July 17, 2008

U.S. Labor Department sues to restore more than $3.4 million to pay unpaid health claims of Texas benefit fund

Archived News Release — Caution: Information may be out of date.

San Francisco — The U.S. Department of Labor has sued a purported employer association, a health fund trustee, and the fund’s consultant over alleged imprudent management of the Manufacturing and Industrial Workers Benefit Fund (MIWU) of Bryan, Texas. The defendants’ actions allegedly resulted in more than $3.4 million in unpaid health claims affecting participants in Arizona, California, Florida, Georgia, Illinois, Texas and other states.

July 16, 2008

U.S. Labor Department obtains appointment of independent fiduciary for abandoned 401(k) plan of Waterbury, Connecticut company

Archived News Release — Caution: Information may be out of date.

New Haven – The U.S. Department of Labor has obtained a federal court order appointing an independent fiduciary to manage the abandoned 401(k) plan of defunct VA Construction LLC of Waterbury, Connecticut.

July 15, 2008

U.S. Labor Department seeks to restore employee contributions owed to Salina, Kansas 401(k) and health plans

Archived News Release — Caution: Information may be out of date.

Salina, Kansas – The U.S. Department of Labor has sued the trustees of the 401(k) and health plans of defunct B&W Electrical Contractors Inc. (formerly of Salina) for failure to forward $22,670.22 in employee contributions to the 401(k) plan and $7,584.82 in health care premiums to the health plan.

July 15, 2008

U.S. Labor Department protects 401(k) plan assets of former American Systems Consulting Inc. employees in Dublin, Ohio

Dublin, Ohio – A federal district court in Columbus has granted the U.S. Department of Labor a consent judgment to distribute more than $600,000 in 401(k) assets owed to former workers of American Systems Consulting Inc. of Dublin.

July 14, 2008

U.S. Department of Labor issues guidance on Schedule C reporting for 2009 Form 5500

Archived News Release — Caution: Information may be out of date.

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced guidance to help plan administrators and service providers comply with the new requirements for reporting service provider fee and compensation information applicable to Form 5500 Annual Returns/Reports filed for plan years beginning on or after January 1, 2009.

July 10, 2008

U.S. Labor Department recovers funds owed to Toledo-based Tana Corp. retirement savings plan

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

Toledo, Ohio – The U.S. Department of Labor has obtained a consent judgment restoring more than $25,000 owed to the retirement savings plan of Tana Corp. in Toledo as resolution of its lawsuit against the company and plan fiduciary Sharon Scherkoske.

July 9, 2008

U.S. Department of Labor secures more than $117,000 for participants of Ligonier, Pennsylvania 401(k) plan

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

Ligonier, Pennsylvania – William R. McAnulty, trustee of the E.R. Caldwell Land Clearing Contractors Inc.’s 401(k) Profit Sharing Plan in Ligonier has agreed to restore $117,477 to the plan to resolve a lawsuit filed by the U.S. Department of Labor.

July 2, 2008

U.S. Labor Department sues former South Carolina executive to recover more than $44,000 for American Fittings SIMPLE IRA

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

Atlanta – The U.S. Department of Labor has sued Carl E. Reid, a corporate officer of defunct American Fittings Inc., for violating the Employee Retirement Income Security Act (ERISA) by failing to remit employee contributions to the company’s Savings Incentive Match Plan for Employees individual retirement account (SIMPLE IRA).

June 30, 2008

U.S. Labor Department obtains court approval of settlement restoring $2.2 million to Delphi Corp. retirement plan

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

NEW YORK — The U.S. Department of Labor and Troy, Mich.-based Delphi Corp. have obtained approval of settlement by the U.S. bankruptcy court in New York that allows the government to recover more than $2.2 million in retirement plan assets owed to the Delphi Personal Savings Plan for Hourly Employees in the United States.

June 27, 2008

U.S. Labor Department solicits nominations for 2009 ERISA Advisory Council

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

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 August 31, 2008.

June 27, 2008

U.S. Department of Labor’s ERISA Advisory Council schedules meetings for July 2008

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

Washington – The Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Council) and its three working groups will meet July 15 to17 in Washington, D.C., at the U.S. Department of Labor, 200 Constitution Avenue NW, Room C5515-4.

June 26, 2008

U.S. Department of Labor sues fiduciaries of Dadeville, Alabama employee leasing company to restore more than $200,000 to pension plan

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

Atlanta – The U.S. Department of Labor has sued Professional Employee Leasing Inc. in Dadeville, Alabama, Louie Sims and Judy Sims to recover more than $200,000 allegedly diverted by the defendants from the company’s money purchase pension plan in violation of the federal Employee Retirement Income Security Act (ERISA).

June 26, 2008

U.S. Labor Department testifies before House Ways and Means subcommittee about employer-sponsored individual retirement arrangements

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

Washington – Bradford P. Campbell, assistant secretary of labor for the Employee Benefits Security Administration (EBSA), today testified before the House Ways and Means Subcommittee on Select Revenue Measures about the department’s programs to protect and promote retirement security for employer-sponsored individual retirement arrangements (IRAs).

June 25, 2008

Trustees of Queens, New York union benefit plans ordered to pay $250,000 to resolve U.S. Labor Department lawsuit

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

New York – Trustees of the welfare, annuity and pension funds of the Material Yard Workers Local 1175, Laborers International Union of North America (LIUNA), Howard Beach, New York, must restore approximately $227,000 to the plans and pay nearly $23,000 in civil monetary penalties, according to a consent judgment obtained by the U.S. Department of Labor.

June 24, 2008

Former president of Fine Line Drywall, Keene, New Hampshire pleads guilty to theft of employee IRA funds

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

Keene, New Hampshire – Mark R. Blanchard, the former president of defunct Fine Line Drywall Inc. of Keene, has pled guilty to two counts of theft by misapplication of property exceeding $48,000 in the New Hampshire Superior Court in Keene.

June 23, 2008

U.S. Labor Department Seeks Independent Fiduciary For Abandoned 401(k) Plan

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

Binghamton, New York - The U.S. Department of Labor has filed a lawsuit to appoint an independent fiduciary for the 401(k) plan of the Tier Electric Corporation in Johnson City, New York, to distribute the plan’s assets and terminate the plan.

June 23, 2008

U.S. Department of Labor sues president of Nashville music entertainment company to recover employee benefit contributions

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

Atlanta – The U.S. Department of Labor has sued William Taylor, president of Nashville, Tennessee-based Homeland Entertainment Group, for failure to forward employee contributions to the company’s retirement plan in violation of the Employee Retirement Income Security Act (ERISA).

June 19, 2008

U.S. Labor Department secures 401(k) plan assets for Merchants Publishing Co. employees in Kalamazoo, Michigan

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

Kalamazoo, Michigan – A federal district court in Grand Rapids, Michigan has granted a consent judgment to the U.S. Department of Labor that allows more than $170,000 in 401(k) assets recovered in a criminal action to be distributed to former workers of Merchants Publishing Co. Inc. in Kalamazoo.

June 19, 2008

U.S. Department of Labor to host June 25 web cast on recent regulations and guidance

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

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will host a free web cast June 25 to help employers and plan administrators understand recent regulatory and interpretative guidance under the Employee Retirement Income Security Act (ERISA).

June 18, 2008

U.S. Labor Department sues to appoint independent fiduciary for 401(k) plan abandoned by New York City company

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

New York – The U.S. Department of Labor has filed a lawsuit asking the U.S. District Court for the Southern District of New York to appoint an independent fiduciary to oversee the abandoned 401(k) plan of defunct Chelsea Voice & Data Inc. of New York City.