Archived News Release — Caution: Information may be out of date.

Trustees to employee benefit plans of Local 705 of the International Brotherhood of Teamsters in Chicago have agreed to restore $20 million owed to the local union’s pension plan by an affiliated welfare plan under a consent order and judgment obtained by the U. S. Department of Labor.

The restitution returns $16,511,985 to the pension plan which the trustees improperly transferred to the welfare benefit plan, plus interest.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor's Pension and Welfare Benefits Administration took a major step today to address concerns of the employee benefit industry about fiduciary liability and the Year 2000 (Y2K) computer problem. To help the benefit community understand these issues, the agency is releasing sample questions used by the agency's investigators to evaluate Y2K compliance in the course of civil investigations of benefit plans across the United States.

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has proposed amendments to its annual reporting regulations under the Employee Retirement Income Security Act (ERISA) to conform the regulations to the new streamlined Form 5500, schedules and instructions. The new Form 5500 will be implemented for employee benefit plans starting with 1999 plan year filings.

Archived News Release — Caution: Information may be out of date.

The trustee of a profit sharing plan covering the employees of General Steel Fabricators, Inc. in Latham, New York, agreed to appoint a successor trustee to manage the plan under the terms of a consent order and judgment obtained by the U.S. Department of Labor.

The trustee has already restored $42,521.20 to the plan, which will be credited to the accounts of eligible participants.

Archived News Release — Caution: Information may be out of date.

Michael Ted McKendree, 39, of Corte Madera, Cal., was arrested today by Special Agents of the Federal Bureau of Investigation on an eleven-count indictment returned on December 2, 1998, by a Federal Grand Jury in San Francisco. McKendree was indicted for allegedly embezzling funds from a pension plan covered by the Employee Retirement Income Security Act of 1974 (ERISA) and for mail fraud.

Archived News Release — Caution: Information may be out of date.

The San Francisco investment firm of McMorgan and Co. has paid more than $13.7 million, including interest, to 10 pension plans as part of a negotiated settlement, the U.S. Department of Labor announced today.

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

The U.S. Department of Labor filed a lawsuit today to appoint an independent trustee to terminate and distribute the assets of a 401(k) plan sponsored by the Hollywood, Fla.-based Carolina Fitness Equipment, Inc. (CFE).

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

U.S. DEPARTMENT OF LABOR

ESA Press Release: Candy Distributor Assessed $9,250 for Child Labor Violations in Washington and Oregon [11/30/1998]

For more information call: 202-693-0023

The owner of an operation that uses children to peddle candy door-to-door has been accused of violating child labor laws.

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

The U.S. Department of Labor today announced it will not adopt a proposed non- enforcement policy affecting annual reports (Form 5500s) filed by multiemployer welfare benefit plans.

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

U.S. DEPARTMENT OF LABOR

ESA Press Release: Labor Department Collects $704,385 in Back Wages for Garment Workers [11/23/1998]

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

U.S. DEPARTMENT OF LABOR

ESA Press Release: Labor Department and INS Sign Memorandum of Understanding to Enhance Labor Standards Enforcement to Aid U.S. Workers [11/23/1998]

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

The U.S. Department of Labor’s Advisory Committee on Negotiated Rulemaking will hold public meetings on December 16 and 17 at the Federal Mediation and Conciliation Service at 2100 K St., N. W., Room 200, in Washington, D.C. The committee will meet from 9 a.m. to 5 p.m. each day.

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

U.S. DEPARTMENT OF LABOR

ESA Press Release: Change in Child Labor Law Restricts 16-year-olds from Driving on Public Roads While on the Job but More Driving Allowed for 17-year-olds [11/18/1998]

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

The U.S. Department of Labor filed a lawsuit in Chicago, Ill., against Lexington Securities, Incorporated, and its plan fiduciary Paul Maton for withholding $12,608.65 of voluntary employee plan contributions in violation of the federal pension law. The Lexington Savings Incentive Plan was established on Feb. 1, 1995, as a cash or deferred profit sharing plan.

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

The owner of the Dallas-based firm ISG State Operations, Inc. was indicted today by a Dallas County grand jury for allegedly misappropriating $6,933 in 401(k) contributions owed to the company's retirement plan.

The company processed Medicaid claims under a contract with the State of Texas and sponsored the ISG State Operations, Inc. 401(k) plan. The 401(k) plan is governed by the Employee Retirement Income Security Act (ERISA).

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

The U.S. Department of Labor obtained a consent judgment and order providing for more than $1.5 million to be restored to the Teamsters Local 125 Retirement Fund in Little Falls, New Jersey.

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

The U. S. Department of Labor today granted a class exemption for purchases and sales of foreign currencies between employee benefit plans and banks or broker-dealers.

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

he U.S. Department of Labor filed a lawsuit against the owner and trustees of Building Services Unlimited, Inc., in Louisville, Ky., for failing to make requested contributions to the company’s retirement plan and paying more than fair market value for the stock contributed to the employee stock ownership plan.

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

U.S. DEPARTMENT OF LABOR

ESA Press Release: Utah Grocery Chain Has Agreed to Pay $650,000 Fine for Child Labor Violations [11/09/1998]

For more information call: (202) 693-0023

A Utah-based grocery chain with 172 stores in eight states will pay $650,000 in fines for violations of federal child labor laws. Smith's Food and Drug Centers of Salt Lake City agreed to pay the fine and refrain from future violations.

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

U.S. DEPARTMENT OF LABOR

ESA Press Release: Ohio Fast Food Company Fined $333,450 for Child Labor Violations; One Minor Injured [11/04/1998]

For more information call: 202-219-8211

An Ohio fast food restaurant company was fined $333,450 for violations of federal child labor laws after a 15-year-old cut her finger while using a meat slicer. The Labor Department found that GZK Inc. of Dayton illegally employed 42 minors.