Archived News Release — Caution: Information may be out of date.

The San Francisco investment firm of McMorgan and Co. has paid more than $13.7 million, including interest, to 10 pension plans as part of a negotiated settlement, the U.S. Department of Labor announced today.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor filed a lawsuit today to appoint an independent trustee to terminate and distribute the assets of a 401(k) plan sponsored by the Hollywood, Fla.-based Carolina Fitness Equipment, Inc. (CFE).

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today announced it will not adopt a proposed non- enforcement policy affecting annual reports (Form 5500s) filed by multiemployer welfare benefit plans.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor’s Advisory Committee on Negotiated Rulemaking will hold public meetings on December 16 and 17 at the Federal Mediation and Conciliation Service at 2100 K St., N. W., Room 200, in Washington, D.C. The committee will meet from 9 a.m. to 5 p.m. each day.

Archived News Release — Caution: Information may be out of date.

The owner of the Dallas-based firm ISG State Operations, Inc. was indicted today by a Dallas County grand jury for allegedly misappropriating $6,933 in 401(k) contributions owed to the company's retirement plan.

The company processed Medicaid claims under a contract with the State of Texas and sponsored the ISG State Operations, Inc. 401(k) plan. The 401(k) plan is governed by the Employee Retirement Income Security Act (ERISA).

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor filed a lawsuit in Chicago, Ill., against Lexington Securities, Incorporated, and its plan fiduciary Paul Maton for withholding $12,608.65 of voluntary employee plan contributions in violation of the federal pension law. The Lexington Savings Incentive Plan was established on Feb. 1, 1995, as a cash or deferred profit sharing plan.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor obtained a consent judgment and order providing for more than $1.5 million to be restored to the Teamsters Local 125 Retirement Fund in Little Falls, New Jersey.

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor today granted a class exemption for purchases and sales of foreign currencies between employee benefit plans and banks or broker-dealers.

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

he U.S. Department of Labor filed a lawsuit against the owner and trustees of Building Services Unlimited, Inc., in Louisville, Ky., for failing to make requested contributions to the company’s retirement plan and paying more than fair market value for the stock contributed to the employee stock ownership plan.

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

For more information call: (202) 219-8211

The U. S. Department of Labor today sued Time Warner Inc., Time Inc. and subsidiaries of Time Inc. and officials of nine corporate pension and health plans for wrongly denying coverage by the plans to hundreds of employees. The workers were misclassified as independent contractors or temporary employees and thus were denied coverage.

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

The U. S. Department of Labor has obtained a consent judgment requiring Hull Corp. and a trustee of its employee stock ownership plan (ESOP) to pay $541,667 in restitution to the plan and to pay civil monetary penalties to the federal government for violating federal pension law.

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

The U. S. Department of Labor has proposed broadening the scope of two class exemptions allowing individual retirement accounts (IRAs) or Keogh pension plans to get free or low cost brokerage or banking services

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

The U.S. Department of Labor has obtained a consent order and judgment requiring three corporations and three trustees of the Nomali, Inc. Employees 401(k) plan in Brownsville, Tex., to repay $87,318.00 to its plan participants and beneficiaries for failure to charge the full market value on rental property and land that they authorized the plan to lease.

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

The U. S. Department of Labor has obtained a consent judgment against the trustee of a pension and health plan of a Hempstead, New York community service organization for mismanaging plan assets

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

The U.S. Department of Labor’s Pension and Welfare Benefits Administration (PWBA) has awarded two contracts to national computer firms to competitively develop its new Employee Retirement Income Security Act (ERISA) Filing Acceptance System -- known as EFAST.

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

Miletus Associates Inc. of Albuquerque, N.M. and its president agreed to fully reimburse the company’s 401(k) plan for all losses under a consent order obtained by the U. S. Department of Labor.

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

The U. S. Department of Labor has obtained a consent order and judgment that requires Richard May of Arlington Heights, Ill., to pay more than $14,000 to nine employee benefit plans and permanently bars him from servicing any employee benefit plan governed by federal pension law, except where he is a participant in the ERISA-covered plans of his employer.

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

The owner of Dallas-based Programmed for Success today was indicted by a Dallas County grand jury for misappropriating $4,044 in pension contributions owed to the company’s retirement plan.

The company is a computer programming services contractor which sponsored a salary reduction simplified employee pension plan (SARSEP). The SARSEP is governed by the Employee Retirement Income Security Act (ERISA).

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

The U. S. Department of Labor today announced appointment of the members of the newly created Negotiated Rulemaking Advisory Committee. The advisory committee was created by the department’s Pension and Welfare Benefits Administration (PWBA) to develop a proposed rule that would establish criteria and a process for determining when an employee benefit plan is established or maintained under a collective bargaining agreement.

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

For more information call: (202) 219-8211

The U.S. Department of Labor today announced a new regulation which will ensure patients a timely, fair internal review when they have a grievance against their health plan and an expedited review for urgent claims.

The proposed regulation, published Wednesday in the Federal Register: