Employee Benefits Security Administration

January 14, 1998

EBSA Press Release: Labor Department Announces Procedure for State-Registered Investment Advisers to Obtain ERISA Investment Manager Status [01/14/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921

The U.S. Department of Labor today announced a new procedure state-registered investment advisers must follow in order to obtain investment manager status under federal pension law.

January 9, 1998

Ohio Businessman Sentenced For Embezzling Pension Assets

Archived News Release — Caution: Information may be out of date.

A Macksburg, Ohio businessman, Paul M. Hetrick, was sentenced today to two years of probation and 4 months’ home incarceration by electronic monitoring. Hetrick has agreed to make full restitution of $23,310 to the plans.

November 25, 1997

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

Archived News Release — Caution: Information may be out of date.

November 25, 1997

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

Archived News Release — Caution: Information may be out of date.

Contact Name: Sharon Morrissey
Phone Number: 202.219.8921

The U.S. Department of Labor has issued a final rule governing the timing of deposits by employers of participant contributions to Savings Incentive Match Plans for Employees (SIMPLE plans) involving Individual Retirement Accounts (IRAs).

November 24, 1997

EBSA Press Release: Department of Labor Promotes Retirement Savings Through SAVER Act [11/24/1997]

Archived News Release — Caution: Information may be out of date.

November 24, 1997

EBSA Press Release: Department of Labor Promotes Retirement Savings Through SAVER Act [11/24/1997]

Archived News Release — Caution: Information may be out of date.

For more information call: 202/219-8211

President Bill Clinton has signed into law the Savings Are Vital to Everyone Retirement Act of 1997, known as the "SAVER Act." The SAVER Act will promote awareness of the importance of retirement savings through a series of outreach programs to be spearheaded by the U.S. Department of Labor.

November 10, 1997

EBSA Press Release: Labor Department Announces Procedure for State-Registered Investment Advisers to Obtain ERISA Investment Manager Status [01/14/1998]

For more information call: (202) 219-8921

Ohio Businessman Sentenced For Embezzling Pension Assets

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

EBSA Press Release: Department of Labor Promotes Retirement Savings Through SAVER Act [11/24/1997]

EBSA Press Release: Department of Labor Promotes Retirement Savings Through SAVER Act [11/24/1997]

For more information call: 202/219-8211

EBSA Press Release: Labor Secretary Alexis Herman Calls for Hearings on 401(K) Fees [11/10/1997]

EBSA Press Release: Labor Secretary Alexis M. Herman Stresses the Importance of Retirement Savings [10/28/1997]

EBSA Press Release: ERISA Advisory Council to Hold Public Meetings in November [10/23/1997]

EBSA Press Release: Labor Department Reopens Nomination Period for Employee Benefits Advisory Council [10/17/1997]

EBSA Press Release: Labor Department Seeks Public Comment on 401(k) Plan Fees at November Hearing [10/16/1997]

EBSA Press Release: Labor Department Extends Nomination Period For Employee Benefits Advisory Council [10/01/1997]

EBSA Press Release: ERISA Advisory Council To Hold Public Meetings In October [09/25/1997]

Labor Department Settles Lawsuit Against California Company Over Unpaid Health Claims

Philadelphia Plan Trustee is Sentenced to Six Months for Embezzlement

EBSA Press Release: Labor Department Requests Information On Notice Provisions Of Cobra Coverage [09/23/1997]

Laborer's Fund Administrator Pleads Guilty to Pension Fraud

EBSA Press Release: ERISA Advisory Council to Hold Public Meetings in September [08/22/1997]

EBSA Press Release: Pension Agency Names Director of Enforcement [08/19/1997]

EBSA Press Release: New Law Eliminates Certain Employee Benefit Plan Filing Requirements [08/08/1997]