March 2, 2010

U.S. Department of Labor to offer free health law seminar on March 16 and 17 in Las Vegas

Las Vegas – The U.S. Department of Labor’s Employee Benefits Security Administration and the Nevada Division of Insurance will host a free health law compliance assistance seminar on March 16 and 17 in Las Vegas at the College of Southern Nevada, Charleston Campus, 6375 W. Charleston Blvd., Room D-101.

March 2, 2010

U.S. Labor Department secures appointment of independent fiduciary for 401(k) plan of defunct Cherry Hill, New Jersey, company

Cherry Hill, New Jersey — The U.S. Department of Labor has obtained a court order appointing Jacqueline Carmichael as the independent fiduciary of the 401(k) plan of ABC Wireless Inc., a defunct company formerly located in Cherry Hill. The court order gives Carmichael authority to terminate the plan and distribute plan assets to participants and beneficiaries.

February 26, 2010

U.S. Labor Department rules to improve retirement security announced as part of White House Middle Class Task Force's year-end report

Washington – Today, at a White House forum hosted by Vice President Joe Biden, the U.S. Department of Labor announced two new rules designed to enhance retirement security and transparency for the millions of workers covered by 401(k), pension and other retirement arrangements. The announcement was part of the White House Middle Class Task Force's year-end report, which the vice president released at this morning's event.

February 26, 2010

U.S. Labor Department sues to protect Utah retirement assets in bankruptcy proceeding

U.S. Labor Department sues to protect Utah retirement assets in bankruptcy proceeding

Salt Lake City – The U.S. Department of Labor has filed an adversary complaint in federal bankruptcy court in Utah to prevent Victor Jay Miller from discharging $26,964.51 in employee contributions owed to the Allwest Sales & Service Salary Reduction Simplified Employee Pension Plan.

February 25, 2010

Pension agency achieves $1.36 billion in results for employee benefit plans in fiscal year 2009

Washington - The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced monetary results of $1.36 billion in fiscal year 2009 for retirement, health, and other employee benefits plans governed by the Employee Retirement Income Security Act (ERISA).

EBSA closed 3,669 civil investigations in FY 2009. In over 72% of those cases, the agency found violations and obtained correction. Criminal offenses involving employee benefit plans led to indictment of 115 individuals.

February 22, 2010

Employee Benefits Security Administration announces outreach and compliance assistance for 403(b) plans

Washington – The U. S. Department of Labor's Employee Benefits Security Administration (EBSA) announced new outreach and compliance assistance efforts for 403(b) pension plans subject to Title I of the Employee Retirement Income Security Act (ERISA). The initiatives are part of the agency's ongoing compliance assistance program to help employers, plan officials and service providers.

February 19, 2010

U.S. Department of Labor obtains agreement with Mississippi accountant to refrain from acting as fiduciary to ERISA-covered employee benefit plans

Meridian, Mississippi – The U.S. Department of Labor has entered into a settlement agreement with Grady Coleman of Meridian that requires the certified public accountant to refrain from present and future service as a fiduciary or service provider to any employee benefit plan governed by the Employee Retirement Income Security Act (ERISA).

February 19, 2010

Texas business owner sued by U.S. Department of Labor over misuse of 401(k) contributions and loan repayments

Dallas – The U.S. Department of Labor has sued the owner of defunct TMPR Inc. of Dallas for improperly using employee contributions and loan repayments owed to the Cliff Management 401(k) Plan for the benefit of the company.

“Employers and their executives will be held accountable by the Labor Department when they misuse the hard-earned retirement assets of America’s workers and retirees,” said Roger Hilburn, director of the Dallas Regional Office of the department’s Employee Benefits Security Administration (EBSA).

February 9, 2010

U.S. Labor Department publishes employer notices on Medicaid and CHIP programs

Washington – The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today released a model notice that will enable employers to provide information on eligibility for premium assistance under Medicaid or the Children's Health Insurance Program (CHIP).

February 8, 2010

U.S. Labor Department to sponsor free workshops in Boise, Idaho, on complying with federal pension law

San Francisco – The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) will hold two free half-day workshops in Boise, Idaho, on Wednesday, Feb. 17, to help employers and plan administrators of pension and health plans better understand and comply with the Employee Retirement Income Security Act.

The workshops will be held at the James A. McClure Federal Building/U.S. Courthouse located at 550 West Fort St., Room 311. They will begin at 10 a.m. and 2 p.m. MST.

February 2, 2010

U.S. Labor Department seeks public comments on lifetime income options for retirement plans

Washington – The U.S. Departments of Labor and the Treasury today announced the publication of a request for information (RFI) soliciting public comments to assist the agencies in determining what steps to take to enhance retirement security for workers in employer-sponsored retirement plans through lifetime annuities or other arrangements that provide a stream of income after retiring. The RFI appears in today’s edition of the Federal Register.

January 29, 2010

Obama Administration issues rules requiring parity in treatment of mental, substance use disorders

Washington – The U.S. Departments of Labor, Health and Human Services (HHS), and the Treasury today jointly issued new rules providing parity for consumers enrolled in group health plans who need treatment for mental health or substance use disorders.

January 29, 2010

U.S. Secretary of Labor Hilda L. Solis announces new appointments and leadership to 2010 ERISA Advisory Council

Washington – Secretary of Labor Hilda L. Solis today announced the appointment of five new members and new leadership to the 2010 Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council.

“We appreciate the council members’ contribution of time and expertise in working on issues that affect the retirement and health benefits of America’s workers,” said Secretary Solis.

January 28, 2010

U.S. Labor Department releases online datasets of 1999 to 2008 form 5500 filings

Washington – The U.S. Department of Labor's Employee Benefits Security Administration today announced that the general public can now access online datasets of Form 5500 annual report/returns for approximately 800,000 retirement, health and other employee benefit plans that cover the plan years 1999 through 2008.

January 25, 2010

U.S. Labor Department obtains default judgment and appointment of independent fiduciary for 401(k) plan abandoned by Buffalo, New York, employer

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 Digitel Solutions for Business Inc. or Empire Telecom Systems Corp., formerly located in Buffalo, New York.

January 22, 2010

U.S. Labor Department sues fiduciary of ERISA-covered plan sponsored by Columbus, Indiana-based company

Columbus, Indiana – The U.S. Department of Labor has sued the owner of Hoosier Foot & Ankle LLC, a non-surgical foot and ankle care business in Columbus, for failure to carry out his fiduciary duty to monitor the service provider to the company’s 401(k) plan in violation of the Employee Retirement Income Security Act (ERISA).

January 20, 2010

U.S. Labor Department announces updated model notices and webcast on extension of COBRA subsidy

Washington – The U.S. Department of Labor has released three model notice packages that will enable group health plans and employers to provide notice on the availability of the extension of the Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage premium reductions under the American Recovery and Reinvestment Act (Recovery Act). A free webcast will be held on Jan. 22, from 1 to 3 p.m. (EST) to help employers, plan administrators and service providers comply with the notice requirements.

January 19, 2010

U.S. Department of Labor sues defunct Lewes, Del., company to protect participants of abandoned retirement plan

Lewes, Del. – The U.S. Department of Labor has filed a lawsuit to obtain appointment of an independent fiduciary to oversee the 401(k) plan of Keystone Professional Employers Inc., a defunct company formerly located in Lewes.

"Denying workers access to their retirement savings will not be tolerated by the Labor Department," said Mabel Capolongo, director of the department's Employee Benefits Security Administration (EBSA) in Philadelphia. "Employers cannot abandon 401(k) plans when a company goes out of business."

January 19, 2010

U.S. Department of Labor sues defunct Dallas, Pa., company and its owner to recover benefit plan assets

Dallas, Pa. – The U.S. Department of Labor has sued Raymond Woronowicz, former president of The Business Alliance Inc., for failing to deposit employee contributions into the company's employee benefit plan in violation of the Employee Retirement Income Security Act (ERISA). The Dallas company ceased operations in or around January 2006.

January 15, 2010

U.S. Labor Department investigation results in defunct Memphis, Tenn., heating and air conditioning maintenance company being removed as plan fiduciary

Memphis, Tenn. – The U.S. Department of Labor has obtained a default judgment requiring that Stephens Brothers Inc. be removed as fiduciary of the former Memphis company's 401(k) plan.

The order, issued by the U.S. District Court for the Western District of Tennessee, found that Stephens Brothers Inc. violated provisions of the Employee Retirement Income Security Act (ERISA).

The judgment appoints an independent fiduciary to terminate the plan and distribute assets of approximately $692,000 to the plan participants.