Arlington – Business World Management Inc. of Arlington and its officers must restore $50,950 in plan assets and interest to the company's 401(k) plan under a consent judgment obtained by the U.S. Department of Labor. The company formerly operated as Breil Worldwide Management Inc.

Lansdale, Pennsylvania – The U.S. Department of Labor has sued Michael G. Morgan, president of defunct Brandywine Mortgage Corp., for failure to remit employee contributions to the company's SIMPLE IRA plan in violation of the Employee Retirement Income Security Act.

Valley View, Ohio – A federal district court in Cleveland, Ohio, has entered a consent order and judgment ordering the owner and president of Antares Group Inc. of Valley View to pay $13,063 in lost opportunity costs to the participants and beneficiaries of the company's 401(k) plan.

Keasbey, New Jersey – The U.S. Department of Labor has sued to have an independent fiduciary appointed to oversee the abandoned 401(k) plan of Krajack Tank Lines Inc., a defunct company located in Keasbey.

"We took this action to protect the participants who entrusted their savings to the trustees of the plan," said Jonathan Kay, regional director of the department's Employee Benefits Security Administration in New York. "Employers have a legal obligation to properly manage retirement plans when a company goes out of business."

WASHINGTON — The U.S. Departments of Labor and Health and Human Services will hold the second meeting of the Medicaid, Children's Health Insurance Program and Employer Sponsored Coverage Coordination Working Group on June 14 in Washington at the Grand Hyatt, 1000 H St. NW.

The working group will meet from 9 a.m. to 5 p.m. EDT to hear public testimony from witnesses. The meeting is open to the public. The Children's Health Insurance Program Reauthorization Act of 2009 requires the departments to jointly establish the CHIP Working Group.

Birmingham, Alabama – The U.S. Department of Labor’s Employee Benefits Security Administration is offering a free workshop for employee benefit plan professionals, including clients of plan service providers, on Thursday, June 10, at the Birmingham Social Security Center, 1200 Rev. Abraham Woods Jr. Blvd. in Birmingham.

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will host a free webcast June 3 to answer questions from employers, plan administrators and service providers about the Form 5500, EFAST2 and the new e-signature options for electronic filing requirements that began with the 2009 plan year.

Buffalo, New York – The U.S. Department of Labor has obtained a default judgment appointing an independent fiduciary to manage the abandoned 401(k) plan of defunct Franbilt Inc., which was a steel fabrication plant located in Lockport, New York. The court also has ordered the former owner of the company, Thomas Barnes, to pay $145,094 in restitution to the plan.

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration today announced that the EFAST2 electronic filing system for Forms 5500 and 5500-SF employee benefit plan annual reports has a new e-signature option. This option is designed to simplify the electronic filing process, especially for small businesses that use service providers to complete and file their annual reports.

Chicago – The U.S. Department of Labor filed a lawsuit in federal district court in Chicago, seeking the appointment of an independent fiduciary to terminate the Intercounty Title Company of Illinois retirement savings plan and to distribute more than $270,800 in assets to plan participants and beneficiaries.

Washington – Assistant Secretary of the Employee Benefits Security Administration Phyllis C. Borzi today issued the following statement regarding the Affordable Care Act:

"The Affordable Care Act lets young adults stay on their parents' health care plan until age 26. Before the President signed this landmark Act into law, many health plans and issuers could and did in fact remove young adults from their parents' policies because of their age, leaving many college graduates and others with no coverage.

Tacoma, Washington – The U.S. Department of Labor has sued Keith D. Vincent and Vincent’s Apartment Washer Service Inc. in the U.S. District Court for the Western District of Washington for allegedly using employee and employer contributions owed to the company’s savings incentive match plan for employees individual retirement account plan for the benefit of the company, in violation of the Employee Retirement Income Security Act.

Tulsa, Oklahoma – The U.S. Department of Labor’s Employee Benefits Security Administration and the Oklahoma Insurance Department will host a free health law compliance assistance seminar on May 19 and 20 in Tulsa at the Tulsa Technology Center, Lemley Campus, 3420 South Memorial Drive, Health Science Building, Room HSC 3117.

Washington — The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the U.S. Securities and Exchange Commission (SEC) today announced guidance to help investors and plan participants better understand the operations and risks of target date fund investments.

Anchorage, Alaska – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities,” a free compliance assistance seminar in Anchorage on May 19 at the Hilton Anchorage, 500 W. 3rd Avenue.

Washington — Phyllis C. Borzi, Assistant Secretary of the Employee Benefits Security Administration, will address the Washington Legislative Update of the International Foundation of Employee Benefits Plan on Tuesday, May 4 at the Capital Hilton, 1001-16th St., NW, Washington, D.C. Borzi will discuss a variety of agency initiatives and current issues such as pension funding, 401(k) fee disclosure, investment advice, and health care reform for American workers and their families.

Burnsville, Minnesota – The U.S. Department of Labor has sued Larry Lauterbach, the president and former owner of the Burnsville construction company Slate Cement Inc., for making untimely and delinquent participant contributions and loan repayments to the company’s 401(k) plan and to its health and dental plan in violation of the Employee Retirement Income Security Act.

Nashville, Tennessee – A federal court in Nashville has issued a default judgment order against Midland Employer Services of Brentwood, Tennessee, to protect 401(k) assets owned by workers at the defunct employee leasing company.

The order, issued by the U.S. District Court for the Middle District of Tennessee, removes the defendant from service as fiduciary of the plan and appoints Jeanne Barnes Bryant as an independent fiduciary with responsibility to terminate the plan and distribute its assets to eligible plan participants.

Nashville, Tennessee – The U.S. Department of Labor has agreed to an amended consent judgment with David Starkey, a former corporate officer of Midland Employer Services in Brentwood, Tennessee.

Filed in the U.S. District Court for the Middle District of Tennessee, Nashville division, the amended judgment requires the defendant to repay the full amount still owed to the former company’s group health plan, currently $46,248.75 plus interest accrued from April 25, 2005, to the present.

Washington – The heads of five agencies of the U.S. Department of Labor will host live Web chats —open to the public and members of the press — to discuss their respective regulatory agendas. The Labor Department’s entire regulatory agenda is scheduled for publication in the April 26 issue of the Federal Register.

Who: Heads of U.S. Department of Labor agencies

What: Individual Web chats on agencies’ regulatory agendas

When:

Monday, April 26