Archived News Release — Caution: Information may be out of date.

Philadelphia, Pennsylvania - The U.S. Labor Department has sued the Professional Industrial and Trade Workers Union Health and Welfare Fund and its fiduciaries for misuse and mismanagement of plan assets.

Archived News Release — Caution: Information may be out of date.

WASHINGTON—Ann L. Combs, assistant secretary for employee benefits security administration, today commended the Securities and Exchange Commission (SEC) on its report examining conflicts of interest among pension consultants.

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Portland, Oregon - The U.S. Department of Labor has filed an adversary complaint in federal bankruptcy court in Portland, Oregon, to protect more than $18,600 owed to the 401(k) retirement plan of the defunct local company Redi-Fab Inc.

Archived News Release — Caution: Information may be out of date.

Grand Rapids, Michigan - The U.S. Department of Labor has sued the former president of now-defunct Rycenga Homes Inc., Spring Lake, Michigan, for misusing more than $1 million of 401(k) assets to pay corporate debts.

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New York - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to damages from severe storms and flooding in New York.

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New Jersey - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to damages from severe storms and flooding in New Jersey.

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Nashville, Tennessee - The U.S. Department of Labor has obtained a consent judgment requiring the former president of Nashville-based Midland Services Inc. to restore $46,248 to the company’s health plan. Midland was a staff-leasing firm that operated a multiple employer welfare arrangement for workers leased to client employers.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

Cincinnati, Ohio - The U.S. Department of Labor has obtained a default judgment holding the owners of Leatherite/Nylorite Manufacturing Inc., Carmel, Indiana, liable for $21,454.99 in delinquent employee contributions and interest not remitted to the company’s 401(k) and health plans.

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Atlanta, Georgia - The U.S. Labor Department has obtained a default judgment ordering the restoration of more than $61,500 to the 401(k) plan of now-closed Dieter Bryce Inc., Gaston, South Carolina.

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Pittsburgh, Pennsylvania - The U.S. Department of Labor has obtained a consent judgment permanently barring Jeff Thomas Allen of Fox Chapel, Pennsylvania, chairman, president and CEO of Advanced Investment Management Inc. (AIM), from acting as a fiduciary and service provider to any employee benefit plan governed by federal employee benefits law.

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Philadelphia, Pennsylvania - The Allan T. Shepherd Company, Richmond, Virginia, and its president were sued by the U.S. Department of Labor for failing to forward or timely remit employees’ contributions and loan repayments to the company’s 401(k) savings plan.

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KANSAS CITY, Mo. - U.S. Assistant Secretary of Labor Ann L. Combs addressed the challenges of retirement security at a meeting today in Kansas City, Mo., hosted by the Employee Benefits Institute. Like the department's head, U.S. Secretary of Labor Elaine L. Chao, Combs is participating in the "60 Stops in 60 Days" tour to support President Bush's plans to strengthen the retirement security of America's workers.

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WASHINGTON - The first meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans will be held May 12 at 2:00 p.m. in the Secretary's Conference Room, S-2508, U.S. Department of Labor, 200 Constitution Avenue, N.W.

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DALLAS - Roger Hilburn has been named regional director of the U.S. Department of Labor's Employee Benefits Security Administration (EBSA) in Dallas, Texas.

As regional director, Hilburn heads a staff of 47 investigators, auditors and pension benefit advisors. He is responsible for overseeing the operations of private-sector pension, health and other benefit plans in Arkansas, Louisiana, New Mexico, Oklahoma and Texas.

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ATLANTA - The U.S. Department of Labor has sued bankrupt D&S Consulting Engineers Inc., Decatur, Ala., and an executive for failing to forward $41,103.65 and timely remit employee contributions to the company's 401(k) plan and to separate assets of the plan from those of the company.

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SAN FRANCISCO - The U.S. Department of Labor will hold a free workshop to help employers and health and pension plan administrators better comply with the Employee Retirement Income Security Act (ERISA), the federal law that governs private employer pension and health benefit plans for employees. The workshop will be held April 19 at the Embassy Suites Hotel, located one mile from the Irvine-Orange County Airport.

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New York, New York - The former president of Vanguard Asset Group Inc., Lake Success, New York, was indicted by a federal grand jury in New York for embezzlement of health care premiums and for defrauding small business clients to benefit himself.

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Lexington, Kentucky - The U.S. Department of Labor obtained a consent judgment ordering the former trustee of the 401(k) profit sharing plan of Lexington, Kentucky-based Holman Plumbing, Heating & Air Conditioning Inc. to restore $28,870 to the plan. The trustee allegedly failed to remit employee contributions to the plan and co-mingled the contributions with assets of the company.

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Washington, DC - The U.S. Department of Labor today expanded and simplified its Voluntary Fiduciary Correction Program (VFCP) that helps employers and their professional advisors voluntarily correct violations of the law for employee benefit plans. The new program is effective immediately and will be available during the comment period.