October 4, 1999

Defunct Georgia Lighting Company And Owner Sued For Abusing 401(K) And Health Assets

Archived News Release — Caution: Information may be out of date.

Georgian Art Lighting Designs, Inc. of Lawrenceville, Ga., and its owner have been sued by the U. S. Department of Labor for failing to deposit $48,988 of employee contributions into the company’s 401(k) plans and medical plan accounts.

September 22, 1999

ERISA Advisory Council's Working Groups To Meet On 1999 Study Issues

Archived News Release — Caution: Information may be out of date.

The Secretary of Labor’s Advisory Committee on Employee Welfare and Pension Benefit Plans will hold meetings for its three working groups on Oct. 5 and 6. All sessions will be held in Room N3437 A-B at the Department of Labor’s Frances Perkins Building at 200 Constitution Avenue NW, Washington, DC.

September 20, 1999

Advisory Committee On Negotiated Rulemaking To Hold Public Meetings

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor’s ERISA Section 3(40) Negotiated Rulemaking Advisory Committee will hold public meetings on October 13 and 14 to continue its discussion of the process and criteria to be used in developing a proposed rule on whether an employee benefit plan is established or maintained under a collective bargaining agreement.

September 16, 1999

New York Pension Fund Trustees Agree To Reimburse Plans

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor reached a settlement in three related lawsuits with trustees of three pension fund plans, based in Utica and Massena, which result in $3 million being repaid to the plans.

The defendants in the three separate lawsuits, which were filed concurrently June 12, 1998, in the Federal District Court in Binghamton, and the amounts they agreed to pay the pension plans are:

September 15, 1999

Waterport, New York, Man Pleads Guilty To Federal Criminal Charges Regarding The Misuse Of Employee Pension Funds

Archived News Release — Caution: Information may be out of date.

William David Dickinson of Waterport, New York, has agreed to plead guilty to a one count criminal information regarding the misuse of employee pension funds in violation of the Employee Retirement Income Security Act (ERISA), which is administered by the U.S. Department of Labor.

September 9, 1999

New York Bank Sued By U.S. Department Of Labor To Recover Losses To Employee Stock Ownership Plan For Which Bank Was Trustee

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

Marine Midland Bank, based in Buffalo, New York, has been sued by the U.S. Department of Labor to recover losses to a North Tonawanda, New York, employee stock ownership plan for which the bank had served as Trustee.

September 8, 1999

Labor Department Reaches Settlement With Grigsby Brothers Paper Box Manufacturers, Portland, IN Pension Case

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

September 7, 1999

Computer Firm Wins Competition To Process Annual Report Filings

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

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.

August 27, 1999

Labor Department Sues To Recover Money For New Jersey Academy Pension Plan

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

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.

August 25, 1999

Ohio Firm And 401(K) Trustees Ordered To Restore Plan Assets

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

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.

August 24, 1999

Rhode Island Labor Union And Employee Benefit Plan's Board Of Trustees Agree To Restore Nearly $250,000 To The Plan As The Result Of U.S. Labor Department Lawsuit

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

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).

August 16, 1999

Labor Department Sues Nashville Employer Over Failure To Put Employee Contributions Into 401(K) Plan

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

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.

August 13, 1999

Labor Department Sues Bloomfield Hills Company For Failing To Forward Contributions To Plan

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

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.

August 10, 1999

Regional Director Named To Head Federal Pension Agency In San Francisco

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

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.

August 5, 1999

Labor Department Proposes Two Rules To Implement Summary Plan Description Requirements In Taxpayer Relief Act Of 1997

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

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).

August 2, 1999

Labor Department Solicits Nominations For Employee Benefits Advisory Council

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

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.

July 30, 1999

Canadian Convicted Of Embezzling Retirement Funds From Massena, New York, Nursing Home

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

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.

July 23, 1999

Baton Rouge Home Health Company Officials Indicted For Pension Plan Fraud

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

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.

July 20, 1999

Advisory Committee On Negotiated Rulemaking To Hold Public Meetings

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

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.

July 15, 1999

EBSA Press Release: Labor Secretary Herman Announces New Disclosure Information on 401(k) Fees [07/15/1999]

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

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.