July 23, 1998

EBSA Press Release: Labor Department Re-Affirms Warning to Employee Benefit Plan Administrators about Year 2000 Software Problems [07/23/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921

The U.S. Department of Labor's Pension and Welfare Benefits Administration (PWBA) today re-affirmed the need for employee benefit plan administrators and service providers to act to protect workers' benefits against the looming year 2000 (Y2K) software problem.

July 21, 1998

Labor Department Settles Case With Investment Advisers Inc. Over Fees Issues

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today settled a lawsuit on Monday, July 20, with Investment Advisers, Inc. (IAI), a Minneapolis-based investment management company, regarding inappropriate fees paid to its affiliate, IAI Securities (IAIS), in connection with investment management services provided to certain employee benefit plans and to its own in- house pension and profit sharing plans.

July 17, 1998

EBSA Press Release: ERISA Advisory Council Working Groups to Hear Testimony in August [07/17/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921

The three working groups formed this year by the Advisory Council on Employee Welfare and Pension Benefit Plans will hold public meetings Aug. 11 and 12. All sessions will take place in Conference Room N-4437 C&D at the U.S. Department of Labor's Frances Perkins Building, 200 Constitution Avenue NW, Washington, DC.

July 16, 1998

News Release Archive: ESA Press Release: U.S. Department of Labor Sues Excel Corporation Seeking Compliance with Federal Overtime Law

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: U.S. Department of Labor Sues Excel Corporation Seeking Compliance with Federal Overtime Law [07/16/1998]

July 2, 1998

EBSA Press Release: Secretary of Labor Designates Head for Pension Agency [07/02/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921

Secretary of Labor Alexis M. Herman today delegated the duties of the Assistant Secretary of Labor for the Pension and Welfare Benefits Administration (PWBA) to Meredith Miller. Miller, who has served as PWBA's Deputy Assistant Secretary for Policy for the last 5 years, will carry out the duties of Assistant Secretary until a permanent candidate is appointed to fill the post.

July 1, 1998

EBSA Press Release: 401(k) Plan Participants Have New Source of Information on Fees [07/01/1998]

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

For more information call: (202) 219-8211

Secretary of Labor Alexis M. Herman today released A Look at 401(k) Plan Fees, a 19-page, educational booklet to help consumers understand the fees and expenses associated with 401(k)plan accounts.

June 30, 1998

Albuquerque Firm And President Sued Over 401(K) Plan Investments

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

The U. S. Department of Labor has sued Miletus Associates Inc. and its president for making over $120,000 in improper transfers and a loan from the company’s 401(k) plan to the defendants.

Miletus Associates is an Albuquerque, N.M.-based engineering firm which manufactures airborne surveillance equipment. The company’s 401(k) plan covered 29 participants and had $371,052.57 in assets as of February 1996.

June 24, 1998

News Release Archive: ESA Press Release: Department of Labor Finds Young Children Illegally Employed in Agriculture near Las Cruces, New Mexico

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

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Department of Labor Finds Young Children Illegally Employed in Agriculture near Las Cruces, New Mexico [06/24/1998]

June 24, 1998

News Release Archive: OIG Press Release: U.S. Department of Labor Contract Employee and Co-conspirator Pled Guilty to Embezzling More than a Half Million Dollars from the Division of Longshore and Harbor Workers' Compensation Program

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

U.S. DEPARTMENT OF LABOR

Office of the Inspector General

OIG Press Release: U.S. Department of Labor Contract Employee and Co-conspirator Pled Guilty to Embezzling More than a Half Million Dollars from the Division of Longshore and Harbor Workers' Compensation Program [06/24/1998]

June 24, 1998

EBSA Press Release: ERISA Advisory Council Working Groups to Hear Testimonies in July [06/24/1998]

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

For more information call: (202) 219-8921

The three working groups formed this year by the Advisory Council on Employee Welfare and Pension Benefit Plans, more popularly known as the ERISA Advisory Council, will hold public meetings July 7 and 8. All sessions will take place in Conference Room N-4437 C&D at the U.S. Department of Labor's Frances Perkins Building, 200 Constitution Avenue NW, Washington, D.C.

June 23, 1998

EBSA Press Release: Labor Department Releases New Form 5500 Submitted to OMB for Approval [06/23/1998]

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

June 9, 1998

News Release Archive: ESA Press Release: Labor Department Highlights Job Safety for Teens in Summer Jobs

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

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Labor Department Highlights Job Safety for Teens in Summer Jobs [06/09/1998]

June 9, 1998

Labor Department Recovers Over $2 Million For Union Pension Plans

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

The U. S. Department of Labor obtained a settlement agreement with trustees of the Connecticut Plumbers and Pipefitters pension fund and a former securities broker requiring them to pay more than $2.4 million in restitution and civil penalties. The settlement also requires the trustees to establish procedures on and monitor investments by the plan.

June 5, 1998

News Release Archive: ESA Press Release: U.S. Labor Department Cites Kmart Corporation for Federal Child Labor Violations

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

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: U.S. Labor Department Cites Kmart Corporation for Federal Child Labor Violations [06/05/1998]

For more information call: (202) 219-8211

Kmart Corporation, headquartered in Troy, Michigan, was fined $33,600 by the U.S. Labor Department for allowing underage workers to operate hazardous equipment at three of its stores.

June 4, 1998

Louisiana Home Health Care Providers Sued for Misuse of Pension

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

The U.S. Department of Labor today sued five home health care firms located throughout Louisiana, their principals and trustees of the firms’ pension plans for improperly using pension plan assets to benefit affiliated companies and plan trustees and to purchase the stock of a related company.

June 4, 1998

EBSA Press Release: Labor Secretary Herman Says First Saver Summit is a Step to Securing the Future of America's Workers [06/04/1998]

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

For more information call: 202/219-8921

Washington, D.C. - In an effort to educate Americans about the importance of saving for retirement, Secretary of Labor Alexis M. Herman will join President Clinton and members of Congress for the first National Summit on Retirement Savings. It will be held at the Hyatt Regency Capitol Hill in Washington, D.C. today and Friday, June 5.

June 4, 1998

Chicago Attorney Sentenced To Jail In Pension Fraud Scheme

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

Chicago attorney George C. Hook was sentenced to seven years in prison and ordered to make $735,566 in restitution to the pension plan of Wittek Industries, now under trusteeship of the Pension Benefit Guaranty Corporation. The May 26 sentencing took place in the federal district court in Peoria, III. Hook was convicted May 29, 1997 of wire fraud, theft from a pension plan and money laundering for his role in raiding the company's pension plan.

June 2, 1998

EBSA Press Release: Labor Department Unveils New Interactive Website for Small Businesses [06/02/1998]

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

For more information call: (202) 219-8921

Small Business Administration Encourages Business Use

Secretary of Labor Alexis Herman today unveiled a new interactive website for small business owners who want to start a retirement savings plan for their employees.

May 29, 1998

Ohio Bank And Executives Sued For Misusing ESOP Assets

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

Haverfield Corp. of Cleveland and certain corporate executives misused assets of the Haverfield Corp employee stock ownership plan (ESOP) to purchase company stock for the plan at artificially inflated prices, according to a lawsuit filed today by the U. S. Department of Labor.

May 27, 1998

EBSA Press Release: ERISA Advisory Council and Working Groups to Meet in June [05/27/1998]

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

For more information call: (202) 219-8921

The Advisory Council on Employee Welfare and Pension Benefit Plans, more popularly known as the ERISA Advisory Council, and its three recently-formed working groups will hold public meetings June 8 and 9. All sessions will take place in Conference Room N-4437 C&D at the U.S. Department of Labor's Frances Perkins Building, 200 Constitution Avenue NW, Washington, D.C.