WASHINGTON — Secretary of Labor Elaine L. Chao addressed a crowd of delegates representing the retirement savings and financial communities today to kick off the 2006 National Summit on Retirement Savings.

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San Francisco, California - A U.S. District Court in Los Angeles ordered two former owners of Chatsworth, California-based, Simon Brothers Precision Machining to restore nearly $70,000 in delinquent employee contributions and loan repayments to the company’s 401(k) and health plans. The action resolves a lawsuit filed by the U.S. Labor Department last June to restore assets for 50 former employees of the company.

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Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is again extending the deadline for filing the Form 5500 series annual returns/reports to Aug. 28, 2006. This additional reporting relief is being granted to filers in 31 parishes in Louisiana, 46 counties in Mississippi and 11 counties in Alabama.

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Washington, DC - U.S. Secretary of Labor Elaine L. Chao today announced the agenda of the 2006 National Summit on Retirement Savings that will be held March 1-2, at the Willard Intercontinental Hotel in Washington, DC. The Summit will focus on “Saving for Your Golden Years: Trends, Challenges and Opportunities.”

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Oklahoma City, Oklahoma - U.S. Assistant Secretary of Labor Ann L. Combs spoke to members of Women Impacting Public Policy (WIPP) in Oklahoma City, Oklahoma, today to highlight the Bush Administration’s priorities to make healthcare more affordable for American workers, retirees and their families.

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Philadelphia, Pennsylvania - The U.S. Department of Labor has obtained a consent judgment requiring Cathy Milder to restore $118,736 to her company’s pension plan. Milder was a trustee of the benefit plan and owner of the plan’s sponsor, G&M Land Development Inc., a Wescosville, Pennsylvania, mobile home business that ceased operations in 1999.

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Kearny, New Jersey - The U.S. Department of Labor has sued to appoint Jacqueline Carmichael as an independent fiduciary authorized to manage the 401(k) plan of Universal Freight Systems, a defunct corporation headquartered in Kearny, New Jersey. The plan has been without oversight since the company ceased doing business in February 2002.

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Lionville, Pennsylvania - The U.S. Labor Department has obtained a consent judgment that will require the Harold E. Trego Construction Company Inc., Lionville, Pennsylvania, and its president, to restore $271,652 to the company’s retirement plan. The judgment settles a lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA).

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Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today released a new resource to help Americans calculate the financial resources they will need to ensure a secure retirement.

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Cleveland, Ohio - The U.S. Department of Labor has sued Harold Hopkins and Linda Hopkins, officers of Vista Financial Group Inc., Hudson, Ohio, in federal district court in Cleveland to recover 401(k) plan losses that resulted from fiduciary breaches by the Hopkins. Circle Trust Company also is named in the lawsuit because it is custodian of the plan’s assets.

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Grand Rapids, Michigan - U.S. Assistant Secretary of Labor Ann L. Combs spoke to members of the American Society of Pension Professionals and Actuaries (ASPPA) in Grand Rapids, Michigan, today to highlight the Bush Administration’s priorities to encourage retirement security and make healthcare more affordable for American workers, retirees and their families.

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Detroit, Michigan - The U.S. Department of Labor sued the former president and part-owner of Accutek Services Inc, Detroit, Michigan, to restore losses suffered by the company’s 401(k) plan when he failed to remit employee contributions, used plan assets to operate the company and failed to administer the plan.

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Albany, 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 originally sponsored by Green Appliances Inc., Latham, New York.

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Cincinnati, Ohio - The U.S. Department of Labor has recovered $42,372.21 in employee contributions that were deducted from workers’ pay at A.C. Leadbetter & Sons Inc., Toledo, Ohio, but were never forwarded to the company’s pension plan. The figure includes $4,089.21 in interest on the delinquent contributions.

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Washington, DC - Today, the U.S. Department of Labor announced a new Web page of up-to-date activities in connection with the 2006 National Summit on Retirement Savings. The Summit will take place March 1-2 at the Willard Intercontinental Hotel, 1401 Pennsylvania Avenue, NW, Washington, DC.

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Philadelphia, Pennsylvania - The U.S. Labor Department sued Expert Dry Wall Company Inc. and its president Valerie Kelly for transferring plan assets to Kelly and her sister from the company’s 401(k) savings plan and other violations. The company ceased operations October 2001.