January 30, 1998

Blue Cross/Blue Shield Of Massachusetts To Refund $10 Million To Health Participants And Employers

Archived News Release — Caution: Information may be out of date.

A U.S. federal judge today ordered Blue Cross/Blue Shield of Massachusetts to repay $10 million to participants in and sponsors of private-sector health plans covered under the Employee Retirement Income Security Act(ERISA).

January 29, 1998

Inglewood 401(K) Plan Trustee Charged With Misusing Pension Money

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor filed a lawsuit yesterday against the owner of Computer Software Analysts, Inc., based in Inglewood, Calif., for failing to transmit employer and employee contributions to the company’s 401(k) plan.

January 26, 1998

Ohio Plan Sponsor And Trustees Ordered To Pay More Than $41,000 Of Additional Benefits To Participants For Under Calculating Benefits

Archived News Release — Caution: Information may be out of date.

The sponsor and trustees of the Dick DeRoberts & Co. Pension Plan in Columbus, Oh., were ordered to pay $41,577.31 in additional benefits to participants for improperly amending plan documents in a manner that adversely affected the participants in violation of federal pension law, according to a consent order and judgment obtained by the U.S. Department of Labor.

January 14, 1998

EBSA Press Release: Labor Department Announces Procedure for State-Registered Investment Advisers to Obtain ERISA Investment Manager Status [01/14/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921

The U.S. Department of Labor today announced a new procedure state-registered investment advisers must follow in order to obtain investment manager status under federal pension law.

January 9, 1998

Ohio Businessman Sentenced For Embezzling Pension Assets

Archived News Release — Caution: Information may be out of date.

A Macksburg, Ohio businessman, Paul M. Hetrick, was sentenced today to two years of probation and 4 months’ home incarceration by electronic monitoring. Hetrick has agreed to make full restitution of $23,310 to the plans.

November 25, 1997

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

Archived News Release — Caution: Information may be out of date.

 

November 25, 1997

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

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

Contact Name: Sharon Morrissey
Phone Number: 202.219.8921

The U.S. Department of Labor has issued a final rule governing the timing of deposits by employers of participant contributions to Savings Incentive Match Plans for Employees (SIMPLE plans) involving Individual Retirement Accounts (IRAs).

November 24, 1997

EBSA Press Release: Department of Labor Promotes Retirement Savings Through SAVER Act [11/24/1997]

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

For more information call: 202/219-8211

President Bill Clinton has signed into law the Savings Are Vital to Everyone Retirement Act of 1997, known as the "SAVER Act." The SAVER Act will promote awareness of the importance of retirement savings through a series of outreach programs to be spearheaded by the U.S. Department of Labor.

November 24, 1997

EBSA Press Release: Department of Labor Promotes Retirement Savings Through SAVER Act [11/24/1997]

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

November 10, 1997

EBSA Press Release: Labor Secretary Alexis Herman Calls for Hearings on 401(K) Fees [11/10/1997]

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

October 28, 1997

EBSA Press Release: Labor Secretary Alexis M. Herman Stresses the Importance of Retirement Savings [10/28/1997]

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

October 23, 1997

EBSA Press Release: ERISA Advisory Council to Hold Public Meetings in November [10/23/1997]

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

October 17, 1997

EBSA Press Release: Labor Department Reopens Nomination Period for Employee Benefits Advisory Council [10/17/1997]

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

October 16, 1997

EBSA Press Release: Labor Department Seeks Public Comment on 401(k) Plan Fees at November Hearing [10/16/1997]

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

October 1, 1997

EBSA Press Release: Labor Department Extends Nomination Period For Employee Benefits Advisory Council [10/01/1997]

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

September 25, 1997

EBSA Press Release: ERISA Advisory Council To Hold Public Meetings In October [09/25/1997]

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

September 24, 1997

Labor Department Settles Lawsuit Against California Company Over Unpaid Health Claims

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

September 23, 1997

EBSA Press Release: Labor Department Requests Information On Notice Provisions Of Cobra Coverage [09/23/1997]

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

September 23, 1997

Philadelphia Plan Trustee is Sentenced to Six Months for Embezzlement

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

September 9, 1997

Laborer's Fund Administrator Pleads Guilty to Pension Fraud

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