December 8, 2005

U.S. Labor Department Obtains Judgment Against Sham Florida Union for Payment of $11 Million in Health Benefits

Archived News Release — Caution: Information may be out of date.

Atlanta, Georgia - The U.S. Department of Labor has obtained a judgment requiring the Service and Business Workers of America Local 125, located in Juno Beach, Florida, to pay $11 million in unpaid health claims owed to union members and their families. The judgment also bars the union from service as a fiduciary to any employee benefit plan in the future.

December 7, 2005

U.S. Labor Department Sues Former Hebron, Kentucky Company and Owner to Recover 401(k) Plan Losses

Archived News Release — Caution: Information may be out of date.

Atlanta, Georgia - The U.S. Department of Labor has sued now-closed Mitchell Molding Company Inc., Hebron, Kentucky, and its bankrupt former owner to recover $5,870 in delinquent employee contributions to the company's 401(k) plan.

December 7, 2005

Labor Department Sues to Assist Retirement Plan Participants Of Defunct Delaware Company

Archived News Release — Caution: Information may be out of date.

Philadelphia, Pennsylvania - The U.S. Department of Labor has sued IT Factory Solution Inc. (ITFS), a defunct Delaware corporation, asking the court to appoint an independent fiduciary to terminate the company's retirement plan and distribute its assets to participants and beneficiaries.

ITFS became plan trustee and administrator when it acquired Solutions By Design Inc., the Virginia company that started the plan.

December 5, 2005

U.S. Labor Department Obtains Court Order Reimbursing $1 Million to California Health Benefit Fund

Archived News Release — Caution: Information may be out of date.

Atlanta, Georgia - The U.S. Department of Labor has obtained a consent judgment ordering payment of $1 million in restitution to the California-based International Union of Industrial and Independent Workers Benefit Fund (IUIIW). The fund was placed under the receivership of Jeanne Bryant in Brentwood, Tennessee.

December 2, 2005

U.S. Labor Department Obtains Consent Judgment to Protect Employee Stock Ownership Plan Assets of Defunct Post Falls Company

Archived News Release — Caution: Information may be out of date.

Coeur D'Alene, Idaho - James C. Stone, former president, director and part owner of failed Alpha Health Services Inc. of Post Falls, Idaho, has agreed in a consent judgment obtained by the U.S. Department of Labor in U.S. Bankruptcy Court not to discharge debts owed to the company's employee stock ownership plan.

December 1, 2005

U.S. Labor Department Opens New Temporary Wage and Hour Offices
In the Gulf Region

WASHINGTON—The U.S. Department of Labor today announced the reopening, at new temporary locations, of the Wage and Hour Division's New Orleans district office and Biloxi, Miss., field office. Following Hurricane Katrina both offices were damaged and closed. The work normally handled out of these offices continued in the aftermath of the hurricane from the Baton Rouge, La., Mobile, Ala., and Hattiesburg, Miss., field offices, as well as the Jackson, Miss., area office.

December 1, 2005

Health Law Compliance Seminar December 7 and 8 in Atlanta

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

Atlanta, Georgia - A health law compliance assistance seminar, sponsored by the U.S. Department of Labor's Employee Benefits Security Administration (EBSA) and the Georgia Office of Insurance and Safety Fire, will take place December 7-8 in Atlanta at the Omni Hotel.

December 1, 2005

U.S. Labor Secretary Elaine L. Chao Announces Date of 2006 Saver Summit to Help Americans Plan Secure Retirement

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

Washington, DC - U.S. Secretary of Labor Elaine L. Chao today announced the third National Summit on Retirement Savings will be held March 1-2, 2006, in Washington, DC.

November 30, 2005

Plan Administrator Indicted for Filing False Annual Reports with the U.S. Department of Labor

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

Philadelphia, Pennsylvania - A federal grand jury indicted the owner of VPC Group Inc. of Virginia Beach, Virginia, on five counts of filing false and fraudulent annual reports with the U.S. Department of Labor on behalf of 401(k) plan clients covered by the Employee Retirement Income Security Act (ERISA).

November 30, 2005

U.S. Labor Department Acts to Improve Access of Hurricane Victims To 401(k) Loans and Withdrawals

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 relating to changes in the law that increase the amount of loan distributions permitted through 401(k) and similar employer-sponsored plans to participants affected by Hurricane Katrina.

November 22, 2005

U.S. Labor Department Sues Former Minneapolis Executives For Health Plan Mismanagement

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

Chicago, Illinois - The U.S. Department of Labor has sued former executives of Riscomp Industries Inc., Minneapolis, Minnesota, for mismanagement of the firm’s health plan that left plan participants and their families with more than $2.1 million in unpaid health claims.

November 21, 2005

Southfield, Mich., Computer Staffing Firm to Pay $2.65 Million
In Back Wages and Penalties for Immigration Law Violations

DETROIT—Computech Inc., a Southfield, Mich., firm that places computer professionals at locations throughout the United States has agreed to pay $2,250,000 in back wages to 232 computer professionals and a $400,000 fine to settle immigration law violations, the U.S. Labor Department announced today.

November 17, 2005

Sudbury, Massachusetts Employer Restores More Than $10,600 to 401(k) Plan To Settle U.S. Labor Department Lawsuit

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

Boston, Massachusetts - Landscape Design Inc., Sudbury, Massachusetts, and its owner have restored $10,678.93 to its 401(k) plan to resolve a lawsuit filed by the U.S. Labor Department that alleged violations of the Employee Retirement Income Security Act (ERISA).

November 15, 2005

U.S. Labor Department Sues to Recover Funds for Middle Tennessee Union’s Health Plan

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

Atlanta, Georgia - The U.S. Department of Labor has sued Joseph David Hodgin and the Labor Benefit Trust to recover more than $9,000 for a Nashville area Teamsters health benefits plan.

November 3, 2005

U.S. Labor Department Sues Connecticut Investment Firm to Restore Millions of Dollars Owed to Pension Plans

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

Boston, Massachusetts - The U.S. Department of Labor has sued Circle Trust Company (CTC) of Darien, Connecticut, to restore millions of dollars in losses on imprudent and risky investments with the Trust Advisors Stable Value Plus Fund (SVF), a collective trust administered by CTC. Circle Trust serves as a trustee to SVF, which had invested approximately $200 million from 1,500 pension plans nationwide.

November 2, 2005

Cambridge, Mass., Employer Agrees to Restore $130,000 to Retirement Plan to Settle U.S. Labor Department Lawsuit

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

Boston, Massachusetts - Charles J. Mailman and Chasma Scientific Inc., Cambridge, Massachusetts, will restore $130,000 to the company’s profit sharing plan to resolve a U.S. Labor Department lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA).

November 2, 2005

U.S. Labor Department Sues Owner of Bankrupt Grand Junction Company to Recoup Pension Assets for Unitel Workers

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

Grand Junction, Colorado - The U.S. Department of Labor has filed an adversary complaint in federal bankruptcy court against the owner of now-defunct Unitel, Inc., Grand Junction, Colorado, to prevent him from discharging more than $2,000 owed to participants of the company’s SIMPLE IRA plan.

October 31, 2005

U.S. Labor Department Extends Annual Reports Deadline After Hurricane Wilma Hits Florida

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

Atlanta, Georgia - In the wake of destruction in Florida from Hurricane Wilma, 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.

October 28, 2005

Trustee Agrees to Future Restitution to Defunct Rochester, N.Y., Company’s Pension Plan - Agreement Settles U.S. Labor Department Lawsuit

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

Rochester, New York - Gary Ragan, trustee of the Flower City Insulation Savings and Investment Plan, has agreed, should he ever be able, to restore to the plan a total of $19,282, plus interest, to settle a U.S. Department of Labor lawsuit. The suit alleged violations of the Employee Retirement Income Security Act (ERISA). Rochester-based Flower City Insulation has been defunct since 2002.

October 26, 2005

Secretary of Labor Announces Seven Recipients
Of the Secretarys New Freedom Initiative Awards

WASHINGTON—U.S. Secretary of Labor Elaine L. Chao announced today that one individual, three non-profits and three businesses have been selected to receive the Secretary of Labor's New Freedom Initiative (NFI) Award for outstanding support of employment for people with disabilities.