Enforcement agency announces 10 criminal convictions and 9 indictments for October 2008

Web-based compilation of more than 10,000 listings designed to aid transition to civilian life

WASHINGTON — The U.S. Department of Labor has joined with the U.S. Departments of Defense and Veterans Affairs to launch a Web-based National Resource Directory to help wounded warriors identify resources available to assist them in transitioning back to civilian life.

Archived News Release — Caution: Information may be out of date.

San Francisco – The U.S. Department of Labor’s Employee Benefits and Security Administration (EBSA) will hold free, half-day workshops on December 8, 10 a.m. and 2 p.m. PST, to help employers, the employee benefit community and others better comply with federal pension law. The workshops will be held at the Ronald V. Dellums Federal Building, 1301 Clay St., 5th Floor North Tower, Conference Room H, Oakland, California.

Date of Action: Nov. 16, 2015

Type of Action: Consent Judgment

Name of Defendant: Paul Wax, Kinetic Solutions Inc. Employee Stock Ownership Plan

Allegations: An investigation by the U.S. Department of Labor's Employee Benefits Security Administration, Kansas City Regional Office, resulted in the department filing a suit in federal court alleging violations of the Employee Retirement Income Security Act.

Archived News Release — Caution: Information may be out of date.

San Francisco – The U.S. Department of Labor has sued a Stockton, California, dental manufacturer and its principals to recover nearly $28,000 in employee contributions and participant loan repayments owed to the company’s 401(k) profit sharing plan.

Archived News Release — Caution: Information may be out of date.

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Texas Department of Insurance will host a free, two-hour webcast on November 20 from 10 a.m. to noon (CST) to help employers and benefit professionals comply with the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) and the Texas Specific Continuation of Coverage.

Final rule brings two-year public process to close with common sense reforms for modern workforce

WASHINGTON — The U.S. Department of Labor will publish a final rule on Nov. 17 to update its regulations under the 15-year-old Family and Medical Leave Act (FMLA) — a measure that will help workers and their employers better understand their rights and responsibilities, and speed the implementation of a new law that expands FMLA coverage for military family members.

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

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

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Texas Department of Insurance will host a free, two-hour webcast on November 13 from 10 a.m. to noon (CST) to help employers and health professionals comply with federal and Texas state health laws.

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

Atlanta – The U.S. Department of Labor has obtained a default judgment appointing M. Larry Lefoldt as the independent fiduciary for the 401(k) plan of defunct TDH Enterprise Corp. of Morrow, Georgia.

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

San Francisco – The U.S. Department of Labor has sued Vigilance, Inc. of Sunnyvale, California, and its subsidiary Harmony Software Inc. of San Mateo, to obtain the appointment of independent fiduciaries to manage and distribute approximately $580,565.22 in assets to participants covered by the two companies’ abandoned 401(k) plans.

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

Washington – A free, two-hour webcast to help employers and pension professionals providers comply with federal and Texas state health laws will be hosted by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Texas Department of Insurance on November 6 from 10 a.m. to noon (CST). Additional webcasts are scheduled for November 13 and 20 on new health laws and guidance.

STERLING, Va. — GlobalCynex Inc., a Sterling information technology company, has agreed to pay $1,683,584 to 343 non-immigrant workers after a U.S. Labor Department investigation found the company violated the H-1B visa provisions of the Immigration and Nationality Act.

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

Old Bridge, New Jersey – The U.S. Department of Labor has filed a lawsuit to obtain appointment of an independent fiduciary to oversee the 401(k) plan of Coffman Tree Service Inc., a defunct company in Old Bridge.

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

San Francisco – The U.S. Department of Labor has sued Zenith Capital LLC of Santa Rosa, California, and its executives for allegedly investing the assets of 13 retirement plan clients in the hedge fund Global Money Management LP while receiving undisclosed incentive fees from the hedge fund’s sponsor and manager.

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

New York – The U.S. Department of Labor has obtained a court order appointing an independent fiduciary to manage the abandoned 401(k) plan of the defunct Chelsea Voice & Data Inc. of New York City.

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

New York – The U.S. Department of Labor has obtained a settlement restoring $8,590,000 to participants of the Agway Inc. 401(k) plan in DeWitt, New York, and barring plan officials and the board of directors from service to employee benefit plans for one to two years unless they complete fiduciary training. The defendants also agreed to pay a civil penalty of $859,000 plus interest to the Labor Department.

Mokena, Illinois – The U.S. Department of Labor has obtained a default judgment in federal district court in Chicago requiring the plan fiduciary of the TMG National Holdings retirement plan to restore $4,110.80 to the plan for improperly using plan assets to benefit the company.

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

Memphis, Tennessee – The U.S. Department of Labor has sued Dr. Frank H. Martin, fiduciary of the retirement plan of a cardiology clinic in Memphis, for failing to collect $116,460 in mandatory contributions owed to the Cardiovascular Specialties P.C. 401(k) Profit Sharing Plan employer 401(k) in violation of the Employee Retirement Income Security Act (ERISA).

Enforcement agency announces 3 criminal convictions, 7 indictments for September 2008