WASHINGTON — Due to a postponement caused by Hurricane Sandy, the final meeting of the year of the Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council, has been rescheduled for Nov. 26-27 at U.S. Department of Labor locations in Washington, D.C. 20210.

NEW YORK — The U.S. Department of Labor today announced a settlement that includes the payment of nearly $220 million to compensate employee benefit plans and other investors that suffered losses through investments in Bernard L. Madoff's Ponzi scheme. The settlement is pending approval by the U.S. District Court for the Southern District of New York and resolves department litigation, actions brought by New York's attorney general, and several private lawsuits and class actions brought on behalf of plans and other investors that invested with Madoff.

Date of Action: Oct. 11, 2012

Name(s) of Defendant(s): Shawn Hedgspeth, Smart Technology Inc. and the Smart Technology 401(k) plan

Allegations: In 2005, Smart Technology Inc., an Annandale, Va.,-based company, established a 401(k) plan for its employees.  An investigation conducted by the U.S. Department of Labor’s Employee Benefits Security Administration found that the company failed to remit employee contributions to the plan from 2007 through 2009.

Date of Action: Oct. 24, 2012

Name(s) of Defendant(s): J.M. Singley & Associates Inc.

Date of Action: Oct. 24, 2012

Name(s) of Defendant(s): J.M. Singley & Associates Inc.

Date of Action: Oct. 23, 2012

Type of Action: Complaint

Name of Defendants: Timothy Masek and Grand Craft, LLC as fiduciaries to the Grand Craft, LLC 401(k) Plan

Allegations: Timothy Masek and Grand Craft, LLC as fiduciaries to the Grand Craft, LLC 401(k) Plan

Date of Action: Oct. 23, 2012

Type of Action: Complaint

Name of Defendants: Timothy Masek and Grand Craft, LLC as fiduciaries to the Grand Craft, LLC 401(k) Plan

Allegations: Timothy Masek and Grand Craft, LLC as fiduciaries to the Grand Craft, LLC 401(k) Plan

Date of Action: Oct. 11, 2012

Type of Action: Order and judgment

Name(s) of Defendant: Winer Industries Inc. 401(k) profit sharing plan

Date of Action: Oct. 11, 2012

Type of Action: Order and judgment

Name(s) of Defendant: Winer Industries Inc. 401(k) profit sharing plan

Date of Action: Oct. 15, 2012

Type of Action: Judgment

Name of Defendants: Ronald Bloomgren, individually and as a fiduciary to the Earmold Design 401(k) Savings Plan

Date of Action: Oct. 15, 2012

Type of Action: Consent order and judgment

Names of Defendant: Robert Fassanella, individually and as a fiduciary to the ECS Web Employees 401(k) Plan & Trust; ECS Web Employees 401(k) Plan & Trust

Date of Action: Oct. 10, 2012

Type of Action: Complaint

Names of Defendant: Gautam Gupta, Nutrition Clinic 401(k) Plan

Date of Action: Oct. 10, 2012

Type of Action: Complaint

Names of Defendant: Gautam Gupta, Nutrition Clinic 401(k) Plan

Date of Action: Oct. 15, 2012

Type of Action: Consent order and judgment

Names of Defendant: Robert Fassanella, individually and as a fiduciary to the ECS Web Employees 401(k) Plan & Trust; ECS Web Employees 401(k) Plan & Trust

Date of Action: Oct. 15, 2012

Type of Action: Judgment

Name of Defendants: Ronald Bloomgren, individually and as a fiduciary to the Earmold Design 401(k) Savings Plan

Date of Action: Oct. 5, 2012  

Type of Action: Complaint

Name of Defendant: Tracy S. Randall, T.S. Randall Company LLC, T.S. Randall Company LLC Retirement Savings Plan

Date of Action: Oct. 5, 2012  

Type of Action: Complaint

Name of Defendant: Tracy S. Randall, T.S. Randall Company LLC, T.S. Randall Company LLC Retirement Savings Plan

Date of Action: Oct. 3, 2012

Type of Action: Consent order and judgment

Names of Defendant: LFAC Inc. Profit Sharing 401(k) Plan

Allegations: LFAC, Inc. was acquired by the General Castings Company in approximately 1996.  Subsequently, General Castings Company served as the plan’s sponsor and administrator.  The plan was abandoned when General Castings Company ceased doing business in 2004.

Date of Action: Oct. 2, 2012

Type of Action:  Consent order and judgment

Names of Defendant: Joseph A. Seher, Pat Mowery, Cheryl Sloan, Accucast Technology LLC 401(k) Plan and Accucast Technology LLC Health Plan

Allegations: Mowery and Sloan in their capacity as fiduciaries to the Accucast Technology LLC 401(k) Plan and Accucast Technology LLC Health Plan failed to ensure employee contributions were forwarded to the plan.

WASHINGTON – The U.S. Department of Labor has filed a lawsuit against GreatBanc Trust Co. and Sierra Aluminum Co. in the U.S.