June 26, 2008

U.S. Labor Department testifies before House Ways and Means subcommittee about employer-sponsored individual retirement arrangements

Archived News Release — Caution: Information may be out of date.

Washington – Bradford P. Campbell, assistant secretary of labor for the Employee Benefits Security Administration (EBSA), today testified before the House Ways and Means Subcommittee on Select Revenue Measures about the department’s programs to protect and promote retirement security for employer-sponsored individual retirement arrangements (IRAs).

June 25, 2008

Trustees of Queens, New York union benefit plans ordered to pay $250,000 to resolve U.S. Labor Department lawsuit

Archived News Release — Caution: Information may be out of date.

New York – Trustees of the welfare, annuity and pension funds of the Material Yard Workers Local 1175, Laborers International Union of North America (LIUNA), Howard Beach, New York, must restore approximately $227,000 to the plans and pay nearly $23,000 in civil monetary penalties, according to a consent judgment obtained by the U.S. Department of Labor.

June 24, 2008

Former president of Fine Line Drywall, Keene, New Hampshire pleads guilty to theft of employee IRA funds

Archived News Release — Caution: Information may be out of date.

Keene, New Hampshire – Mark R. Blanchard, the former president of defunct Fine Line Drywall Inc. of Keene, has pled guilty to two counts of theft by misapplication of property exceeding $48,000 in the New Hampshire Superior Court in Keene.

June 23, 2008

U.S. Department of Labor sues president of Nashville music entertainment company to recover employee benefit contributions

Archived News Release — Caution: Information may be out of date.

Atlanta – The U.S. Department of Labor has sued William Taylor, president of Nashville, Tennessee-based Homeland Entertainment Group, for failure to forward employee contributions to the company’s retirement plan in violation of the Employee Retirement Income Security Act (ERISA).

June 23, 2008

U.S. Labor Department Seeks Independent Fiduciary For Abandoned 401(k) Plan

Archived News Release — Caution: Information may be out of date.

Binghamton, New York - The U.S. Department of Labor has filed a lawsuit to appoint an independent fiduciary for the 401(k) plan of the Tier Electric Corporation in Johnson City, New York, to distribute the plan’s assets and terminate the plan.

June 19, 2008

U.S. Labor Department secures 401(k) plan assets for Merchants Publishing Co. employees in Kalamazoo, Michigan

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

Kalamazoo, Michigan – A federal district court in Grand Rapids, Michigan has granted a consent judgment to the U.S. Department of Labor that allows more than $170,000 in 401(k) assets recovered in a criminal action to be distributed to former workers of Merchants Publishing Co. Inc. in Kalamazoo.

June 19, 2008

U.S. Department of Labor to host June 25 web cast on recent regulations and guidance

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

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will host a free web cast June 25 to help employers and plan administrators understand recent regulatory and interpretative guidance under the Employee Retirement Income Security Act (ERISA).

June 18, 2008

U.S. Labor Department sues to appoint independent fiduciary for 401(k) plan abandoned by New York City company

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

New York – The U.S. Department of Labor has filed a lawsuit asking the U.S. District Court for the Southern District of New York to appoint an independent fiduciary to oversee the abandoned 401(k) plan of defunct Chelsea Voice & Data Inc. of New York City.

June 13, 2008

U.S. Labor Department obtains appointment of independent fiduciary for abandoned 401(k) plan of Buffalo, New York company

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

Buffalo, New York – The U.S. Department of Labor has obtained a federal court order appointing an independent fiduciary to manage the abandoned 401(k) plan of defunct Pohlman Foundry Co. Inc. of Buffalo.

June 13, 2008

U.S. Labor Department sues Rosewood, Minnesota business owner to recover health plan contributions for employees

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

Roseville, Minnesota – The U.S. Department of Labor has sued the president and sole owner of Plywood Industries Inc. in Roseville, for failing to forward to the company’s health plan contributions withheld from employees’ paychecks, in violation of the Employee Retirement Income Security Act (ERISA).

June 12, 2008

Trustees agree to administer abandoned Warren, Rhode Island 401(k) plan to resolve U.S. Labor Department lawsuit

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

Boston – Trustees of defunct VikinGlobal Corp. of Warren, Rhode Island, have agreed to administer the company’s abandoned 401(k) plan to resolve a lawsuit filed by the U.S. Department of Labor alleging violations of the Employee Retirement Income Security Act (ERISA).

June 10, 2008

U.S. Department of Labor obtains settlement with Costello Forensic Accounting P.C. and auditors to SCT Yarns Inc. retirement plans

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

Atlanta – The U.S. Department of Labor has reached a settlement with Costello Forensic Accounting P.C. and its auditors resolving the department lawsuit alleging the Chattanooga, Tennessee accounting firm violated the Employee Retirement Income Security Act (ERISA).

June 9, 2008

U.S. Department of Labor obtains settlement with defunct Rougemont, North Carolina, clinical research company to restore funds to SIMPLE IRA plan

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

Atlanta – The U.S. Department of Labor has obtained a settlement agreement requiring defunct BDH Clinical Research Services Inc., Rougemont, North Carolina, and its former president to restore $22,921 to the retirement accounts of four former employees.

June 4, 2008

U.S. Labor Department takes legal action against Technengineering Services for failure to administer employee 401(k) plan

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

Indianapolis – The U.S. Department of Labor has sued Technengineering Services Inc., Fishers, Indiana, for failure to properly administer the company’s 401(k) plan in violation of the Employee Retirement Income Security Act (ERISA).

June 3, 2008

U.S. Labor Departments Transforming the American Workplace:
A 21st Century Vision summit sets stage for disability employment

WASHINGTON — The U.S. Department of Labor today kicked off its "Transforming the American Workplace: A 21st Century Vision" summit, which focuses on including people with disabilities in the American workforce and reduced barriers to employment. The invitation-only summit continues through tomorrow at Gallaudet University's Kellogg Conference Center in Washington, D.C.

June 2, 2008

U.S. Labor Department sponsors free compliance assistance seminar for retirement plan fiduciaries in San Francisco

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

San Francisco – 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 July 1 at the Marines’ Memorial Club & Hotel.

May 20, 2008

Court upholds U.S. Department of Labor reporting requirements
on employer payments to unions

Workers to benefit from increased transparency

WASHINGTON — On May 5, the U.S. District Court for the Northern District of Georgia dismissed a challenge to the U.S. Department of Labor's authority to require reports from attorneys who make payments to unions or union officials. The Labor-Management Reporting and Disclosure Act (LMRDA) requires employers to file reports if, among other things, they provide money or other things of value to a union or a union officer or employee.

May 20, 2008

U.S. Department of Labor to offer free employer workshop on pension and health responsibilities May 22 in Springfield, Missouri

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

Springfield, Missouri – A free workshop will be sponsored by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) to help employers understand their fiduciary responsibilities under the Employee Retirement Income Security Act (ERISA). The workshop will take place on May 22 from 8 a.m. to noon CDT at St. John’s Hospital, Hammons Heart Institute Auditorium, 1325 E. Cherokee Street, in Springfield.

May 19, 2008

U.S. Labor Department to co-host youth employment seminar with Brazil, Organization of American States, labor ministers

Deputy Undersecretary for International Affairs Charlotte Ponticelli to lead U.S. delegation

RIO DE JANEIRO, Brazil — The U.S. Department of Labor, the Ministry of Labor and Employment in Brazil, and the Organization of American States (OAS) jointly will host a seminar on youth employment in Rio de Janeiro from Tuesday, May 20, through Wednesday, May 21. Charlotte M. Ponticelli, the Labor Department's deputy undersecretary for International Affairs, will lead the U.S. delegation.

May 19, 2008

U.S. Department of Labor offers Atlanta workshop on June 18 to help employers and plan officials comply with federal benefits law

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

The workshop will take place from 8:30 a.m. to noon EDT at the Renaissance Atlanta Downtown Hotel, 590 West Peachtree Street N.W. One-on-one consultations will be available after the workshop, from noon to 1 p.m.