Archived News Release — Caution: Information may be out of date.

Washington, DC - Today the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), along with the Internal Revenue Service (IRS), announced guidance for employers and plan officials relating to changes in the law that increase the amount of loan distributions permitted through 401(k) and similar employer-sponsored plans to participants affected by Hurricane Katrina.

Archived News Release — Caution: Information may be out of date.

Chicago, Illinois - The U.S. Department of Labor has sued former executives of Riscomp Industries Inc., Minneapolis, Minnesota, for mismanagement of the firm’s health plan that left plan participants and their families with more than $2.1 million in unpaid health claims.

DETROIT—Computech Inc., a Southfield, Mich., firm that places computer professionals at locations throughout the United States has agreed to pay $2,250,000 in back wages to 232 computer professionals and a $400,000 fine to settle immigration law violations, the U.S. Labor Department announced today.

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Boston, Massachusetts - Landscape Design Inc., Sudbury, Massachusetts, and its owner have restored $10,678.93 to its 401(k) plan to resolve a lawsuit filed by the U.S. Labor Department that alleged violations of the Employee Retirement Income Security Act (ERISA).

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Atlanta, Georgia - The U.S. Department of Labor has sued Joseph David Hodgin and the Labor Benefit Trust to recover more than $9,000 for a Nashville area Teamsters health benefits plan.

Archived News Release — Caution: Information may be out of date.

Boston, Massachusetts - The U.S. Department of Labor has sued Circle Trust Company (CTC) of Darien, Connecticut, to restore millions of dollars in losses on imprudent and risky investments with the Trust Advisors Stable Value Plus Fund (SVF), a collective trust administered by CTC. Circle Trust serves as a trustee to SVF, which had invested approximately $200 million from 1,500 pension plans nationwide.

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Boston, Massachusetts - Charles J. Mailman and Chasma Scientific Inc., Cambridge, Massachusetts, will restore $130,000 to the company’s profit sharing plan to resolve a U.S. Labor Department lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA).

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Grand Junction, Colorado - The U.S. Department of Labor has filed an adversary complaint in federal bankruptcy court against the owner of now-defunct Unitel, Inc., Grand Junction, Colorado, to prevent him from discharging more than $2,000 owed to participants of the company’s SIMPLE IRA plan.

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Atlanta, Georgia - In the wake of destruction in Florida from Hurricane Wilma, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500-EZ annual report/returns.

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Rochester, New York - Gary Ragan, trustee of the Flower City Insulation Savings and Investment Plan, has agreed, should he ever be able, to restore to the plan a total of $19,282, plus interest, to settle a U.S. Department of Labor lawsuit. The suit alleged violations of the Employee Retirement Income Security Act (ERISA). Rochester-based Flower City Insulation has been defunct since 2002.

WASHINGTON—U.S. Secretary of Labor Elaine L. Chao announced today that one individual, three non-profits and three businesses have been selected to receive the Secretary of Labor's New Freedom Initiative (NFI) Award for outstanding support of employment for people with disabilities.

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Chicago, Illinois - Jennifer L. Gillespie, former owner of the now-defunct Bay Technologies Inc., Green Bay, Wisconsin, has agreed to accept liability for $24,520.82 owed to the Bay Technologies 401(k) Profit Sharing Plan, the U.S. Labor Department announced today.

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Boston, Massachusetts - Joseph S. Buscone Management Inc., Milford, Massachusetts, and Joseph S. Buscone, president and treasurer of the company, have agreed to pay $110,000 to a former employee to settle a U.S. Department of Labor lawsuit alleging violations of the federal Employee Retirement Income Security Act (ERISA).

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Atlanta, Georgia - The U.S. Labor Department has obtained a court order requiring Henry A. McLarty, the former head of Atlanta-based Clarion Resources Communications Corp., to restore $17,280 in losses and interest to Clarion’s retirement savings plan.

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

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), in conjunction with the Internal Revenue Service, announced a further extension of a number of deadlines so workers and employers affected by Hurricane Katrina have additional time to make critical health coverage decisions.

WASHINGTON—The U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) clarifies recordkeeping provisions concerning who is an applicant in the context of the Internet and related technologies. The final rule published in today's Federal Register applies to federal contractors who are subject to the recordkeeping provisions of the laws enforced by OFCCP.

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Cleveland, Ohio - “Getting It Right – Know Your Fiduciary Responsibilities,” a compliance assistance seminar sponsored by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), will take place in Eastlake, Ohio, November 2 at the Radisson Hotel and Suites, Cleveland-Eastlake, 35000 Curtis Blvd.

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Washington - The three working groups of the Employee Retirement Income Security Act (ERISA) Advisory Council on Employee Welfare and Pension Benefit Plans will convene by teleconference October 19-20 to discuss reports and recommendations to be submitted to the Secretary of Labor. The teleconference will be conducted from the U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C., Room N3437A, for those who wish to attend.