Archived News Release — Caution: Information may be out of date.

Philadelphia, Pennsylvania - The U.S. Department has obtained a settlement permanently barring Austin James Associates, Inc. (AJA) and its president, Curtis M. Herman from serving as fiduciaries to employee benefit plans governed by the Employment Retirement Income Security Inc.

Archived News Release — Caution: Information may be out of date.

San Francisco, California - The U.S. Department of Labor will hold free workshops May 16 to help employers and pension plan administrators better comply with federal pension law. The workshops will be held at the Sacramento Federal Building, 2800 Cottage Way.

Archived News Release — Caution: Information may be out of date.

Chicago, Illinois - The U.S. Department of Labor has sued the officers of Systems Transport Inc., Elk Grove Village, Illinois, to restore losses suffered by the company’s 401(k) plan when they allegedly failed to remit employee contributions, used plan assets for general company expenses, and failed to administer the plan.

Archived News Release — Caution: Information may be out of date.

Cincinnati, Ohio - The federal district court in Indianapolis has granted a default judgment to the U.S. Department of Labor, which allows the government to restore retirement savings funds and distribute benefits owed to former workers of T&J Fixturing and Contracting Inc. of Franklin, Indiana, according to the department’s Employee Benefits Security Administration (EBSA).

Archived News Release — Caution: Information may be out of date.

San Francisco, California - The former owner of a Fresno-based company that provided services to the employee benefit plans of more than 50 California employers has been ordered to pay $316,770 in restitution, and sentenced to 240 days home detention and 60 months probation for mail fraud.

Archived News Release — Caution: Information may be out of date.

Philadelphia, Pennsylvania - The U.S. Department of Labor has sued Lomik Construction Corporation, Delmont, Pennsylvania, and its president, Michael Rizzi, for violations of the Employee Retirement Income Security Act.

Archived News Release — Caution: Information may be out of date.

Columbus, Ohio - The U.S. Department of Labor has filed a lawsuit in federal district court against Clifford D. Simms, president and owner of Advanced Gear Technology, Columbus, Ohio, seeking to recover funds he owes to the company’s SIMPLE IRA plan.

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

Minneapolis, Minnesota - The U.S. Department of Labor has sued Falcon Communications Group Inc., Minneapolis, Minnesota, and its owner to recover employee contributions that they failed to forward to the workers’ SIMPLE IRA plan.

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

Columbus, Ohio - The U.S. Department of Labor has filed a lawsuit in federal district court against Clifford D. Simms, president and owner of Advanced Gear Technology, Columbus, Ohio, seeking to recover funds he owes to the company’s SIMPLE IRA plan.

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

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

Boston, Massachusetts - A health law compliance assistance seminar, sponsored by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the State of Connecticut Insurance Department, will take place May 24-25 in Hartford, Connecticut, at the Hilton Hartford.

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

Chicago, Illinois - The U.S. Department of Labor has sued Robert M. Beevers, owner of Pre-Press Graphics Company, Chicago, for failing to forward employee contributions to the company’s pension plan and to segregate plan contributions from the general operating assets of the company, which conducted business under the name of R&B Group.

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

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) regional office in Philadelphia will hold a seminar May 18 to assist employers, pension plan administrators and other benefit professionals comply with federal employee benefits law. The seminar will run from 9 a.m. to 11 a.m. and again from 1:30 p.m. to 3:30 p.m. at the NOAA Science Center, 1301 East West Highway in Silver Spring, Maryland.

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

Washington, DC - The U.S. Department of Labor today announced the publication of final rules and a class exemption that allow financial institutions to take responsibility for abandoned 401(k) plans and distribute the plans’ assets to covered workers and their families. The department estimates that 1,650 401(k) plans, covering 33,000 workers, are abandoned by their sponsors each year.

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Kansas City, Missouri - The U.S. Department of Labor filed a lawsuit in U.S. District Court for the Western District of Missouri to obtain a court-appointed, independent fiduciary to manage the abandoned retirement plan of now-defunct Video Post Productions Inc. of Kansas City.

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

Washington, DC - The U.S. Department of Labor today expanded and simplified the Voluntary Fiduciary Correction Program (VFCP) that helps employers and their professional advisors voluntarily correct violations of the law for employee benefit plans. The updated program is effective thirty days after publication in the April 19 Federal Register.

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Los Angeles, California - “Getting It Right – Know Your Fiduciary Responsibilities,” a compliance assistance seminar sponsored by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), will take place in Los Angeles, California, May 11 at the Hilton Los Angeles, 5711 W. Century Boulevard.

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

Washington, DC - The first meeting of the 2006 Advisory Council on Employee Welfare and Pension Benefit Plans will be held Friday, May 5 at 1:45 p.m. in the Secretary’s Conference Room, S-2508, U.S. Department of Labor, 200 Constitution Avenue, NW.

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Philadelphia, Pennsylvania - The U.S. Department of Labor has obtained a federal court order appointing Jacqueline Carmichael as independent fiduciary to replace IT Factory Solution Inc. as administrator for the Solutions by Design money purchase plan. Both entities are defunct Delaware corporations.