Atlanta – The U.S. Department of Labor has sued Floyd Seibert for violations of the Employee Retirement Income Security Act (ERISA).

Filed in the U.S. District Court for the Middle District of Florida, the complaint alleges that the defendant violated his fiduciary responsibilities when he failed to discharge his duties with respect to the Central Home Care Services 401(k) pension plan by engaging in prohibited transactions.

Washington – The Advisory Council on Employee Welfare and Pension Benefit Plans (known as the ERISA Advisory Council) will convene by teleconference September 29 to discuss reports and recommendations on topics to be submitted to the secretary of labor.

Twinsburg, Ohio – The U.S. Department of Labor has sued the former president and fiduciary to the 401(k) retirement plan of Precision Funding Corp., a mortgage broker, for improperly using plan assets withheld from employees’ pay for the benefit of the company, in violation of the Employee Retirement Income Security Act (ERISA).

Washington - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today released Field Assistance Bulletin (FAB) 2009-03 that describes the circumstances under which a participant-directed individual account plan may satisfy the prospectus delivery requirements of section 404(c) of the Employee Retirement Income Security Act by furnishing a “Summary Prospectus” pursuant to requirements established by the Securities and Exchange Commission (SEC).

New York - The U.S. Department of Labor has filed a lawsuit in U.S. District Court for the Western District of New York seeking the appointment of an independent fiduciary to oversee the abandoned 401(k) plan of defunct Digitel Solutions for Business Inc. or Empire Telecom Systems Corp., formerly located in Buffalo, New York .

Washington —The U.S. Department of Labor has proposed a regulation to assess civil penalties against plan sponsors of multiemployer defined benefit pension plans that fail to adopt a funding improvement or rehabilitation plan in accordance with the Employee Retirement Income Security Act (ERISA) as amended by the Pension Protection Act (PPA).

Washington – The Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will hold meetings September 15 through 17 in Washington, D.C., at the U.S. Department of Labor, 200 Constitution Avenue N.W., Room N-3437A-B.

New York – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a free workshop on September 24 from 10 a.m. to 1 p.m. EDT to help employers, the employee benefit community and others better comply with federal pension law. The workshop will be held at Plaza 35, 1030 St. George’s Avenue, Suite 205 in Avenel, New Jersey.

New York - The U.S. Department of Labor has filed a lawsuit asking the U.S. District Court for the Eastern District of New York to appoint an independent fiduciary to oversee the abandoned 401(k) plan of defunct Community Home Mortgage Corp., formerly located in Melville, New York.

Coshocton, Ohio – The U.S. Department of Labor has sued an officer and fiduciary to the savings incentive match plan for employees individual retirement account (SIMPLE IRA) plan of Pharmaceutical Alternatives Inc. of Coshocton for improperly using plan assets withheld from employees’ pay for the benefit of the company as well as other violations of the Employee Retirement Income Security Act (ERISA). The company also does business as Three Rivers Infusion Option Care.

Pittsburgh – The U.S. Department of Labor has sued Patrick P. Bane, president of defunct Comtel Communications, to recover employee contributions owed to the company’s 401(k) retirement plan.

Boston – The U.S. Department of Labor has obtained a default judgment appointing Corporate Benefits Co. (CORBCO) of Boston, Massachusetts, as the independent fiduciary to manage the abandoned 401(k) plan of defunct TRITECH Information Strategies Inc., formerly of Kennebunk, Maine.

Atlanta – The U.S. Department of Labor has sued ZNET Financial Services, Abby Paschal and Farbod Zohouri for violating provisions of the Employee Retirement Income Security Act (ERISA).

Somerset, Pennsylvania — A federal district court has found James Sujansky, trustee of the Super City Sports Sales Inc. 401 (k) Profit Sharing Plan, in contempt of court for failing to comply with a court order directing him to produce documents subpoenaed during an investigation by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA).

Atlanta — The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company’s pension and profit sharing plan trustees for allegedly misusing $898,259.69 in plan assets to pay the operating expenses of the company.

Boston – The U.S. Department of Labor has sued trustees Michael McLaughlin and William J. Frasier for allegedly misusing $312,555.71 in retirement assets of three Mendon, Massachusetts, pension plans, in violation of the Employee Retirement Income Security Act (ERISA).

Chicago — The U.S. Department of Labor has obtained a consent judgment and order requiring the former president of Chicago-based AA Capital Partners Inc. to restore $50 million in losses to five Michigan pension funds as restitution for misuse of the plans’ assets to benefit the investment firm and himself. The judgment also bars defendant John Orecchio from serving in a fiduciary or service provider capacity to any employee benefit plan governed by the Employee Retirement Income Security Act (ERISA).

Chattanooga, Tennessee – The U.S. Department of Labor has obtained a consent judgment and settlement agreement requiring Tim Manson to restore $35,415 to Standard Coosa Thatcher (SCT) Yarns’ retirement plans for salaried and hourly employees.

Washington – The U.S. Department of Labor is soliciting nominations to fill five three-year vacancies on the Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council. The deadline for receipt of nominations is September 15, 2009.

Atlanta — The business manager of Jasper Anesthesia Care Inc. in Jasper, Alabama, was ordered by the U.S. District Court for the Northern District of Alabama in Jasper to pay of $46,844.79 in restitution to the company’s profit-sharing plan plus a $100 special assessment. Haze Edward Persons also was sentenced to 10 months in prison followed by three years of supervised release.