November 17, 2010

DOL announces 2011 Trade Adjustment Assistance initial funding allocations

WASHINGTON – The U.S. Department of Labor today announced initial funding allocations for Trade Adjustment Assistance for states to assist workers who lose their jobs due to outsourcing and foreign trade.

November 17, 2010

Statement by Secretary of Labor Hilda L. Solis on US Senate's failure to pass Paycheck Fairness Act

WASHINGTON – Secretary of Labor Hilda L. Solis today issued the following statement after the Senate's failure to invoke cloture (by a margin of 58 to 41) on S. 3772 – the Paycheck Fairness Act:

November 17, 2010

US Labor Department obtains judgments against trustees of New York City- based pension plan for violating employee benefits law

NEW YORK – The U.S. Department of Labor has obtained a judgment against trustee Samuel Kohl and default judgments against trustee Caren Kohl and Welko Inc. of New York City as fiduciaries of the Welko Inc. Pension Plan, permanently barring them from serving in a fiduciary capacity to any employee benefit plan covered by the Employee Retirement Income Security Act.

November 16, 2010

US Labor Department study underscores positive impact of unemployment insurance

WASHINGTON – The U.S. Department of Labor today announced the findings of a multi-year study of the impact of the Unemployment Insurance program in stabilizing the economy during a deep recession. The study was commissioned by the department and undertaken by IMPAQ International LLC and the Urban Institute.

November 16, 2010

US Labor Department sues owner of defunct Mass. & RI company to restore more than $6.6 million in misused funds owed to company pension plan

BOSTON – The U.S. Department of Labor has sued Fathalla M. Mashali, owner and president of the now defunct Northern Rhode Island Anesthesia Associates P.C. and its subsidiaries, for failing to forward more than $6 million in contributions plus interest owed to the company’s pension plan, in violation of the Employee Retirement Income Security Act. The company operated subsidiaries throughout Massachusetts and Rhode Island.

November 16, 2010

U.S. Labor Department announces nationwide enforcement actions to protect millions of dollars in worker retirement and health benefits

WASHINGTON – The U.S. Department of Labor's Employee Benefits Security Administration today announced a series of enforcement actions to protect more than $7 million for workers in retirement plans or health plans governed by the Employee Retirement Income Security Act.

November 16, 2010

U.S. Labor Department sues defunct Ocala, Fla., construction company to restore 401(k) plan assets for the benefit of plan participants

OCALA, Fla. - The U.S. Department of Labor has sued the defunct Triple T Construction Inc. and its owner, George Thompson III, to restore assets to the former company's 401(k) plan for the benefit of plan participants and beneficiaries.

November 16, 2010

U.S. Labor Department sues executive of Austin, Texas, veterinary clinic over misuse of 401(k) profit sharing plan assets

AUSTIN, Texas - The U.S. Department of Labor sued the chief financial officer and husband of the owner of bankrupt TLS Vets P.A., located in Austin, for misusing 401(k) profit sharing assets to benefit himself and the veterinary clinic.

November 16, 2010

US Labor Department sues defunct Lexington, SC, steel fabricator to restore more than $7,000 in losses suffered by retirement plan participants

LEXINGTON, S.C. – The U.S. Department of Labor is suing the former Rogers Steel Co. and its owner to restore losses suffered by participants and beneficiaries of the company’s savings incentive match plan for employees individual retirement account, or SIMPLE IRA plan. Rogers Steel Co. was a steel fabricator located in Lexington.

November 16, 2010

US Department of Labor sues Mt. Horeb Plumbing Inc. and owner to restore more than $30,000 to employee 401(k) plan

MT. HOREB, Wis. – The U.S. Department of Labor has sued Mt. Horeb Plumbing Inc. and its owner and president, Michael D. O’Connell, for failing to make $30,120.65 in contributions and for untimely remitting $49,235.15 to the company’s employee 401(k) plan in violation of the Employee Retirement Income Security Act.

November 16, 2010

U.S. Labor Department sues Dallas paralegal company and executive to recover plan assets for company's SIMPLE IRA plan

DALLAS - The U.S. Department of Labor has sued Paralegals Plus Inc. in Dallas and its chief executive officer for failure to remit employee contributions and plan assets to the company's savings incentive match plan for employees individual retirement account, or SIMPLE IRA plan and for using the plan's assets to benefit the company, in violation of the Employee Retirement Income Security Act.

November 16, 2010

U.S. Labor Department sues Charleston, SC, heating and air conditioning company to restore more than $44,000 in retirement plan losses

CHARLESTON, S.C. - The U.S. Department of Labor has sued Charleston, S.C.-based Wappoo Service Heating and Air Conditioning and its president, Perry Miles, to restore $44,250.34 in losses suffered by participants and beneficiaries of the company's savings incentive match plan for employees individual retirement account, or SIMPLE IRA plan. The lawsuit followed an investigation by the department's Employee Benefits Security Administration into alleged violations of the Employee Retirement Income Security Act.

November 16, 2010

U.S. Labor Department sues Tucson, Ariz., sand and gravel company to protect employee benefit assets

TUCSON, Ariz. - The U.S. Department of Labor has sued a former Tucson company and its owner for failing to protect the interests of the participants in the company's 401(k) profit sharing plan. In the suit, filed in the U.S. District Court for the District of Arizona, the Labor Department is seeking repayment of at least $2,000 in employee salary reductions, plus lost opportunity costs from defunct Sonora Environmental LLC and its former owner and president, Lee Jolley.

November 16, 2010

US Department of Labor sues Quality Tool and Machine Inc. and president to restore more than $9,000 to SIMPLE IRA plan

SPARTA, Wis. – The U.S. Department of Labor has sued Quality Tool and Machine Inc. of Sparta and the company’s president, Jerry Freimuth, for allegedly failing to forward $9,672 in employee contributions to the company’s savings incentive match plan for employees individual retirement account, or SIMPLE IRA plan, in violation of the Employee Retirement Income Security Act.

November 16, 2010

US Labor Department sues defunct Anaheim contractor to recover employee contributions for SIMPLE IRA plan

PASADENA, Calif. – The U.S. Department of Labor has sued a former Anaheim, Calif., mechanical subcontractor and its president to restore approximately $16,000 owed to the company’s savings incentive match plan for employees individual retirement account, or SIMPLE IRA plan.

November 16, 2010

US Labor Department sues Utah company and owner to recover plan assets for abandoned 401(k) plan

SOUTH JORDAN, Utah - The U.S. Department of Labor sued Fooptube LLC of South Jordan, and its owner, David Rushton, for failing to forward delinquent employee contributions owed to the company's 401(k) profit sharing plan in violation of the Employee Retirement Income Security Act.

November 16, 2010

U.S. Labor Department sues Florida Family Magazine to restore retirement plan assets to plan participants and beneficiaries

SARASOTA, Fla. - The U.S. Department of Labor has sued Florida Family Magazine and its owner, Mary Elizabeth Winkle, to restore employer and employee assets owed to the company's savings incentive match plan for employees individual retirement account, or SIMPLE IRA plan, for the benefit of plan participants and beneficiaries.

November 16, 2010

U.S. Labor Department sues Kirkland, Wash., firm and officers over delinquent contributions owed to 401(k) plan

SEATTLE - Kirkland, Wash.-based Kineticsware Inc. and executives of the company were sued by the U.S. Department of Labor for allegedly failing to timely remit employee and matching employer contributions to the company's 401(k) plan.

November 16, 2010

US Labor Department sues Dallas-based Calypso Waterjet Systems and its officers to recover workers’ 401(k) contributions and payments

DALLAS – The U.S. Department of Labor has sued Calypso Waterjet Systems Inc. of Dallas and its officers for allegedly failing to forward employee contributions and loan repayments to the company’s 401(k) plan and for misusing plan assets for the benefit of the company in violation of the Employee Retirement Income Security Act.

November 16, 2010

U.S. Labor Department sues executive of defunct Newburgh, NY, employer to restore funds to company SIMPLE IRA retirement plan

NEW YORK - The U.S. Department of Labor has sued an officer of defunct Finnegan's Moving & Warehouse of Newburgh, N.Y., for failing to forward delinquent employee and employer contributions to the company's savings incentive match plan for employees individual retirement account, or SIMPLE IRA plan in violation of the Employee Retirement Income Security Act.