settlement restoring $46,925 to the Crudo Brothers Company Inc. 401(k) plan and permanently barring plan fiduciary Fernanda Crudo from serving in a fiduciary capacity or as a service provider to any employee benefit plans governed by the Employee Retirement Income Security Act (ERISA).

August 2, 2006

Labor Department Acts to Return $40,000 in 401(k) Assets To Former Employees of Bankrupt Oakland Company

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

San Francisco, California - An independent trustee will begin distributing the remaining funds from a now-defunct Oakland company’s “orphaned” 401(k) employee benefit plan under a default judgment against the AM-PM Service Company.

July 28, 2006

Roswell, Georgia, Company and CEO Ordered to Restore More Than $27,000 to 401(k) Plan

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

Atlanta, Georgia - The U.S. Department of Labor has obtained a consent judgment ordering Commetrex Corp., Roswell, Georgia, and CEO Michael Coffee to restore $27,452 to the company’s 401(k) plan.

July 26, 2006

ERISA Advisory Council Sets August 2006 Meetings

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

Washington, DC - The Advisory Council on Employee Welfare and Pension Benefit Plans and its three working groups will meet August 9-11, in Room N-4437 A-C at the U.S. Department of Labor (DOL), 200 Constitution Avenue, Washington, DC.

July 24, 2006

Labor Department Secures Agreement for Reimbursement of More Than $33,000 for 401(k) and Profit Sharing Plan Participants at Defunct Bucks County Business

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

Philadelphia, Pennsylvania - Douglas Daly, former owner and president of Integrated Metal Fabrications, Inc. (IMF), has agreed to restore $33,269 in lost assets and interest to the company’s 401(k) and Profit Sharing Plan. The Bucks County, Pennsylvania company ceased operations in August 2005.

July 20, 2006

Labor Department Obtains Court Judgment Removing Portland Company From Management of 401(k) Plan

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

Portland, Oregon - The U.S. Department of Labor has obtained a default judgment removing defunct Emerald Solutions, Inc., Portland, Oregon, from its position as plan administrator of the company’s 401(k) plan. The court action clears the way for former employees of Emerald Solutions, Inc. to regain access to their retirement accounts.

July 20, 2006

Labor Department Announces Final Rule on Electronic Filing and Proposes Improvements to Form 5500 Annual Reports

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

Washington, DC - Today the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced a final regulation requiring plans to file Form 5500 annual reports electronically, beginning with 2008 plan year filings due in 2009. Simultaneously, EBSA, along with the Internal Revenue Service and the Pension Benefit Guaranty Corporation, proposed changes to the forms that will be processed under the new electronic system.

July 19, 2006

Workshop on ERISA and Re-employment Rights Laws Held in Kansas City July 26

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

Kansas City, Missouri - The U.S. Department of Labor will host a free employer workshop called “Understanding Your Responsibilities under ERISA and USERRA” on July 26 at the Kauffman Foundation Conference Center, 4801 Rockhill Road in Kansas City.

July 18, 2006

Labor Department Hosts Free Workshop to Help Michigan Employers Understand and Meet Private Sector Employee Benefits Law

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

Troy, Michigan - The U.S. Department of Labor will hold a free workshop in Troy, Michigan to help employers and administrators of pension and health plans comply with the Employee Retirement Income Security Act (ERISA), the federal law that governs private-sector employee benefit plans. The workshop will be held August 9 at the Holiday Inn Troy, 2537 Rochester Court.

July 18, 2006

Pittsburgh Area Employer Ordered to Restore Nearly $35,000 to Company 401(k) Plan

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

Creighton, Pennsylvania - A federal judge has ordered now defunct Orris Fuel Inc. and its controller, Victoria Skinner, to restore $34,688 in lost assets and interest to the company’s 401(k) plan.

July 13, 2006

Labor Department Releases Advance Copies of 2006 Form 5500 Annual Report

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service and the Pension Benefit Guaranty Corporation today released advance copies of the 2006 Form 5500 and instructions.

July 13, 2006

Labor Department Obtains Court Order Barring Minneapolis Area Executive from Serving as Fiduciary on Retirement Plans

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

Minneapolis, Minnesota - The U.S. Department of Labor obtained a default judgment against Paul J. Johnson from serving as a fiduciary to any plan governed by the Employee Retirement Income Security Act (ERISA) and removing him as fiduciary of the Jerome Johnson Excavating Profit Sharing Plan, Maple Plain, Minnesota.