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Archived News Release — Caution: Information may be out of date.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Archived News Release — Caution: Information may be out of date.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Archived News Release — Caution: Information may be out of date.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Archived News Release — Caution: Information may be out of date.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Archived News Release — Caution: Information may be out of date.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Archived News Release — Caution: Information may be out of date.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

October 27, 2006

Workshop on ERISA and Re-employment Rights Laws Held in St. Louis November 29

Archived News Release — Caution: Information may be out of date.

St. Louis, Missouri - The U.S. Department of Labor will host a free employer workshop called “Understanding Your Responsibilities under ERISA and USERRA” on November 29 at the Robert A. Young Federal Building, 1222 Spruce Street, Room 2.206 (Auditorium) in St. Louis.

October 26, 2006

Labor Secretary Lauds New Freedom Initiative Awardees for Improving Employment Opportunities for People with Disabilities

Baseball Great Dave Dravecky Honored for Community Leadership

WASHINGTON — U.S. Secretary of Labor Elaine L. Chao praised the nine winners of the Secretary of Labor's 5th Anniversary New Freedom Initiative Award for their outstanding efforts to improve employment opportunities for people with disabilities. The awards ceremony took place today at the Washington Renaissance Hotel.

October 26, 2006

Labor Secretary Lauds New Freedom Initiative Awardees for Improving Employment Opportunities for People with Disabilities

Baseball Great Dave Dravecky Honored for Community Leadership

WASHINGTON — U.S. Secretary of Labor Elaine L. Chao praised the nine winners of the Secretary of Labor's 5th Anniversary New Freedom Initiative Award for their outstanding efforts to improve employment opportunities for people with disabilities. The awards ceremony took place today at the Washington Renaissance Hotel.

October 17, 2006

Presidential Order Extends Federal Safe Workplace Initiative

SHARE has significantly reduced total injuries, illnesses and fatalities

WASHINGTON — President George W. Bush has extended for three years the federal government's initiative to reduce occupational injuries, illnesses, and fatalities within its ranks.

October 17, 2006

U.S. Labor Department Sues Owner of Akron, Ohio, Company to Restore Delinquent Contributions to Company’s 401(k) Plan

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

Akron, Ohio - The U.S. Department of Labor has sued the owner of Truax Restoration Services, located in Akron, Ohio, for failing to forward employees’ voluntary contributions to the company’s 401(k) plan and to segregate the plan contributions from the company’s general assets.

October 17, 2006

U.S. Labor Department Sues to Appoint Trustee for Abandoned Bay Area 401(k) Plan

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

San Francisco, California - The U.S. Department of Labor has filed suit in federal district court in San Francisco seeking the appointment of an independent trustee to manage the abandoned retirement plan of NetActive Corp., formerly of San Francisco. The trustee would terminate the plan and distribute its assets to eligible participants.

October 17, 2006

U.S. Labor Department Obtains Settlement with Broadview, Illinois Business Owners to Restore Workers’ Profit Sharing Plan Assets

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

Chicago, Illinois - The U.S. Department of Labor has obtained a settlement requiring restoration of assets to the BGB Network Inc. Safe Harbor 401(k) Profit Sharing Plan and permanently barring former trustees of the plan, based in Broadview, Illinois, from service to employee benefit plans governed by the Employee Retirement Income Security Act (ERISA) in the future.

October 16, 2006

Michigan Security Guard Contractors Agree to Pay Back Wages
to 716 Workers After U.S. Department of Labor Investigation

Two Sub-Contractors of RSIG Inc. Owe more than $663,000 in Back Wages

DETROIT — Two sub-contractors of RSIG Inc. a Southfield, Mich., security company, have agreed to pay $663,813 in overtime back wages to 716 Detroit area security guards following investigations by the U.S. Labor Department's Wage and Hour Division.

October 16, 2006

U.S. Labor Department Sues Plan Officials for Mismanaging $50M In Assets of 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 the fiduciaries of the Agway Inc. 401(k) plan, in DeWitt, New York, for imprudently investing approximately $50 million of the plan’s assets in the securities of the company, valuing the stock at prices higher than market value, and giving participants false information about the investment.

October 12, 2006

U.S. Labor Department Gives Filers Affected By Hurricane Katrina Additional Extension of Deadline to File Annual Reports on Benefit Plans

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today advised plan practitioners affected by Hurricane Katrina who require additional time to file 2005 Form 5500 series annual returns/reports that they may request an extension of two and one-half months (to December 31, 2006).

October 10, 2006

U.S. Labor Department Sues Cincinnati Company for Failing to Distribute 401(k) Funds When It Went Out of Business

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

Cincinnati, Ohio - The U.S. Department of Labor has sued Strategic Decisions Inc. Cincinnati, for failing to administer and terminate the company’s 401(k) plan so that assets could be distributed to plan participants.

October 6, 2006

U.S. Labor Department Obtains Default Judgment Removing Fiduciary from Oakland County, Michigan Company’s 401(k) Plan

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

Detroit, Michigan - The U.S. Department of Labor has obtained a default judgment removing the former president of now-defunct Application Technology Group Inc. (ATG), Oakland County, Michigan, as a fiduciary to the ATG 401(k) plan, and permanently barring Kenneth A. Poulos from serving as a plan fiduciary to any Employee Retirement Income Security Act (ERISA)-covered employee benefit plan.