September 1, 2005

Owner of Defunct Houston Furniture Manufacturer Sued to Restore Employee Health Insurance Premiums

Archived News Release — Caution: Information may be out of date.

Houston, Texas - The U.S. Department of Labor has sued the former owner of defunct Kemil Inc., Houston, Texas, for failing to remit $15,174 in employee-paid health premiums to Blue Cross/Blue Shield HMO of Texas.

September 1, 2005

U.S. Labor Department Obtains Order Restoring Nearly $60,000 to Defunct Lansdale Company’s 401(k) Plan

Archived News Release — Caution: Information may be out of date.

Lansdale, Pennsylvania - The U.S. Department of Labor has obtained a court order requiring David Valaika and Phoenix Technical Services Inc. to restore $56,988 to the defunct company’s 401(k) plan.

Mabel Capolongo, regional director of the department’s Employee Benefits Security Administration (EBSA) said, “We filed this case to ensure that the plan participants recoup the money they set aside for their retirement years.”

September 1, 2005

Monroe, Michigan Firm Agrees To Restore Delinquent Contributions to 401(k) Plan

Archived News Release — Caution: Information may be out of date.

Detroit, Michigan - The U.S. Department of Labor has recovered $12,378.60 in principle and interest for delinquent contributions owed to the Fox Berry Inc. 401(k) plan, resolving a suit filed in Federal District Court in Detroit against the Monroe, Mich., firm. In addition to the restitution, the court appointed an independent fiduciary to manage the assets of the retirement plan.

September 1, 2005

U.S. Labor Department Extends Annual Reports Deadline After Hurricane Katrina Hits Mississippi

Archived News Release — Caution: Information may be out of date.

WASHINGTON — The U. S. Department of Labor's Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to property damage and destruction from Hurricane Katrina in Mississippi.

September 1, 2005

U.S. Labor Department Extends Annual Reports Deadline After Hurricane Katrina Hits Louisiana

Archived News Release — Caution: Information may be out of date.

DALLAS — The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to property damage and destruction from Hurricane Katrina in Louisiana.

September 1, 2005

U.S. Labor Department Extends Annual Reports Deadline After Hurricane Katrina Hits Alabama

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

WASHINGTON—The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to property damage and destruction from Hurricane Katrina in Alabama.

August 31, 2005

U.S. Labor Department Extends Annual Reports Deadline After Tornado Hits Campbell County, Wyoming

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

Denver, Colorado - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to damages from a tornado in Campbell County, Wyoming.

August 31, 2005

U.S. Labor Department Obtains Order Restoring Nearly $60,000 to Delaware Jewelry Company’s 401(k) Plan

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

Newark, Delaware - The U.S. Department of Labor has obtained a court order requiring Foley Brofsky Inc. (FB), Foley Jewelers Christiana Inc. (FJC) and FJC’s president David A. Mazer to restore $52,214 to the companies’ 401(k) plan. Mazer must pay an additional $6,783 as restitution for lost income caused by violating the Employee Retirement Income Security Act (ERISA).

August 31, 2005

U.S. Department of Labor Obtains Consent Judgment Restoring Over $20,000 to West Chester 401(k) Plan

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

Philadelphia, Pennsylvania - The U.S. Department of Labor has obtained a consent judgment requiring the trustee to restore $20,131 in delinquent employee contributions owed to the Terminal Technologies Inc. 401(k) plan sponsored by defunct NLOCI Corporation, West Chester, Pennsylvania.

August 31, 2005

U.S. Labor Department Settlement Orders Lombard, Illinois Executive to Restore Retirement Funds and Pay Health Claims Owed to Providers

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

Chicago, Illinois - Lombard, Illinois-based Employer’s Consortium, Inc. (ECI) and its president, Andrew Cory, must pay outstanding charges owed to several medical providers and funds owed to individual retirement accounts of the Employer’s Consortium, Inc. 401(k) Plan, according to a settlement announced today by the U.S. Department of Labor.

August 29, 2005

Labor Department Proposes Electronic Filing of Form 5500 Annual Reports

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

Washington, DC - As part of its continuing effort to update and streamline the annual reporting process, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has published a proposed regulation that would require plans to file the Form 5500 Series report electronically beginning with plan filings due in 2008.

August 26, 2005

Department of Labor Announces New Rule Allowing Contracting Agencies to Obtain Wage Determinations Online

WASHINGTON—The U.S. Department of Labor (DOL) issued a final rule today that fully implements the Wage Determinations OnLine (WDOL) Internet Web site at www.wdol.gov. The new rule updates existing regulations to allow contracting agencies to request and obtain wage determinations through the online services provided by the Web site.

August 26, 2005

Labor Department Obtains Court Order Restoring Nearly $20,000 to Eagan, Minnesota 401(k) Plan

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

St. Paul, Minnesota - Former trustees of Eagan, Minnesota-based Online Data Incorporated 401(k) Profit Sharing Plan have been ordered to restore $19,978.98 in delinquent employee contributions and lost earnings to the plan. The court order also provides for the resignation of the former trustees as fiduciaries for the plan, the U.S. Labor Department announced today.

August 25, 2005

Labor Department to Strengthen Union Conflict-of-Interest Disclosure

WASHINGTON—The U.S. Department of Labor's Office of Labor-Management Standards (OLMS) will publish in Monday's Federal Register a Notice of Proposed Rulemaking to update the Form LM-30, required by the Labor-Management Reporting and Disclosure Act of 1959 (LMRDA). The LM-30 disclosure form must be used by labor union officers and employees to report potential financial conflicts of interest.

August 25, 2005

Department of Labor Requests Information from the Public On Fiduciary Responsibility Guidelines

WASHINGTON—The Office of Labor-Management Standards (OLMS) will publish a Request for Information in Monday's Federal Register to solicit public comments on whether the Labor Department should issue guidelines on section 501(a) of the Labor-Management Reporting and Disclosure Act (LMRDA). Section 501 imposes a fiduciary obligation on officers, agents, shop stewards and other representatives of labor organizations.

August 24, 2005

U.S. Labor Department Obtains Judgment Restoring Funds to Maumee, Ohio, Workers’ Retirement Program

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

Cincinnati, Ohio - The U.S. Department of Labor has obtained a judgment requiring that $38,247.72 be restored to employees’ 401(k) plan and permanently barring the president of Whitney Electric Corporation Inc., Maumee, Ohio, from serving in a fiduciary capacity for employee benefit plans governed by the Employee Retirement Income Security Act (ERISA).

August 23, 2005

Trustee of Defunct Providence, Rhode Island, Company 401(k) Plan To Restore Over $12,000 to Settle U.S. Labor Department Lawsuit

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

Boston, Massachusetts - Raymond Paolo, trustee of the Log On America Inc.’s 401(k) plan, has agreed to restore $12,664 to settle a U.S. Department of Labor lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA). The Providence, Rhode Island-based company filed for bankruptcy in summer 2002 and went into liquidation around the end of that year.

August 23, 2005

U.S. Labor Department Settlement with President of Utica, Michigan Corporation to Restore Workers’ 401(k) Assets

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

August 23, 2005

Labor Department Sues To Recover Assets Of Northwest Indiana Carpenters’ Pension Fund

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

Chicago, Illinois - The U.S. Department of Labor has sued the trustees of the Northwest Indiana District and Regional Councils of the Carpenters’ Pension Trust Fund and the owners of Sand Creek Sales and Development Inc. to recover plan losses on a $10 million land investment in the Coffee Creek real estate development in Chesterton, Ind. Assets of the pension plan were used to purchase the real estate from Sand Creek Sales and Development.

August 22, 2005

Labor Department Finalizes Qualified Professional Asset Manager Exemption

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 adopted final amendments to update financial standards and streamline record-keeping requirements of a widely used class exemption available with respect to plans whose assets are managed by qualified professional asset managers (QPAMs).