October 30, 2006

Labor Department Sues Officers of Lansing, Michigan Business To Restore Delinquent Contributions to Company’s Retirement Savings Plan

Archived News Release — Caution: Information may be out of date.

Lansing, Michigan - The U.S. Department of Labor has sued Allen Christian and Peggy Christian, officers of Omnitec Architectural Specialties, Inc., Lansing, Michigan, for failing to forward employee contributions to the company’s pension plan and to segregate the plan contributions from the general operating assets of the company.

October 30, 2006

U.S. Labor Department Asks Bankruptcy Court to Release 401(k) Contributions

Archived News Release — Caution: Information may be out of date.

Springfield, Massachusetts - The U.S. Department of Labor has petitioned the federal bankruptcy court in Springfield to release 401(k) plan contributions withheld from the paychecks of employees of bankrupt N&B Express Inc. from the company’s bankruptcy estate.

October 30, 2006

U.S. Labor Department Finalizes Amendment On Securities Lending Exemption

Archived News Release — Caution: Information may be out of date.

Washington, DC - The U.S. Department of Labor's Employee Benefits Security Administration today announced adoption of a final class exemption expanding the opportunities for securities lending between employee benefit pension plans, banks and broker-dealers.

October 27, 2006

Workshop on ERISA and Re-employment Rights Laws Held in St. Louis November 29

Archived News Release — Caution: Information may be out of date.

St. Louis, Missouri - The U.S. Department of Labor will host a free employer workshop called “Understanding Your Responsibilities under ERISA and USERRA” on November 29 at the Robert A. Young Federal Building, 1222 Spruce Street, Room 2.206 (Auditorium) in St. Louis.

October 27, 2006

Employee Benefits Security Administration Releases Second Field Assistance Bulletin on Health Savings Accounts

Archived News Release — Caution: Information may be out of date.

Washington - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today released Field Assistance Bulletin (FAB) 2006-02 that provides guidance to field investigators on recurring questions about the guidance in FAB 2004-1 and evolving practices regarding the offering of health savings accounts (HSAs) in the workplace.

October 17, 2006

U.S. Labor Department Obtains Settlement with Broadview, Illinois Business Owners to Restore Workers’ Profit Sharing Plan Assets

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

Chicago, Illinois - The U.S. Department of Labor has obtained a settlement requiring restoration of assets to the BGB Network Inc. Safe Harbor 401(k) Profit Sharing Plan and permanently barring former trustees of the plan, based in Broadview, Illinois, from service to employee benefit plans governed by the Employee Retirement Income Security Act (ERISA) in the future.

October 17, 2006

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

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

San Francisco, California - The U.S. Department of Labor has filed suit in federal district court in San Francisco seeking the appointment of an independent trustee to manage the abandoned retirement plan of NetActive Corp., formerly of San Francisco. The trustee would terminate the plan and distribute its assets to eligible participants.

October 17, 2006

U.S. Labor Department Sues Owner of Akron, Ohio, Company to Restore Delinquent Contributions to Company’s 401(k) Plan

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

Akron, Ohio - The U.S. Department of Labor has sued the owner of Truax Restoration Services, located in Akron, Ohio, for failing to forward employees’ voluntary contributions to the company’s 401(k) plan and to segregate the plan contributions from the company’s general assets.

October 16, 2006

U.S. Labor Department Sues Plan Officials for Mismanaging $50M In Assets of New York 401(k) Plan

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

New York, New York - The U.S. Department of Labor has sued the fiduciaries of the Agway Inc. 401(k) plan, in DeWitt, New York, for imprudently investing approximately $50 million of the plan’s assets in the securities of the company, valuing the stock at prices higher than market value, and giving participants false information about the investment.

October 12, 2006

U.S. Labor Department Gives Filers Affected By Hurricane Katrina Additional Extension of Deadline to File Annual Reports on Benefit Plans

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today advised plan practitioners affected by Hurricane Katrina who require additional time to file 2005 Form 5500 series annual returns/reports that they may request an extension of two and one-half months (to December 31, 2006).

October 10, 2006

U.S. Labor Department Sues Cincinnati Company for Failing to Distribute 401(k) Funds When It Went Out of Business

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

Cincinnati, Ohio - The U.S. Department of Labor has sued Strategic Decisions Inc. Cincinnati, for failing to administer and terminate the company’s 401(k) plan so that assets could be distributed to plan participants.

October 6, 2006

U.S. Labor Department Obtains Default Judgment Removing Fiduciary from Oakland County, Michigan Company’s 401(k) Plan

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

Detroit, Michigan - The U.S. Department of Labor has obtained a default judgment removing the former president of now-defunct Application Technology Group Inc. (ATG), Oakland County, Michigan, as a fiduciary to the ATG 401(k) plan, and permanently barring Kenneth A. Poulos from serving as a plan fiduciary to any Employee Retirement Income Security Act (ERISA)-covered employee benefit plan.

October 5, 2006

Judgment Clears Way for U.S. Labor Department to Return Almost $47,000 in 401(k) Funds to Bay Area Workers

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

San Francisco, California - A U.S. District Court judge has approved a default judgment against the trustees of the 401(k) plan of Promatis Corp., a defunct San Ramon, California-based company. The judgment clears the way for distribution of the plan’s assets to four eligible participants.

October 5, 2006

U.S. Labor Department Launches Interactive Web site to Help Employers Comply with Health Benefit Laws

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced the launch of a new interactive Web site to serve as a resource for employers in complying with the various federal health benefit laws. The Health Benefits Advisor is designed to help employers and other plan officials understand their responsibilities in operating group health plans.

October 5, 2006

U.S. Labor Department Sues Ligonier, Pennsylvania Employer for Pension Plan Violations

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

Philadelphia, Pennsylvania - The U.S. Department of Labor has sued now-defunct E.R. Caldwell Land Clearing Contractors Inc. (ERC), Ligonier, Pennsylvania, for alleged misappropriation of funds from the company’s 401(k) profit sharing plan and violations of the federal law that protects private retirement, health and other benefit plans.

October 4, 2006

U.S. Department of Labor’s ERISA Advisory Council Working Groups to Hold Teleconferences October 20

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

Washington, DC - The three working groups of the Employee Retirement Income Security Act

(ERISA) Advisory Council on Employee Welfare and Pension Benefit Plans will convene by teleconference October 20 to discuss reports and recommendations to be submitted to the Secretary of Labor.

October 3, 2006

U.S. Labor Department Enters Settlements with Connecticut Investment Firms to Restore $8.8 Million Owed to Pension Plans

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

October 3, 2006

Stoughton, Massachusetts Dentist Restores Over $118,000 to Employee Pension Plan to Settle U.S. Labor Department Lawsuit

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

Boston, Massachusetts - A Stoughton, Massachusetts dentist has restored more than $118,000 in misused assets to the profit sharing plan of the dental practice’s employees, according to a consent judgment and order obtained by the U.S. Department of Labor for alleged violations of the Employee Retirement Income Security Act (ERISA).

October 2, 2006

U.S. Department of Labor Sues Officers of Kalamazoo, Michigan Business To Restore Funds to Company’s Retirement Savings Plan

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

Kalamazoo, Michigan - The U.S. Department of Labor has sued M. Jack Fleming and Carol Fleming, trustees of the Merchants Publishing Co. Inc., for failing to forward employee contributions to the company’s 401(k) profit sharing plan, co-mingling plan contributions with the general operating assets of the company, and other violations of federal employee benefits law.

September 27, 2006

Labor Department Sues to Appoint Independent Trustee for Abandoned Savings and Investment Plan

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

Detroit, Michigan - The U.S. Department of Labor has filed a lawsuit in federal district court in Detroit to appoint an independent trustee for the abandoned savings and investment plan of Michigan Pumping Service Inc., Trenton, Michigan. The company ceased doing business in 2003 after being sold to a new owner.