August 23, 2004

Labor Department Issues Final Rule Streamlining Registration By Investment Managers To 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Archived News Release — Caution: Information may be out of date.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 issued a final rule requiring state-registered investment advisers who are seeking investment manager status under federal benefits law to register electronically through the Investment Adviser Registration Depository (IARD).

August 23, 2004

U.S. Labor Department Sues to Protect Over $37,000 in 401(k) Assets For Employees of Defunct San Jose Company

Archived News Release — Caution: Information may be out of date.

San Francisco - The U.S. Department of Labor has filed an adversary complaint in the U.S. Bankruptcy Court for the Central District of California at Santa Barbara, to protect over $37,000 owed to the 401(k) profit sharing plan of now-closed Digital Reflection, Inc. in San Jose, California.

August 19, 2004

U.S. Labor Secretary Elaine L. Chao Addresses
Fraternal Order of Police in Warren, Mich.: Labor Secretary Highlights Benefits
of New Overtime Security Rule for First Responders

Labor Secretary Highlights Benefits of New Overtime Security Rule for First Responders

WARREN, Mich.—The Fraternal Order of Police in Warren, Mich., today welcomed U.S. Secretary of Labor Elaine L. Chao’s remarks about the proposed overtime reforms due to take effect on Aug. 23, 2004. She told the group that the new Overtime Security Rule will guarantee that more police, other first responders and millions of hard-working Americans receive overtime pay for their work.

August 19, 2004

Labor Department Solicits Nominations for 2005 ERISA Advisory Council

Archived News Release — Caution: Information may be out of date.

Washington, DC - The U.S. Department of Labor is soliciting nominations to fill five three-year vacancies on the Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council. The deadline for receipt of nominations is October 1, 2004.

August 18, 2004

U.S. Labor Secretary Elaine L. Chao Addresses
Fraternal Order of Police in Willoughby, Ohio: Labor Secretary Highlights
Benefits of New Overtime Security Rule for First Responders

Labor Secretary Highlights Benefits of New Overtime Security Rule for First Responders

Willoughby, Ohio—The Fraternal Order of Police in Willoughby, Ohio today welcomed U.S. Secretary of Labor Elaine L. Chao’s remarks about the proposed overtime reforms due to take effect on Aug. 23, 2004. Secretary Chao told the group that the new Overtime Security Rule will guarantee that more police, other first responders and millions of hard-working Americans receive overtime pay for their work.

August 17, 2004

Salvage One Leasing Company Sued Over Delinquent Retirement Contributions, Loan Repayments

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

Detroit, Michigan - The U.S. Department of Labor has sued Salvage One Leasing Company Inc. and related companies in Detroit -- along with their president -- for failing to remit or timely forward contributions and loan repayments deducted from employees’ paychecks.

August 17, 2004

U.S. Labor Secretary Elaine L. Chao Announces Agreement with United Airlines to Appoint Independent Fiduciary To Manage Pension Plans

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

Washington, DC - U.S. Secretary of Labor Elaine L. Chao today announced that an independent fiduciary will be appointed to represent the interest of the participants and beneficiaries in United Airlines’ (UAL) pension plans.

August 16, 2004

Marietta Industrial Enterprises Ordered to Repay $19,000 to 401(k) Plan

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

August 16, 2004

U.S. Labor Department Sues to Appoint Independent Fiduciary To Abandoned Indiana 401(k) Plan

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

August 12, 2004

U.S. Labor Department Sues Former Michigan Plan Trustee For Failing to Forward 401(k) Plan Contributions

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

Grand Rapids, Michigan - The U.S. Department of Labor has sued the former trustee of the Grand Rapids Plastics Inc. 401(k) Profit Sharing Plan of Grand Rapids, Michigan, for failing to remit employee contributions to the plan and retaining the contributions in the company’s general assets.

August 11, 2004

U.S. Labor Department Settlement Restores Pension Funds To Scottsdale Employee 401(k) Plan

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

August 4, 2004

Labor Department Sues to Appoint Independent Fiduciary For Abandoned Montana Retirement Plan

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

Helena, Montana - The U.S. Department of Labor has sued to obtain the court appointment of an independent fiduciary to manage the abandoned retirement plan of the defunct Meteorological Technical Institute, Inc. in Helena, Montana, distribute $15,583 in assets to participants and terminate the plan.

August 3, 2004

Labor Department Removes Plumbers' Union Pension Fund Trustees, Collects $10.98 Million for Worker Retirement

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

August 2, 2004

U.S. Labor Department Obtains Judgment Against Ohio Computer Company for Mismanaging 401(k)

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

Akron, Ohio - The U.S. Department of Labor has obtained a default judgment removing Pony Computer Inc. of Streetsboro, Ohio, as a fiduciary to its 401(k) plan and appointing Joseph S. Moynihan as the independent fiduciary responsible for managing the 401(k) and distributing more than $58,000 to 20 participants.

August 2, 2004

U.S. Labor Department Order Permanently Bans Former Leasing Firm President From Overseeing Employee Benefit Plans

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

August 2, 2004

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

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

August 2, 2004

Trustee of Medford 401(k) Plan Agrees to Repay Over $11,000 To Plan Participants Following Labor Department Legal Action

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

Boston, Massachusetts - The U.S. Department of Labor has obtained a consent judgment and order requiring the administrator of a Medford, Massachusetts, 401(k) plan to pay $11,287.48, plus interest, to plan participants as restitution for failing to forward employee contributions to the plan.

July 28, 2004

ERISA Advisory Council to Hold Working Group Meetings in August

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