November 30, 2006

U.S. Labor Department Sues Iowa Association to Recover Millions in Employee Benefit Plan Assets

Archived News Release — Caution: Information may be out of date.

Des Moines, Iowa - The U.S. Department of Labor filed a lawsuit against the Iowa Association of Business and Industry (ABI), Des Moines, Iowa, for retaining all the proceeds from a stock distribution by Principal Mutual Insurance Co. that was based on employee benefit plan premiums paid to the insurer by employers participating in the association and their employees. Approximately 1,500 employers are members of the trade association.

November 29, 2006

U.S. Labor Department Obtains Appointment of Independent Fiduciaries for Abandoned Providence, Rhode Island, Pension Plan

Archived News Release — Caution: Information may be out of date.

Providence, Rhode Island - The U.S. Department of Labor has obtained a court order appointing two independent fiduciaries to manage the abandoned pension plan originally sponsored by Providence, Rhode Island-based Arnold Kilberg & Company (AK&C) and owner Arnold Kilberg.

November 27, 2006

U.S. Labor Department Sues Baltimore Co. for Failing to Distribute 401(K) Funds After It Went Out of Business

Archived News Release — Caution: Information may be out of date.

Baltimore - The U.S. Labor Department has sued the King Tile Co., Baltimore, Maryland, for failing to administer and terminate the company’s 401(k) plan so that assets could be distributed to plan participants.

November 27, 2006

U.S. Labor Department Obtains Default Judgment Appointing Independent Trustee for Abandoned Cincinnati 401(k) Plan

Archived News Release — Caution: Information may be out of date.

Cincinnati - The U.S. Department of Labor has obtained a default judgment appointing an independent trustee to manage the 401(k) plan of Cincinnati Armature Works Inc. The trustee will terminate the plan and distribute its assets to eligible plan participants.

November 27, 2006

U.S. Labor Department Obtains Agreement Restoring Assets to Abandoned Utah 401(k) Plan

Archived News Release — Caution: Information may be out of date.

St. George, Utah - The U.S. Department of Labor has reached an agreement with the president of St. George, Utah-based Marketing Solutions International Inc. (MSI) restoring $17,161.76 in assets and interest owed to the company’s 401(k) plan.

November 21, 2006

U.S. Labor Department Obtains Judgment Removing 401(k) Trustee and Appointing Independent Fiduciary to Manage Plan

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

Atlanta - The U.S. Department of Labor today announced court orders appointing M. Larry Lefoldt of Ridgeland, Mississippi, to manage and terminate the 401(k) plan of Computer Consulting Services Co. in Atlanta and ordering the plan’s trustee to cooperate in transferring plan management to the independent fiduciary.

November 20, 2006

U.S. Labor Department Sponsors Free Compliance Assistance Seminar for Retirement Plan Fiduciaries in Sacramento

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

Sacramento, California - “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 Sacramento, December 5 at the Red Lion Hotel Sacramento, 1401 Arden Way.

November 20, 2006

U.S. Department of Labor Offers Free Health Law Compliance Seminar December 6-7 in Denver

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

Denver - A free health law compliance assistance seminar, sponsored by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Colorado Division of Insurance, will take place December 6-7 in Denver at the Adam’s Mark Hotel, 1550 Court Place.

November 16, 2006

U.S. Department of Labor Announces Settlement With Former Enron Executive Jeffrey Skilling

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

November 15, 2006

U.S. Department of Labor Recognizes Six Organizations
for Creating Opportunities in the Workplace

WASHINGTON — For their efforts to promote equal employment opportunity, six companies and organizations were recognized today by the U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) at an annual awards ceremony hosted by Labor Secretary Elaine L. Chao.

November 13, 2006

U.S. Department of Labor Forms Alliance with SHRM
to Promote Employment of Workers with Disabilities

WASHINGTON — The Office of Disability Employment Policy (ODEP) of the U.S. Department of Labor and the Society for Human Resource Management (SHRM) recently established an alliance to encourage and promote the employment of people with disabilities.

The formal alliance, a first for ODEP with a major organization, will ensure that SHRM and ODEP stakeholders collaborate in this national effort by providing information, guidance, and access to resources.

November 9, 2006

Florida Insurance Agency and Owner Held in Contempt of Court for Failure to Pay Restitution Owed to Pension Plan

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

November 3, 2006

U.S. Labor Department Sponsors Free Compliance Assistance Seminar for Retirement Plan Fiduciaries in Milwaukee

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

Milwaukee - “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 Brookfield, Wisconsin, November 8 at the Sheraton Milwaukee Brookfield, 375 South Moorland Road.

November 2, 2006

Philadelphia Outreach to Help Workers with Retirement Planning to Be Held November 15 and 16

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

Philadelphia - “Why Go Broke? – Retirement Planning for the 21st Century Worker” will take place November 15 and 16 to give Philadelphia-area workers and families the opportunity to discuss retirement-related questions with federal government experts and plan for a secure retirement.

November 2, 2006

U.S. Labor Department Sues D.C. Attorney for Alleged Violations Involving 2 Pension Plans of Bankrupt Tennessee Company

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

Atlanta - The U.S. Department of Labor has sued a District of Columbia lawyer for his participation in the improper transfer of the assets of two pension plans sponsored by bankrupt SCT Yarns Inc. headquartered in Chattanooga, Tennessee.

October 30, 2006

U.S. Labor Department Finalizes Amendment On Securities Lending Exemption

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

Washington, DC - The U.S. Department of Labor's Employee Benefits Security Administration today announced adoption of a final class exemption expanding the opportunities for securities lending between employee benefit pension plans, banks and broker-dealers.

October 30, 2006

U.S. Labor Department Asks Bankruptcy Court to Release 401(k) Contributions

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

Springfield, Massachusetts - The U.S. Department of Labor has petitioned the federal bankruptcy court in Springfield to release 401(k) plan contributions withheld from the paychecks of employees of bankrupt N&B Express Inc. from the company’s bankruptcy estate.

October 30, 2006

Labor Department Sues Officers of Lansing, Michigan Business To Restore Delinquent Contributions to Company’s Retirement Savings Plan

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

Lansing, Michigan - The U.S. Department of Labor has sued Allen Christian and Peggy Christian, officers of Omnitec Architectural Specialties, Inc., Lansing, Michigan, for failing to forward employee contributions to the company’s pension plan and to segregate the plan contributions from the general operating assets of the company.

October 30, 2006

U.S. Labor Department Sues to Appoint Independent Fiduciary to Manage Abandoned Mineola, New York, 401(k) Plan

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

New York, New York - The U.S. Department of Labor has sued to obtain court appointment of an independent fiduciary to manage the abandoned 401(k) profit sharing plan of the Mineola, New York-based Hagedorn Actuarial Services Inc. The suit also seeks to distribute more than $48,000 in plan assets to eligible participants and beneficiaries.

October 27, 2006

Employee Benefits Security Administration Releases Second Field Assistance Bulletin on Health Savings Accounts

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

Washington - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today released Field Assistance Bulletin (FAB) 2006-02 that provides guidance to field investigators on recurring questions about the guidance in FAB 2004-1 and evolving practices regarding the offering of health savings accounts (HSAs) in the workplace.