February 16, 2006

Labor Department Sues to Appoint Independent Fiduciary for Abandoned Kearny, N.J., Retirement Plan

Archived News Release — Caution: Information may be out of date.

Kearny, New Jersey - The U.S. Department of Labor has sued to appoint Jacqueline Carmichael as an independent fiduciary authorized to manage the 401(k) plan of Universal Freight Systems, a defunct corporation headquartered in Kearny, New Jersey. The plan has been without oversight since the company ceased doing business in February 2002.

February 16, 2006

U.S. Labor Department Obtains Settlement Restoring More Than $118,000 To Retirement Fund of Defunct Lehigh County Company

Archived News Release — Caution: Information may be out of date.

Philadelphia, Pennsylvania - The U.S. Department of Labor has obtained a consent judgment requiring Cathy Milder to restore $118,736 to her company’s pension plan. Milder was a trustee of the benefit plan and owner of the plan’s sponsor, G&M Land Development Inc., a Wescosville, Pennsylvania, mobile home business that ceased operations in 1999.

February 15, 2006

Labor Department Unveils Resource to Help Americans Plan for Retirement

Archived News Release — Caution: Information may be out of date.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 released a new resource to help Americans calculate the financial resources they will need to ensure a secure retirement.

February 15, 2006

Assistant Secretary of Labor Combs to Address Oklahoma City Business Owners on Administration’s Health Care Agenda

Archived News Release — Caution: Information may be out of date.

February 14, 2006

Labor Department Sues Officers of Hudson, Ohio, Business To Recover 401(k) Plan Losses

Archived News Release — Caution: Information may be out of date.

Cleveland, Ohio - The U.S. Department of Labor has sued Harold Hopkins and Linda Hopkins, officers of Vista Financial Group Inc., Hudson, Ohio, in federal district court in Cleveland to recover 401(k) plan losses that resulted from fiduciary breaches by the Hopkins. Circle Trust Company also is named in the lawsuit because it is custodian of the plan’s assets.

February 13, 2006

U.S. Labor Department Sues Former President of Detroit Company To Restore Employee Contributions to 401(k) Plan

Archived News Release — Caution: Information may be out of date.

Detroit, Michigan - The U.S. Department of Labor sued the former president and part-owner of Accutek Services Inc, Detroit, Michigan, to restore losses suffered by the company’s 401(k) plan when he failed to remit employee contributions, used plan assets to operate the company and failed to administer the plan.

February 13, 2006

Assistant Secretary of Labor Addresses Grand Rapids Benefits Professionals

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

Grand Rapids, Michigan - U.S. Assistant Secretary of Labor Ann L. Combs spoke to members of the American Society of Pension Professionals and Actuaries (ASPPA) in Grand Rapids, Michigan, today to highlight the Bush Administration’s priorities to encourage retirement security and make healthcare more affordable for American workers, retirees and their families.

February 9, 2006

Labor Department Hosts EU-US Information Exchange
On Disability Employment Issues and Trends

WASHINGTON-Innovations such as high technology vehicles for wheel chair users in Europe and new information technologies that level the playing field for working people with disabilities on both sides of the Atlantic were among many topics covered during a meeting here this week of government and private sector officials from the European Union and the United States.

February 9, 2006

Labor Department Legal Action Restores Delinquent Contributions to Toledo Company’s Pension Plan

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

Cincinnati, Ohio - The U.S. Department of Labor has recovered $42,372.21 in employee contributions that were deducted from workers’ pay at A.C. Leadbetter & Sons Inc., Toledo, Ohio, but were never forwarded to the company’s pension plan. The figure includes $4,089.21 in interest on the delinquent contributions.

February 9, 2006

U.S. Labor Department Obtains Appointment of Independent Fiduciary for Abandoned Latham, New York, 401(k) Plan

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

Albany, New York - The U.S. Department of Labor has obtained a federal court order appointing an independent fiduciary to manage the abandoned 401(k) plan originally sponsored by Green Appliances Inc., Latham, New York.

February 8, 2006

Labor Department Announces Web Page and Media Registration for 2006 SAVER Summit

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

Washington, DC - Today, the U.S. Department of Labor announced a new Web page of up-to-date activities in connection with the 2006 National Summit on Retirement Savings. The Summit will take place March 1-2 at the Willard Intercontinental Hotel, 1401 Pennsylvania Avenue, NW, Washington, DC.

February 8, 2006

U.S. Labor Department Obtains Settlement Restoring Funds to Profit Sharing Plan of Defunct Charleston Business

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

February 7, 2006

Labor Department Sues Officer of Oakland County Business For Failing to Properly Administer 401(k) Plan

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

Detroit, Michigan - The U.S. Department of Labor has sued former president of now-defunct Application Technology Group Inc., Oakland County, Michigan, for failing to terminate the company’s 401(k) plan so that assets could be distributed to plan participants.

February 7, 2006

Labor Department Obtains Appointment of Independent Fiduciary for Abandoned New York 401(k) Plan

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

New York, New York - The U.S. Department of Labor has obtained a federal court order appointing Jacqueline Carmichael as the independent fiduciary to manage the abandoned 401(k) plan of IFrame, Inc., New York, New York.

February 7, 2006

Labor Department Sues Defunct Pittsburgh Company Over 401(k) Retirement Savings Plan Violations

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

Philadelphia, Pennsylvania - The U.S. Labor Department sued Expert Dry Wall Company Inc. and its president Valerie Kelly for transferring plan assets to Kelly and her sister from the company’s 401(k) savings plan and other violations. The company ceased operations October 2001.

February 6, 2006

Careerbuilder.com Pays Over Half Million to Resolve
Alleged Overtime Violations of Federal Wage Law

CHICAGO — Internet employment recruiter Careerbuilder.com, headquartered in Chicago, has paid $524,216 to 677 workers to resolve allegations of overtime pay violations of the Fair Labor Standards Act (FLSA) brought by the U.S. Department of Labor's Wage and Hour Division.

"We have recovered over half-a-million dollars for these workers," said Secretary of Labor Elaine L. Chao. "We are committed to ensuring that workers are paid all the wages they have earned."

February 6, 2006

Labor Department Obtains Nearly $530,000 in Back Pay and Damages for Employees of Baltimore Organization

BALTIMORE — A federal district court has ordered Self Pride Inc. of Baltimore, Md., and its president, executive director and chief executive officer to pay $372,664 in overtime back wages to 392 current and former employees following a trial before U.S. District Court Judge Richard D. Bennett. The court also ordered Self-Pride to pay $155,240 in liquidated damages.

February 2, 2006

Labor Department Updates Exemptions Permitting Transactions With Financial Institutions and Insurers

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

February 1, 2006

Labor Department Obtains Appointment of Independent Fiduciary for Abandoned Buffalo, N.Y., Retirement Plan

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

Buffalo, New York - The U.S. Department of Labor has obtained a federal court order appointing an independent fiduciary to manage the abandoned retirement plan of the Geneva B. Scruggs Community Health Care Center of Buffalo.