September 10, 2004

U.S. Labor Department Acts to Protects Employees’ 401(k) Plan Assets

Archived News Release — Caution: Information may be out of date.

San Francisco, California - To protect the 401(k) contributions of employees of now-defunct Madsen Mechanical Inc. in Ogden, Utah, the U.S. Department of Labor and the company’s former president have reached an agreement that $24,821 in debt owed to the plan cannot be discharged due to a bankruptcy filing.

September 9, 2004

Statement from the U.S. Department of Labor on the
Obey Amendment to the FY 2005 Labor-HHS Appropriations Bill

WASHINGTON—Alfred B. Robinson, Jr., Acting Administrator for the Wage and Hour Division, the agency entrusted to enforce the overtime regulations in the U.S. Department of Labor, released the following statement regarding an amendment put forward by Congressman Obey (D-WI).

September 9, 2004

Labor Department Sues Ohio Retirement Plan Officials for Misuse Of Retirement Plan Assets

Archived News Release — Caution: Information may be out of date.

Cleveland, Ohio - The U.S. Department of Labor has sued executives of the Acme Arsena Company of Cuyahoga County for allegedly transferring $765,000 in assets from the company’s retirement plan for their own benefit.

September 9, 2004

U.S. Labor Department Seeks Independent Fiduciary For Abandoned Ohio Employee Stock Ownership Plan

Archived News Release — Caution: Information may be out of date.

Cleveland, Ohio - The U.S. Department of Labor filed a lawsuit to appoint an independent fiduciary for the retirement plan of The Astatic Corporation of Conneaut, Ohio, to distribute plan assets to participants and terminate the plan.

September 9, 2004

U.S. Labor Department Sues Wisconsin Company and 401(k) Plan Administrator for Failing to Forward Contributions

Archived News Release — Caution: Information may be out of date.

Milwaukee, Wisconsin - The U.S. Department of Labor has sued Brookfield, Wisconsin-based Garrett Group L.L.C. and the administrator of its 401(k) savings plan for failing to forward employee contributions to the plan of company-owned Badger Die Casting Corporation of Milwaukee.

September 3, 2004

U.S. Department of Labor Continues Compliance
Outreach Launches Additional New Tool for the Overtime Security Rule

Launches Additional New Tool for the Overtime Security Rule

September 2, 2004

Labor Department Sues Arizona Corporation and CEO To Restore Delinquent Contributions

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

Phoenix, Arizona - The U.S. Department of Labor sued DMT Engineering, Inc. and Ductmole Inc., both of Phoenix, Arizona, and the companies’ chief executive officer for failing to timely remit employee contributions to Ductmole Inc.’s Simple IRA plan and to segregate the contributions from the general operating assets of the companies.

September 2, 2004

U.S. Department of Labor Obtains Judgment Against Shreveport Business and Owner To Restore 401(k) Employee Contributions

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

Shreveport, Louisiana - The U.S. Department of Labor has obtained a consent judgment and order requiring Carl Pons Electric Motor Service Inc. in Shreveport, Louisiana, and its owner to repay losses suffered by the company’s 401(k) plan for failing to timely remit and forward retirement contributions deducted from employees’ paychecks.

August 30, 2004

U. S. Labor Department Sponsors Seminars To Help Plan Professionals Comply With Federal Pension Law

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

August 26, 2004

Executive of Defunct Illinois Manufacturer Sued Over Delinquent 401(k) Employee Contributions

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

Chicago, Illinois - The U.S. Department of Labor today sued the former president of Bimet Corporation in Morris, Illinois, for failing to timely remit employee contributions to the company’s 401(k) profit sharing plan and retaining the assets with those of Bimet.

August 25, 2004

New Jersey Computer Consultant Sued Over Delinquent Employee Contributions

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

Newark, New Jersey - The U.S. Department of Labor sued The Learning Edge Inc. of Montvale, New Jersey, and its president for failing to properly remit more than $25,000 in employee contributions to the company’s 401(k) plan.

August 24, 2004

Website Offers Parents, School Officials
Back-to-School Benefits Information -

WASHINGTON — The U.S. Department of Labor (DOL) today began a Back-to-School campaign aimed at highlighting education- and school-related benefit programs that can be found at www.Benefits.gov, an award-winning website that enables citizens to determine their potential eligibility for more than 400 federal benefits programs and more than 200 state benefit programs.

August 24, 2004

U.S. Labor Department Sues Trustees For Abandoning Colorado 401(k) Plan

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

August 24, 2004

U.S. Labor Department Sues Owner of Now-Defunct Standard Hart Printing - Topeka-based Company Owes Pension Plan Nearly $15,000

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

Topeka, Kansas - The U.S. Department of Labor has filed an adversary complaint to require the owner of the now- defunct Standard Hart Printing Inc. of Topeka, Kansas, to pay $14,794 owed to the company’s SIMPLE IRA and health plans as restitution for employee contributions that weren’t forwarded to the plans.

August 23, 2004

Labor Department Issues Final Rule Streamlining Registration By Investment Managers To Plans

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today issued a final rule requiring state-registered investment advisers who are seeking investment manager status under federal benefits law to register electronically through the Investment Adviser Registration Depository (IARD).

August 23, 2004

U.S. Labor Department Sues to Protect Over $37,000 in 401(k) Assets For Employees of Defunct San Jose Company

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

San Francisco - The U.S. Department of Labor has filed an adversary complaint in the U.S. Bankruptcy Court for the Central District of California at Santa Barbara, to protect over $37,000 owed to the 401(k) profit sharing plan of now-closed Digital Reflection, Inc. in San Jose, California.

August 19, 2004

U.S. Labor Secretary Elaine L. Chao Addresses
Fraternal Order of Police in Warren, Mich.: Labor Secretary Highlights Benefits
of New Overtime Security Rule for First Responders

Labor Secretary Highlights Benefits of New Overtime Security Rule for First Responders

WARREN, Mich.—The Fraternal Order of Police in Warren, Mich., today welcomed U.S. Secretary of Labor Elaine L. Chao’s remarks about the proposed overtime reforms due to take effect on Aug. 23, 2004. She told the group that the new Overtime Security Rule will guarantee that more police, other first responders and millions of hard-working Americans receive overtime pay for their work.

August 19, 2004

Labor Department Solicits Nominations for 2005 ERISA Advisory Council

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

Washington, DC - 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 October 1, 2004.

August 18, 2004

U.S. Labor Secretary Elaine L. Chao Addresses
Fraternal Order of Police in Willoughby, Ohio: Labor Secretary Highlights
Benefits of New Overtime Security Rule for First Responders

Labor Secretary Highlights Benefits of New Overtime Security Rule for First Responders

Willoughby, Ohio—The Fraternal Order of Police in Willoughby, Ohio today welcomed U.S. Secretary of Labor Elaine L. Chao’s remarks about the proposed overtime reforms due to take effect on Aug. 23, 2004. Secretary Chao told the group that the new Overtime Security Rule will guarantee that more police, other first responders and millions of hard-working Americans receive overtime pay for their work.

August 17, 2004

Salvage One Leasing Company Sued Over Delinquent Retirement Contributions, Loan Repayments

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

Detroit, Michigan - The U.S. Department of Labor has sued Salvage One Leasing Company Inc. and related companies in Detroit -- along with their president -- for failing to remit or timely forward contributions and loan repayments deducted from employees’ paychecks.