February 12, 2009

U.S. Labor Department sues fiduciary of ERISA-covered plan sponsored by Mokena, Illinois-based company

Mokena, Illinois – The U.S. Department of Labor has sued the chief executive officer and fiduciary to the retirement plan of TMG National Holdings for improperly using plan assets withheld from employees’ pay for the benefit of the company and other violations of the federal Employee Retirement Income Security Act (ERISA).

February 11, 2009

U.S. Department of Labor sues defunct Herndon, Virginia, company to protect participants of 401(k) profit-sharing plan

Herndon, Virginia – The U.S. Department of Labor has sued Answers Inc. and 401(k) trustee Cynthia Chambliss to obtain appointment of an independent fiduciary to manage the plan. Answers Inc. is a defunct company formerly located in Herndon that operated under the names Answer Transit Services LLC and Answer Transit Services Corp.

February 10, 2009

Employee Benefits Security Administration Releases Field Assistance Bulletin on New Annual Funding Notice Requirements

Washington - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today released Field Assistance Bulletin (FAB) 2009-01 concerning new disclosure requirements mandated by the Pension Protection Act of 2006 (PPA).

February 9, 2009

U.S. Department of Labor sponsors free February 19 webcast on 2009 Form 5500 and electronic filing

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will host its first of a series of free webcasts on February 19 from noon to 2 p.m. EST to help employers and service providers prepare for changes in the requirements of the 2009 Form 5500 reports and a preview of the new electronic filing Web site.

February 9, 2009

U.S. Department of Labor sues former insurance agency in Kennesaw, Georgia, to protect participants’ 401(k) contributions

Atlanta – The U.S. Department of Labor has sued Hoyla Insurance Group of Kennesaw, Georgia, and Michael Hoyla to recover employee contributions commingled with company funds and distribute assets remaining in the company’s abandoned 401(k) plan.

February 6, 2009

Statement of acting U.S. Labor Secretary Edward C. Hugler on January 2009 employment numbers

WASHINGTON – Acting U.S. Secretary of Labor Edward C. Hugler issued the following statement on the January 2009 Employment Situation report released today:

February 5, 2009

U.S. Department of Labor announces $22 million grant to assist Tri-State rank-and-file workers affected by financial industry layoffs

WASHINGTON – The U.S. Department of Labor today announced a $22 million grant to assist approximately 7,400 workers affected by financial industry layoffs in the New York, Connecticut and New Jersey Tri-State area.

"Due to the crisis in the financial system, thousands of people lost their jobs through no fault of their own," said acting Secretary of Labor Edward C. Hugler. "The services provided through this grant will assist front line and back office workers in getting back to work as soon as possible."

February 5, 2009

ETA Press Release: Unemployment Insurance Weekly Claims Report

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA In the week ending Jan. 31, the advance figure for seasonally adjusted initial claims was 626,000, an increase of 35,000 from the previous week's revised figure of 591,000. The 4-week moving average was 582,250, an increase of 39,000 from the previous week's revised average of 543,250.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending Jan. 24, unchanged from the prior week's unrevised rate of 3.6 percent.

February 5, 2009

U.S. Department of Labor notifies Connecticut Aircraft Nuclear Engine Laboratory employees of new Special Exposure Cohort Designation

WASHINGTON — The U.S. Department of Labor has announced that all former Connecticut Aircraft Nuclear Engine Laboratory (CANEL) workers have now been added to the Energy Employees Occupational Illness Compensation Program Act's (EEOICPA) Special Exposure Cohort (SEC). The EEOICPA provides compensation and medical benefits to employees who became ill as a result of working in the nuclear weapons industry. Survivors of qualified employees may also be entitled to benefits.

February 5, 2009

U.S. Labor Department to begin new monthly data series on people with disabilities from Current Population Survey on Feb. 6

Data will mark 1st official measure of unemployment rate facing Americans with disabilities

February 5, 2009

U.S. Labor Department provides guidance on fiduciary duties in response to abuses involving the Madoff investment firm

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), today announced guidance on the duties of employee benefit plan fiduciaries in light of alleged abuses involving Bernard L. Madoff Investment Securities LLC.

February 5, 2009

U.S. Labor Department sues upstate New York auto supply company and official for alleged violations of federal employee benefits law

Syracuse, New York – The U.S. Department of Labor has sued Kellogg Auto Supply Co. Inc. of Cortland, New York, and company president and general manager Richard Coates for alleged violations of the Employee Retirement Income Security Act (ERISA), the federal law that protects private sector pension and employee benefit plans.

February 4, 2009

U.S. Department of Labor pays $100 million in benefits to Florida residents under Energy Employees Occupational Illness Compensation Program Act

WASHINGTON — The U.S. Department of Labor today announced that it has paid more than $100 million in compensation and medical benefits to Florida residents under the Energy Employees Occupational Illness Compensation Program Act (EEOICPA). The act was created to assist those individuals who became ill as a result of working in the atomic weapons industry. Survivors of such individuals may also be eligible for benefits.

February 4, 2009

U.S. Labor Department sponsors free compliance assistance seminar for retirement plan fiduciaries in Melville, New York

Melville, New York – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities,” a free compliance assistance seminar, on February 12 at the Melville Marriott Long Island at 1350 Old Walt Whitman Road.

February 2, 2009

U.S. Labor Department obtains nearly $115,000 from bankrupt Merrimac, Massachusetts, company to pay employee health claims

Boston – The U.S. Department of Labor has obtained a settlement agreement filed with the U.S. Bankruptcy Court for the District Court of Massachusetts, providing for payment of nearly $115,000 in unpaid employee health claims of bankrupt Wolverine Proctor & Schwartz LLC, formerly of Merrimac, Massachusetts. After filing for bankruptcy, the company abandoned its employee health benefit plans, leaving 79 employees with significant unpaid health care costs.

January 29, 2009

U.S. Department of Labors OSHA announces informal public hearing on proposed cranes and derricks standards in construction

WASHINGTON – The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) will hold an informal public hearing on the proposed cranes and derricks in construction standard published in the Oct. 9, 2008, edition of the Federal Register (73 FR 59713).

The hearing will be held beginning March 17 at 10 a.m. EST in the auditorium on the plaza level of the Frances Perkins Building, U.S. Department of Labor, 200 Constitution Ave. N.W., Washington, D.C.

January 29, 2009

ETA Press Release: Unemployment Insurance Weekly Claims Report

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000. The 4-week moving average was 542,500, an increase of 24,250 from the previous week's revised average of 518,250.

January 26, 2009

U.S. Labor Department sponsors free compliance assistance seminar for retirement plan fiduciaries in Metairie, Louisiana

Metairie, Louisiana – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities,” a free compliance assistance seminar, on January 28 at the Four Points by Sheraton New Orleans.

January 22, 2009

ETA Press Release: Unemployment Insurance Weekly Claims Report

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA In the week ending Jan. 17, the advance figure for seasonally adjusted initial claims was 589,000, an increase of 62,000 from the previous week's revised figure of 527,000. The 4-week moving average was 519,250, unchanged from the previous week's revised average of 519,250.

The advance seasonally adjusted insured unemployment rate was 3.4 percent for the week ending Jan. 10, unchanged from the prior week's unrevised rate of 3.4 percent.

January 22, 2009

U.S. Department of Labor obtains judgment restoring 401(k) assets to employees of defunct Acworth, Georgia, construction company

Atlanta – The U.S. Department of Labor has obtained a default judgment in federal district court in Atlanta ordering Concrete Construction Co. of Acworth, Georgia, and its president, Craig Wagner, to restore $11,672 due to the failure of the defendants to prudently manage the funds, to the company’s 401 (k) retirement savings plan. The payment is comprised of delinquent employee contributions, uncollected employer matching contributions, and lost earnings on the employee contributions.