MERIDIAN, Miss. — Following a 19-day trial, a U.S. District Court judge has issued a judgment and order requiring fiduciaries to pay more than $6.48 million to the two employee stock ownership plans sponsored by Bruister and Associates Inc. The order stems from a lawsuit filed by the U.S. Department of Labor in U.S. District Court for the Southern District of Mississippi, Northern Division, alleging that the fiduciaries caused the plans to pay too much for BAI stock.

Date of Action:  Oct. 28, 2014

Type of Action: Consent Judgment and Order

Names of Defendants: All American Rentals Inc., Michael Carter, and the AAR Inc. 401(k) Plan

Date of Action: Oct. 29, 2014

Name(s) of Defendant: David Braunsberg, Quality Control Pattern & Model Inc. and Quality Control Pattern & Model Inc. SIMPLE IRA

Allegations: Based on an investigation conducted by the U.S. Department of Labor’s Employee Benefits Security Administration, the Secretary of Labor filed a complaint alleging the following:

Date of Action: Oct. 23, 2014

Type of Action: Complaint Filed

Name of Defendant: Spartan Roofing Company Inc. and the Spartan Roofing Company Inc. Profit Sharing Plan in Lansing, Michigan

Allegations: Spartan Roofing Company Inc. failed to formally terminate the Spartan Roofing Company Inc. Profit Sharing Plan and process distributions to employees who were entitled to their retirement benefits in the Plan, in violation of the Employee Retirement Income Security Act of 1974. As of June 27, 2014, the Plan had 13 participants and assets totaling $397,369.23.

WASHINGTON — The U.S. Department of Labor's Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will meet Monday, Nov. 3, and Tuesday, Nov. 4. The two-day meeting will take place at the U.S. Department of Labor, 200 Constitution Ave. NW, Washington, DC 20210. On Nov. 3, the meeting will take place in C-5320, Room 6, from 1 p.m. to 5 p.m. EST. On Nov. 4, the meeting will take place from 8:30 a.m. to approximately 4 p.m.

Date of Action: October 10, 2014

Type of Action: Default Judgment

Name of Defendant: Rodger D. Ferguson, Industrial Surfacing Corp., Industrial Surfacing Corp 401(k) Plan

Date of Action: October 8, 2014

Type of Action: Complaint

Name of Defendant: Raydar Inc., formerly known as Raydar & Associates Inc., Raydar & Associates Inc. Safe Harbor 401(k) Plan

Date of Action: October 6, 2014

Type of Action: Complaint

Name of Defendant: H.C. Watson Corp., doing business as Interim HealthCare, James C. Watson and Melissa Moore

Date of Action: October 1, 2014

Type of Action: Complaint

Name of Defendant: Holden Sand & Gravel, Joseph Montalto, fiduciary for the Holden Sand and Gravel SIMPLE IRA Plan

DALLAS – The U.S. Department of Labor has sued Eclipse Freight Systems Inc. and its owner Christopher L. McDougal in an effort to recover about $62,000 in employee retirement contributions. The department's lawsuit, filed in U.S. Northern District Court of Texas, Fort Worth Division, alleges that Mr. McDougal and his company violated the Employee Retirement Income Security Act of 1974 by using assets belonging to the employee retirement plan for the benefit of his business operations.

WASHINGTON — The U.S. Department of Labor has sued Eclipse Freight Systems Inc. and its owner Christopher L. McDougal in an effort to recover about $62,000 in employee retirement contributions. The department's lawsuit, filed in U.S. Northern District Court of Texas, Fort Worth Division, alleges that Mr. McDougal and his company violated the Employee Retirement Income Security Act of 1974 by using assets belonging to the employee retirement plan for the benefit of his business operations.

WASHINGTON — The U.S. Departments of Labor, Health and Human Services, and Treasury today published a final rule that adjusts regulations originally issued under the Health Insurance Portability and Accountability Act of 1996 regarding dental and vision benefits. The new rule also expands the definition of excepted benefits to include employee assistance programs.

WASHINGTON – The U.S. Department of Labor's Employee Benefits Security Administration today announced a proposed regulation that would require electronic filing of "top hat" plan statements, and apprenticeship and training plan notices.

Date of Action:  Sept. 22, 2014

Type of Action: Consent Judgment

Name(s) of Defendant(s): Nohl Crest Homes Corp., Kenneth R. Emery, Peter G. Tibma, and Nohl Crest Homes Corp. Employee Stock Ownership Plan and Jose Fernandez, Third Party Defendant

Date of Action: Sept. 22, 2014

Type of Action: Complaint, U.S. District Court for the Northern District of Indiana

Names of Defendant: Hanco Inc., doing business as Classico Seating, Harry T. Richardson Jr., the Hanco Inc. 401(k) Plan, the Hanco Inc. Health Plan and the Hanco Inc. Dental Plan

Date of Action: Sept. 16, 2014

Type of Action: Complaint

Name(s) of Defendant(s):  Gulf Shores Marina LLC, Laura M. Prioli, Stephen C. Main, and the GSM/RYS 401(k) Plan 

Date of Action: Sept. 9, 2015

Type of Action: Consent Judgment and Order

Defendants: American Materials Corp. and Donald J. Bercowetz

Date of Action: Sept. 11, 2014

Type of Action: Complaint

Name(s) of Defendants: Polar Dry Ice Inc. and Polar Dry Ice Inc. 401(k) plan

Allegations: Based on an investigation conducted by the U.S. Department of Labor’s Employee Benefits Security Administration, the Secretary of Labor filed a complaint alleging the following:

Date of Action: Sept. 10, 2014

Type of Action: Consent order and judgment

Name(s) of Defendant(s): David Kephart, Timothy Kephart, Kephart Trucking Co., and the Kephart Trucking Co. 401(k) plan

Allegations: Based on an investigation conducted by the U.S. Department of Labor’s Employee Benefits Security Administration, the Secretary of Labor filed a complaint alleging the following:

WASHINGTON — An open meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will take place Monday, Sept. 29, from 10 a.m. to 5 p.m. EDT. The council will discuss reports and recommendations on the issues of pharmacy benefit manager compensation and fee disclosure, outsourcing employee benefit plan services and facilitating lifetime plan participation.