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The U.S. Department of Labor's Pension and Welfare Benefits Administration (PWBA) has selected National Computer Systems, Inc. of Iowa City, Iowa, to complete the development of its new Employee Retirement Income Security Act (ERISA) Filing Acceptance System, known as EFAST.

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The U. S. Department of Labor has sued the trustees, an accountant and a “shell investment entity” for imprudently investing nearly all of the retirement plan assets of Montgomery Academy, located in Gladstone, N.J., in unsecured investments.

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Buckeye Technical Services, Inc. in Columbus, Ohio, and trustees of its 401(k) plan have been ordered to repay $34,944.63 and the trustees have agreed to waive any rights to benefits from the plan as part of a consent order and judgment obtained today by the U. S. Department of Labor.

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As the result of a lawsuit filed by the U.S. Department of Labor, the International Brotherhood of Electrical Workers Local Union No. 99, based in Cranston, Rhode Island, and members of the Board of Trustees of the union’s Joint Apprenticeship and Training Committee Trust have agreed to restore a total of $246,700.66 to the trust (which is considered to be an employee benefit plan under federal law).

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The U.S. Labor Department today filed a lawsuit against a bankrupt Nashville, Tenn.- based firm, its affiliate and 401(k) plan official for failing to forward employee contributions to the plan.

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The U.S. Department of Labor filed a lawsuit against a Bloomfield Hills, Mich., company and its 401(k) plan trustee for failing to forward employee contributions to the plan.

Defendants are Mica Resources Limited, its wholly-owned subsidiary Mica Metals, Inc. and president of both companies William Zebedee. Zebedee also served as trustee to the 401(k) plan.

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SAN FRANCISCO — Bette Briggs has been named regional director of the U.S. Department of Labor’s Pension and Welfare Benefits Administration in San Francisco, Calif.

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The U.S. Department of Labor's Pension and Welfare Benefits Administration today published two proposed rules under the Employee Retirement Income Security Act of 1974 (ERISA) implementing changes in ERISA's summary plan description requirements made by the Taxpayer Relief Act of 1997 (TRA '97).

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The U.S. Department of Labor is soliciting nominations to fill five three-year vacancies on the Advisory Council on Employee Welfare and Pension Benefit Plans. The deadline for receipt of nominations is Oct. 1.

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A federal jury in Watertown, New York, has reached a guilty verdict in the eight-day trial of a Canadian charged with embezzling from the pension plan of a Massena, New York, nursing home.

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Baton Rouge-based Faith Home Health Care Services, Inc. officials were indicted by a federal grand jury in the Middle District of Louisiana for fraud involving Medicare reimbursements to the company’s pension plan.

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The U. S. Department of Labor’s ERISA Section 3(40) Negotiated Rulemaking Advisory Committee will hold public meetings on August 25 and 26 to continue discussions to develop a proposed rule that would lay out a process and criteria for determining whether an employee benefit plan is established or maintained under a collective bargaining agreement.

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For more information call: (202) 693-4650

Secretary of Labor Alexis M. Herman today joined with representatives of the American Bankers Association, the American Council of Life Insurance, and the Investment Company Institute to release new 401(k) fee disclosure tools. These new tools will help employers, especially small employers, understand the investment fees and expenses which are charged to 401(k) retirement plans.

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The U.S. Department of Labor has settled a lawsuit it had filed against Nursing Placement Home Care, Inc., of Providence, Rhode Island, for firing an employee who had complained to the Department after the company began making unauthorized deductions from the employee’s paycheck for health insurance premiums.

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Financial Application Consulting Services, Inc. in Livonia, Mich., and trustees of the company’s 401(k) plan were ordered to collectively restore $222,503.86 to the plan in a consent order and judgment obtained by the U. S. Department of Labor.

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Los Angeles - The U.S. Department of Labor announced today it filed suit July 8, 1999, in the U.S. District Court for the Central District of California against two Los Angeles corporations; their president and majority shareholder; the companies’ pension plan; and the pension plan’s trustees for breach of fiduciary duties under the Employee Retirement Income Security Act (ERISA).

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An Anniston, Ala., non-profit corporation and the former trustee of its 401(k) profit sharing plan were sued by the U. S. Department of Labor on July 8 for failure to timely remit more than $11,000 of employee contributions to the plan.

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Executives of ASA Freight Systems, Inc., a now defunct Milwaukee business, were ordered to pay more than $10,000 in restitution to participants covered by the company’s health benefit plan and were barred from managing any plans governed by federal pension law in a consent order and judgment obtained by the U.S. Department of Labor.

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The U.S. Department of Labor today settled its lawsuit with executives of Brewster Dairy, Inc., in Brewster, Ohio, who agreed to pay $333,333 to the company’s profit sharing plan. These recovered funds and any additional distributions from the limited partnership are to be prorated and allocated to individual accounts of the plan’s eligible participants except for the defendants in the case.