August 9, 2005

Former New Jersey Executive Restores $105,707 to 401(k) Plan After Pleading Guilty to Theft

Archived News Release — Caution: Information may be out of date.

Somerset, New Jersey - Richard J. Valenti, owner of Valairco Inc., Green Brook, New Jersey, pled guilty to the theft of $105,707 of employee benefit plan assets from the company’s 401(k) plan. Valenti has already made restitution to the plan.

August 4, 2005

Labor Department Sues to Appoint Independent Fiduciary for Abandoned Englewood, Colorado, Profit Sharing Plan

Archived News Release — Caution: Information may be out of date.

Denver, Colorado - The U.S. Department of Labor has sued to appoint a successor fiduciary to manage the 401(k) profit sharing plan of defunct Sirius Inc., Englewood, Colorado.  The company’s 401(k) plan has been without oversight since the company ceased doing business in 2002.

August 1, 2005

Labor Department Solicits Nominations for 2006 ERISA Advisory Council

Archived News Release — Caution: Information may be out of date.

Washington, DC - 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, known as the ERISA Advisory Council. The deadline for receipt of nominations is October 1, 2005.

August 1, 2005

Charleston Profit Sharing Plan Trustee Sued to Restore Plan Losses

Archived News Release — Caution: Information may be out of date.

Charleston, West Virginia - The U.S. Labor Department has filed a lawsuit against Richard Lewis, trustee of the profit sharing plan of Benefit Services Inc., Charleston, West Virginia, to restore losses resulting from violations of the Employee Retirement Income Security Act (ERISA).

The suit also seeks to permanently bar Lewis from serving as a fiduciary to any ERISA-covered plan in the future.

July 27, 2005

Labor Department Sues to Appoint Independent Fiduciary for Abandoned Gainesville, Florida, Profit Sharing Plan

Archived News Release — Caution: Information may be out of date.

Atlanta, Georgia - The U.S. Department of Labor has sued to appoint a successor fiduciary to manage a defunct Gainesville, Georgia, company’s employee profit sharing plan. Primecare of North Florida’s plan has been without oversight since the company ceased doing business in 2002.

July 26, 2005

Top Disability Employment Official Participates in 15th Anniversary Celebration of the Americans with Disabilities Act

WASHINGTON—Assistant Secretary Roy Grizzard, head of the Labor Department's Office of Disability Employment Policy (ODEP), participated today in a celebration of the 15th anniversary of the Americans with Disabilities Act (ADA). The event, held at the Marriot Metro Center from 9 a.m. to 1 p.m., featured workshops focusing on various disability-related issues.

July 26, 2005

U.S. Labor Secretary Elaine L. Chao Praises Senate Finance Chairman Grassley On Pension Reform Bill Markup

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

WASHINGTON—U.S. Secretary of Labor and Chairman of the Board of the Pension Benefit Guaranty Corp. Elaine L. Chao today praised Chairman Charles Grassley for his leadership of the Senate Finance Committee in acting quickly to pass bipartisan legislation to reform the nation's pension systems. The Committee unanimously approved the bill.

July 26, 2005

U.S. Labor Secretary Elaine L. Chao Applauds House Passage of Bush Administration's Plan To Reduce Number of Uninsured Americans

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

WASHINGTON — U.S. Labor Secretary Elaine L. Chao made the following statement following the passage of H.R. 525, the Small Business Health Fairness Act, by the U.S. House of Representatives:

July 25, 2005

Labor Department Releases Advance Form 5500 Annual Report And Filing Requirements

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) today released advance copies of the 2005 Form 5500.

July 25, 2005

U. S. Labor Department Extends Annual Reports Deadline After Hurricane Dennis Hits Florida

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

ATLANTA- The U. S. Department of Labor's Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to damages from Hurricane Dennis in Florida.

July 25, 2005

U. S. Labor Department Extends Annual Reports Deadline After Hurricane Dennis Hits Alabama

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

ATLANTA - The U. S. Department of Labor's Employee Benefits Security Administration (EBSA) today announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to damages from Hurricane Dennis in Alabama.

July 25, 2005

Labor Department Obtains Court Judgment Restoring Assets to Wisconsin Company's SIMPLE IRA Plan

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

CHICAGO - The U. S. Department of Labor has obtained a consent judgment requiring the former president of Tri-County Heating and Air Inc., Arcadia, Wis., to restore $1,780.11 to the company's SIMPLE IRA plan.

July 21, 2005

New Resources Will Ensure Safety During Emergencies
for Workers With Disabilities

WASHINGTON—U.S. Assistant Secretary of Labor Roy Grizzard, who heads the department's Office of Disability Employment Policy (ODEP), today announced a comprehensive guide and related Web site to ensure federal government workplace emergency plans address the needs of individuals with disabilities.

July 21, 2005

U.S. Labor Department Obtains Judgment Restoring Assets To Participants of Tennessee 401(k) Plan

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

Chattanooga, Tennessee - The U.S. Department of Labor has obtained a default judgment ordering the principal of Cleveland, Tennessee-based Supermarket Pharmacies, LLC to restore $12,536 to the participants in the former Supermarket Pharmacies Profit Sharing 401(k) Plan.

July 21, 2005

U.S. Labor Department Obtains Order Restoring Over $4 Million to TRG Health Plan

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

July 21, 2005

Westwood, Massachusetts, Business Owner Agrees to Restore Pension Funds to Settle U.S. Labor Department Lawsuit

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

Boston, Massachusetts - Joseph P. Zoppo of Westwood, Massachusetts, agreed to restore $8,386 to the pension plan of his now-defunct company, I/O Desktop Specialists Inc., to settle a lawsuit filed by the U.S. Department of Labor. The suit alleged violations of the Employee Retirement Income Security Act (ERISA), the federal law that protects private employee pension and benefit plans.

July 19, 2005

Labor Department Sues to Appoint Independent Fiduciary To Manage Abandoned Profit Sharing Plan of Defunct New York Personnel Agency

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

New York, New York - The U.S. Department of Labor has sued to obtain court appointment of an independent fiduciary to manage the abandoned profit sharing plan of New York City-based Green and Green Personnel Agency Ltd. The suit also asks for distribution of approximately $9,000 in assets to eligible participants and beneficiaries.

July 19, 2005

Labor Department Sues to Appoint Independent Fiduciary For Abandoned Illinois 401(k) Plan

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

Chicago, Illinois - The U.S. Department of Labor has sued to obtain court appointment of an independent fiduciary to administer an abandoned Oak Brook, Illinois, 401(k) savings plan. The fiduciary will be authorized to distribute assets to participants upon termination of the plan.

July 18, 2005

U.S. Department of Labor Launches Nationwide Campaign Focusing on Youth Working in Construction

WASHINGTON—Summer jobs in construction may be a young person's first work experience, and the U.S. Department of Labor wants to make sure it's a safe and healthy one. To that end, the department has launched a new nationwide outreach campaign to increase awareness about youth employment laws in construction.

July 18, 2005

Labor Department Sponsors Kentucky Workshop on Complying With Federal Pension and Health Law

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

Atlanta, Georgia - The U.S. Department of Labor will hold free workshops to help employers and administrators of pension and health plans comply with the Employee Retirement Income Security Act (ERISA), the federal law that governs private-sector employee benefit plans. The workshops will be held August 3 at the Hilton Greater Cincinnati Airport Hotel, 7373 Turfway Road in Florence.