Archived News Release — Caution: Information may be out of date.

New York, New York - The U.S. Department of Labor has obtained a federal court order appointing Jacqueline Carmichael as the independent fiduciary to manage the abandoned 401(k) plan of IFrame, Inc., New York, New York.

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Detroit, Michigan - The U.S. Department of Labor has sued former president of now-defunct Application Technology Group Inc., Oakland County, Michigan, for failing to terminate the company’s 401(k) plan so that assets could be distributed to plan participants.

Archived News Release — Caution: Information may be out of date.

Archived News Release — Caution: Information may be out of date.

Buffalo, New York - The U.S. Department of Labor has obtained a federal court order appointing an independent fiduciary to manage the abandoned retirement plan of the Geneva B. Scruggs Community Health Care Center of Buffalo.

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Minneapolis, Minnesota - The U.S. Department of Labor has filed an adversary complaint against Donald O. Sachs, president and sole owner of The Stitchery Studio Inc., Burnsville, Minnesota. The suit seeks to prevent Sachs from discharging a debt of $1,218.62 owed to the company’s 401(k) plan.

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New York, New York - The U.S. Department of Labor has filed suit in the U.S. District Court for the Southern District of New York to appoint an independent fiduciary to administer the abandoned 401(k) plan originally sponsored by WP Ford LLC of White Plains, New York.

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Chicago, Illinois - The U.S. Department of Labor sued Rodney G. Stepleton and Eddie E. Ruble, owners of Stepleton & Ruble Steel Inc., Baltimore, Ohio, for failing to forward employee contributions to the company’s pension plan and to segregate plan contributions from the general operating assets of the company, as part of a lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA).

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Albany, New York - The U.S. Department of Labor has filed suit in the U.S. District Court for the Northern District of New York to appoint an independent fiduciary to administer the abandoned 401(k) plan originally sponsored by Green Appliances Inc. of Latham, New York.

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Atlanta, Georgia - The U.S. Department of Labor has sued National Workforce Inc., Leesburg, Georgia, and two of its executives for mismanagement of the firm’s employee health plan.

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Detroit, Michigan - The U.S. Department of Labor filed suit asking the federal district court in Detroit to appoint an independent trustee for the abandoned retirement plan of Zimm’s Vacuum Cleaner Company Inc., Livonia, Michigan, which ceased doing business in 2002.

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Evansville, Indiana - The U.S. Department of Labor has obtained a settlement restoring $6,203.94 to the J. Smith and Company Inc. Simple IRA Plan. The agreement also ensures that the plan’s fiduciary will secure a fidelity bond and keep it active throughout the life of the retirement plan, as required by the Employee Retirement Income Security Act.

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Atlanta, Georgia - The U.S. Department of Labor has sued Bowen Electric Company and owners, Jimmy T. Bowen and Sandra O. Bowen, to restore more than $33,400 to participants in the Gadsden, Alabama, company’s profit sharing plan.

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San Francisco, California - Two former executives of Manna Consultants, an Oakland, California-based corporation, have agreed to restore $75,000 in employee assets to the company’s 401(k) plan. The judgment resolves a 2004 lawsuit filed by the U.S. Labor Department which sought $57,451 plus interest for 20 former employees who were plan participants.

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Washington, DC - The U.S. Department of Labor today announced final rules requiring administrators of multiemployer pension plans to furnish annually a notice on the funding status of the plans under provisions of the Pension Funding Equity Act of 2004.

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Fort Wayne, Indiana - U.S. Assistant Secretary of Labor Ann L. Combs spoke to the Northern Indiana ASPPA Benefits Council in Fort Wayne, Indiana, today highlighting the Bush Administration’s economic policies and the retirement and health care issues critical to America’s workers, retirees and their families.

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Portland, Oregon - The U.S. Department of Labor has obtained a consent judgment in which funds will be restored to the Litho Development and Research Inc.’s employee stock ownership plan to cover losses resulting from fiduciary breaches by Ralph Johnson, the company's president, chief executive officer and the plan's trustee.

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New York, New York - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) in New York City will hold a seminar to assist employers, pension plan administrators and other benefit professionals comply with federal employee benefits law. The seminar will be held January 13, 2006, at the Broad Financial Center, 33 Whitehall Street, 11th Floor Conference Room.

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Atlanta, Georgia - The Gary M. Hochberg CLU Insurance Agency of Hollywood, Florida, and the trustee of its pension plan, have been ordered to restore almost $108,000 to the plan as restitution for improper transfers of plan assets. The order resulted from a lawsuit filed by the U.S. Department of Labor.

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San Francisco, California - The U.S. Department of Labor has sued Paramount, California-based International Union of Public and Industrial Workers (IUPIW) Canadian Benefit Fund and its trustees for more than $1.2 million to cover unpaid health care claims due more than 2,000 workers and their families nationwide.

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Atlanta, Georgia - The U.S. Department of Labor has obtained a judgment requiring the Service and Business Workers of America Local 125, located in Juno Beach, Florida, to pay $11 million in unpaid health claims owed to union members and their families. The judgment also bars the union from service as a fiduciary to any employee benefit plan in the future.