February 2, 2007

Employee Benefits Security Administration Releases Field Assistance Bulletin on Investment Advice

Archived News Release — Caution: Information may be out of date.

January 25, 2007

Wal-Mart Workers to Receive More Than $33 Million in Back Wages

WASHINGTON — The U.S. Department of Labor announced today that Wal-Mart Stores Inc. will pay over $33 million in back wages to resolve issues that arose under the Fair Labor Standards Act (FLSA) concerning how the company computed overtime pay. The agreement covers 86,680 employees who worked for the company from Feb. 1, 2002 to Jan. 19, 2007.

January 25, 2007

U.S. Labor Department Sues to Restore Assets Owed to SIMPLE IRA Plan of Former Newberry, South Carolina, Company

Archived News Release — Caution: Information may be out of date.

January 25, 2007

Trustee to Restore Nearly $77,200 to Bay Area Pension Plan following Investigation by U.S. Department of Labor

Archived News Release — Caution: Information may be out of date.

January 24, 2007

U.S. Labor Department Releases 2006 Program Highlights
for the Office of Labor-Management Standards

WASHINGTON — The U.S. Department of Labor's Office of Labor-Management Standards (OLMS) today released its FY 2006 Annual Report. The report highlights the fiscal year success of the agency and the importance of its role in supporting America's workforce through its enforcement of the Labor-Management Reporting and Disclosure Act (LMRDA).

January 22, 2007

Corona Web Design Firm Agrees To Repay Employees’ 401(K) Funds

Archived News Release — Caution: Information may be out of date.

January 17, 2007

U.S. Labor Department Sues Ohio Doctor to Restore Funds to Employee’s Retirement Plan

Archived News Release — Caution: Information may be out of date.

January 11, 2007

U.S. Labor Department Obtains Appointment of Independent Fiduciary To Manage Illinois Company’s 401(k) Plan

Archived News Release — Caution: Information may be out of date.

Decatur, Illinois - The U.S. Department of Labor has obtained an amended consent judgment and order requiring a Decatur, Illinois fiduciary of the Jan-San Supply Company 401(k) Plan to restore $47,293 to the plan as restitution for failure to forward contributions withheld from employees’ paychecks.

January 10, 2007

U.S. Labor Department Sues Pennsylvania Company Over Pension Plan Violations

Archived News Release — Caution: Information may be out of date.

January 9, 2007

U.S. Labor Department Obtains Court Order Restoring Assets to Former Lexington, Kentucky, Company’s SIMPLE IRA Plan

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

January 8, 2007

U.S. Labor Department Sponsors Free Compliance Assistance Seminar for Retirement Plan Fiduciaries in New Jersey

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

January 8, 2007

U.S. Department of Labor Sues Washington Company and President to Restore Employee Contributions to Retirement Plan

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

December 28, 2006

U.S. Labor Department Sues Defunct California Corporation and its President for Failure to Remit Employee Contributions

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

San Francisco - The U.S. Department of Labor has sued UltraCard Inc. of Los Gatos, California, and its president for failure to remit employee contributions and loan repayments to the company’s 401(k) plan in a timely manner.

December 26, 2006

U.S. Labor Department Sues New York & California Textile Companies and Officers to Recover Delinquent Employee Contributions to 401(k) Plan

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

New York - The U.S. Department of Labor has sued defunct New York City and Santa Monica, California-based textile firms American Fabrics Co. and Beverly Trimming Co., as well as two officers of the companies, for failure to forward more than $100,000 in employee contributions and loan repayments owed to the American Fabrics Co. 401(k) Savings Plan.

December 22, 2006

U.S. Labor Department Sues Cincinnati-Based Restaurant Group to Restore Delinquent Contributions to 401(k) Savings Plans

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

Cincinnati - The U.S. Department of Labor has sued Cincinnati-based Queen City Restaurant Group and the trustee of 401(k) plans sponsored by the business for allegedly failing to forward and remit employee contributions in a timely manner to the plans of three companies managed by the restaurant group.

December 20, 2006

Employee Benefits Security Administration Releases Field Assistance Bulletin on Individual Benefit Statements And Diversification Notices

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) 2006-03 which provides guidance relating to individual benefit statements and notices of freedom to divest employer securities.

December 19, 2006

U.S. Labor Department Sues Rife Industrial Marine to
Recover Nearly Two Million Dollars in Overtime Back Wages

NEDERLAND, Texas — The U.S. Department of Labor has sued Rife Industrial Marine for alleged violations of the overtime and recordkeeping provisions of the federal Fair Labor Standards Act (FLSA), after an investigation by the department's Wage and Hour Division found that welders working offshore had been improperly classified as independent contractors.

December 19, 2006

U.S. Labor Department Sues to Recover Assets for Huntersville, N.C., Company’s 401(k) Plan

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

Atlanta - The U.S. Department of Labor has sued to restore more than $5,200 in assets to the 401(k) plan of Vinson Van Go, a Huntersville, North Carolina, transportation company. The lawsuit charges the company and the trustee of its retirement plan with failing to transmit all employee contributions to the 401 (k) plan and commingling the contributions with the company’s general assets.