News Releases

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February 11, 2002

Labor Department Finalizes Exemption For Plans Engaging In Securities Cross-Trades

Archived News Release — Caution: Information may be out of date.

February 8, 2002

Nevada Court Freezes Assets of Health Associations And Principals of Employers Mutual

San Francisco, California - The assets of Carson City-based Employers Mutual, LLC, affiliated associations and their principals were frozen and the appointment of the independent fiduciary to the health plans was extended under a preliminary injunction granted February 1, 2002, by a Reno, Nevada federal court. The health plan provides benefits to more than 22,000 participants and beneficiaries nationwide.

February 7, 2002

Labor Department Sues Colorado Trustee For Failure To Make Timely Plan Deposit

Archived News Release — Caution: Information may be out of date.

February 7, 2002

U.S. Secretary of Labor Elaine L. Chao Announces 2002 Retirement Saver Summit Agenda

Archived News Release — Caution: Information may be out of date.

February 6, 2002

Labor Secretary Elaine L. Chao Says Americans Deserve Choice, Confidence and Control in Retirement Security

Archived News Release — Caution: Information may be out of date.

WASHINGTON –U.S. Labor Secretary Elaine L. Chao today testified before the House Committee on Education and the Workforce, outlining the President's proposal to protect workers' retirement security.

"The President's proposal will help those saving for retirement by giving workers more choice, confidence and control over their retirement plans," said Chao.

February 5, 2002

Labor Secretary Elaine L. Chao Announces Delegates To 2002 Retirement Saver Summit

WASHINGTON--Secretary of Labor Elaine L. Chao today announced the 200 appointed delegates to the 2002 National Summit on Retirement Savings scheduled to take place February 27 - March 1, 2002 at the Capital Hilton in Washington, D.C.

"The SAVER Summit is a unique opportunity to encourage Americans to save and plan for the future," Chao stated. "It is my privilege today to announce the distinguished group of delegates appointed to the 2002 SAVER Summit. Their knowledge and experience will ensure a meaningful discussion of an issue that is vital to our nation.

January 24, 2002

Agencies Release Year 2001 Form 5500 and Form 5500-EZ

Archived News Release — Caution: Information may be out of date.

January 23, 2002

Labor Department Sues Hennepin County Financial Group For Failing to Forward Employees’ Withholdings to Pension Plan

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

January 18, 2002

Labor Department Sues Northfield, Illinois 401(k) Trustee For Misusing Pension Assets

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

Chicago, Illinois - A Northfield, Illinois, company and its 401(k) plan trustee were sued by the U.S. Department of Labor for failing to segregate and remit $8,669.04 in employee contributions to the plan, which also is owed lost opportunity costs.

January 14, 2002