September 19, 2005

U. S. Labor Department Helps Hurricane Katrina Victims Preserve Health Benefits

Archived News Release — Caution: Information may be out of date.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 an extension of a number of deadlines related to health plan coverage, giving workers and employers affected by Hurricane Katrina additional time to make critical decisions regarding health coverage. 

September 15, 2005

U.S. Labor Department Action Helps Hurricane Victims [0

WASHINGTON—Today the U.S. Department of Labor's Office of Labor - Management Standards (OLMS) issued guidance for unions in the areas affected by Hurricane Katrina regarding the reporting requirements under Section 201 of the Labor-Management Reporting and Disclosure Act of 1959 (LMRDA).

September 15, 2005

U.S. Labor Department Action Helps Hurricane Victims Access 401(k) Plans

Archived News Release — Caution: Information may be out of date.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 to help victims of Hurricane Katrina obtain distributions and loans through 401(k) and similar employer-sponsored plans.

September 14, 2005

Labor Department Action Secures Distribution of 401(k) Benefits to Abandoned Piscataway Plan Participants

Archived News Release — Caution: Information may be out of date.

Piscataway, New Jersey - Jacqueline M. Carmichael has been appointed independent fiduciary of the NP LLC 401(k) plan to distribute benefits to plan participants, according to a court order obtained by the U.S. Department of Labor.

The action comes as a result of a suit filed by the U.S. Department of Labor alleging that plan trustees John Brewer and Dr. B. Gopinath abandoned the plan after Network Programs LLC declared bankruptcy in 1999.

September 12, 2005

Labor Department Sues to Appoint Independent Fiduciary for Abandoned 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Archived News Release — Caution: Information may be out of date.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 under the Employee Retirement Income Security Act (ERISA) to obtain court appointment of an independent fiduciary to manage the abandoned 401(k) plan of YOUpowered, Inc., a now defunct company formerly located at 90 William Street, Suite 105, New York, New York.

September 12, 2005

Labor Department Obtains Bankruptcy Ruling Protecting Nearly $170,000 Owed to 401(k) Plan by Bankrupt Reno Software Executive

Archived News Release — Caution: Information may be out of date.

San Francisco, California - The U.S. Bankruptcy Court in Reno, Nevada has ruled that the owner of bankrupt Lodging & Gaming Systems, Inc. (LGS) cannot discharge his debt of $167,530, plus lost opportunity costs, owed to the company’s 401(k) plan for unpaid contributions and loan repayments. Steven H. Urie owns the software development company.

September 8, 2005

ERISA Advisory Council Sets September 2005 Meetings

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

Washington, DC - The Advisory Council on Employee Welfare and Pension Benefit Plans and its working groups will meet September 21-23, 2005, at the U.S. Department of Labor in Washington, DC.

September 1, 2005

Owner of Defunct Houston Furniture Manufacturer Sued to Restore Employee Health Insurance Premiums

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

Houston, Texas - The U.S. Department of Labor has sued the former owner of defunct Kemil Inc., Houston, Texas, for failing to remit $15,174 in employee-paid health premiums to Blue Cross/Blue Shield HMO of Texas.

September 1, 2005

U.S. Labor Department Obtains Order Restoring Nearly $60,000 to Defunct Lansdale Company’s 401(k) Plan

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

Lansdale, Pennsylvania - The U.S. Department of Labor has obtained a court order requiring David Valaika and Phoenix Technical Services Inc. to restore $56,988 to the defunct company’s 401(k) plan.

Mabel Capolongo, regional director of the department’s Employee Benefits Security Administration (EBSA) said, “We filed this case to ensure that the plan participants recoup the money they set aside for their retirement years.”

September 1, 2005

Monroe, Michigan Firm Agrees To Restore Delinquent Contributions to 401(k) Plan

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

Detroit, Michigan - The U.S. Department of Labor has recovered $12,378.60 in principle and interest for delinquent contributions owed to the Fox Berry Inc. 401(k) plan, resolving a suit filed in Federal District Court in Detroit against the Monroe, Mich., firm. In addition to the restitution, the court appointed an independent fiduciary to manage the assets of the retirement plan.

September 1, 2005

U.S. Labor Department Extends Annual Reports Deadline After Hurricane Katrina Hits Mississippi

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

WASHINGTON — 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 due to property damage and destruction from Hurricane Katrina in Mississippi.

September 1, 2005

U.S. Labor Department Extends Annual Reports Deadline After Hurricane Katrina Hits Louisiana

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

DALLAS — 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 due to property damage and destruction from Hurricane Katrina in Louisiana.

September 1, 2005

U.S. Labor Department Extends Annual Reports Deadline After Hurricane Katrina Hits Alabama

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

WASHINGTON—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 due to property damage and destruction from Hurricane Katrina in Alabama.

August 31, 2005

U.S. Labor Department Extends Annual Reports Deadline After Tornado Hits Campbell County, Wyoming

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

Denver, Colorado - 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 due to damages from a tornado in Campbell County, Wyoming.

August 31, 2005

U.S. Labor Department Obtains Order Restoring Nearly $60,000 to Delaware Jewelry Company’s 401(k) Plan

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

Newark, Delaware - The U.S. Department of Labor has obtained a court order requiring Foley Brofsky Inc. (FB), Foley Jewelers Christiana Inc. (FJC) and FJC’s president David A. Mazer to restore $52,214 to the companies’ 401(k) plan. Mazer must pay an additional $6,783 as restitution for lost income caused by violating the Employee Retirement Income Security Act (ERISA).

August 31, 2005

U.S. Department of Labor Obtains Consent Judgment Restoring Over $20,000 to West Chester 401(k) Plan

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

Philadelphia, Pennsylvania - The U.S. Department of Labor has obtained a consent judgment requiring the trustee to restore $20,131 in delinquent employee contributions owed to the Terminal Technologies Inc. 401(k) plan sponsored by defunct NLOCI Corporation, West Chester, Pennsylvania.

August 31, 2005

U.S. Labor Department Settlement Orders Lombard, Illinois Executive to Restore Retirement Funds and Pay Health Claims Owed to Providers

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

Chicago, Illinois - Lombard, Illinois-based Employer’s Consortium, Inc. (ECI) and its president, Andrew Cory, must pay outstanding charges owed to several medical providers and funds owed to individual retirement accounts of the Employer’s Consortium, Inc. 401(k) Plan, according to a settlement announced today by the U.S. Department of Labor.

August 29, 2005

Labor Department Proposes Electronic Filing of Form 5500 Annual Reports

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

Washington, DC - As part of its continuing effort to update and streamline the annual reporting process, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has published a proposed regulation that would require plans to file the Form 5500 Series report electronically beginning with plan filings due in 2008.

August 26, 2005

Department of Labor Announces New Rule Allowing Contracting Agencies to Obtain Wage Determinations Online

WASHINGTON—The U.S. Department of Labor (DOL) issued a final rule today that fully implements the Wage Determinations OnLine (WDOL) Internet Web site at www.wdol.gov. The new rule updates existing regulations to allow contracting agencies to request and obtain wage determinations through the online services provided by the Web site.

August 26, 2005

Labor Department Obtains Court Order Restoring Nearly $20,000 to Eagan, Minnesota 401(k) Plan

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

St. Paul, Minnesota - Former trustees of Eagan, Minnesota-based Online Data Incorporated 401(k) Profit Sharing Plan have been ordered to restore $19,978.98 in delinquent employee contributions and lost earnings to the plan. The court order also provides for the resignation of the former trustees as fiduciaries for the plan, the U.S. Labor Department announced today.