1998 Newsroom

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December

• Madison Wis. Corporate Trustee Ordered to Restore More Than $50,000 to Plan for Federal Pension Law Violations[ 12/30/98]

• Court Grants Preliminary Injunction, Continuing Freeze of Assets of Trustees and Administrator of New York-Based Health Program [12/29/98]

• Judge's Ruling Concludes Final Piece of Lawsuit Against Multiple Employer Welfare Plan Sued for Unpaid Claims [ 12/22/98]

• Engineering Executives Ordered to Repay Company Pension Plan [12/18/98]

• Doctor and Wife Pleas Guilty to Pension Plan Fraud [12/18/98]

• Know Your Health Plan: Secretary of Labor Launches Campaign to Tell Workers What They Need to Know to Get the Best Coverage [ 12/16/98]

• Court Freezes Assets of New York Health Program [12/15/98]

• St. Paul Cooporation Sued by Labor Department for Violating Federal Pension Law [12/15/98]

• Overland Park Businessman Pleads Guilty to 401(k)Plan Embezzlement [12/15/98]

• Labor Department Issues Additional Guidance to Employee Benefit Plans on Y2K Compliance [12/14/98]

• Labor Department Lawsuit Names Printing Company Executives [ 12/14/98]

• Chicago Teamsters' Plan Trustees To Restore $20 million to Pension Plan [ 12/14/98]

• Latham, New York, Profit-Sharing-Plan Trustee Ordered to Appoint New Trustees [12/10/98]

• Labor Department Proposes Amendments to Annual Reporting Regulations [12/10/98]

• Mortgage Broker Arrested for Pension Plan Fraud [12/08/98]

• San Francisco Investment Management Firm Pays More Than $13 Million in Pension Settlement [12/08/98]

• Labor Department Seeks to Have Independent Trustee Named to Liquidate Florida 401(K) Plan [12/04/98]

November

• Labor Department Announces Decision on SOP 92-6 Non-Enforcement Policy for Multiemployer Welfare Plans[11/25/98]

• Labor Department's Advisory Committe on Negotiated Rulemaking to Hold December Meetings[11/23/98]

• Dallas Businessman Indicted for Misappropriating 401(k) Plan Assets[ 11/17/98]

• Labor Department Sues Chicago Corporation and Plan Trustee for Abuse of Employee Plan Contributions[11/17/98]

• Labor Department Obtains Court Order Resulting in Restoration of $1.5 Million to Little Falls, New Jersey, Teamsters' Pension Fund [11/13/98]

• Labor Department Finalizes Class Exemption on Foreign Exchange Transactions [11/12/98]

• Labor Department Sues Kentucky Company, Owner, and Stock Yards Bank for Purchase of Company Stock [11/12/98]

October

• Labor Department Sues Time Warner Inc. and Executives for Excluding Workers from Pension and Health Plans [10/26/98]

• Syracuse, New York, firm and Pension Trustee to Make $541,000 in Restitution to Pension Plan [10/23/98

• Labor Department Proposes Amended Waivers on Receipt of Services on IRAs and Self-Employed Plans [10/21/98]

• Brownsville, TX, Trustees Ordered to Repay More Than $87,000 to 401(K) Plan for Federal Pension Law Violations [10/13/98]

• Labor Department Obtains Judgement Against Trustee of Hempstead, New York, Pension Plan [10/13/98]

• Computer Firms Win Goverment Contracts to develop a system to Process Annual Report Filings [10/09/99]

• Albuquerque Firm and President Make Restitution to 401 (k) Plan [ 10/07/98]

• Arlington Heights, Ill., service Provider to Make Restitution of More then $14,000 to Pension Plans [10/07/98]

September

• Dallas Businessman Indicted for Misappropriating Pension Assets [09/23/98]

• Labor Department Convenes Advisory Committee on Negotiated Rulemaking Under ERISA 3(40) [09/22/98]

• Labor Department Proposes New Regulation to Give Patients Faster Answers and More Information from Their Health Care Plans [09/09/98]

• Labor Secretary Alexis M. Herman Releases Report on Retirement Savings: Americans Need More Education about Saving [09/03/98]

• Former North Carolina Investment Advisor Barred From Serving Employee Benefits Plans [09/04/98]

August

• Latrobe, PA. Trustees Sued Over Misuse of Pension Assets [08/21/98]

• Court Freezes Assets of California Health Program [08/06/98]

July

• Labor Department Re-Affirms Warning to Employee Benefit Plan Administrators about Year 2000 Software Problems [07/23/98]

• Labor Department Settles Case With Investment Advisers INC. Over Fees Issues [07/21/98]

• ERISA Advisory Council Working Groups to Hear Testimony in August [07/17/98]

• Secretary of Labor Designates Head for Pension Agency [07/02/98]

• 401(k) Plan Participants Have New Source of Information on Fees [07/01/98]

June

• Albuquerque firm and President Sued Over 401(k) Plan Investments [06 /30 /98 ]

• ERISA Advisory Council Working Groups to Hear Testimonies in July [06/24/98]

• Labor Department Releases New Form 5500 Submitted to OIM for Approval [06/23/98]

• Labor Department Recovers Over $2 Million for Union Pension Plans [06 /09 /98 ]

• Labor Secretary Herman Says First Saver Summit is a Step to Securing the Future of America's Workers [06/04/98]

• Louisiana Home Health Care Providers Sued for Misuse of Pension Assets [06 /04 /98]

• Chicago Attorney Sentenced to Jail in Pension Fraud Scheme [06/04/98]

• Labor Department Unveils New Interactive Website for Small Businesses [ 06/02/98]

May

• Ohio Bank and Executives Sued for Misusing ESOP Assets [05/29/98]

• ERISA Advisory Council and Working Groups to Meet in June [05/27/98]

• Dislocated Workers' Pension and Health Care Coverage Addressed in New Labor Department Booklet [05/14/98]

• Philadelphia Nursing Home Pension Trustees Ordered to Resign Positions and Repay Plan [05/04/98]

• PA. Pension Trustee Sentenced for Embezzling Plan Money [05/04/98]

April

• Former Orange County Investment Firm Sued Over Mismanagement of Profit Sharing Plan [04/29/98]

• ERISA Advisory Council Working Groups to Hold Organizational Meetings in May [04/24/98]

• Colorado Leasing Firm and Owner Barred from Handling Plan Business [04/20/98]

• Marquette Businessmen Make Restitution to 401(K) and Health Participants [04/10/98]

• Minnesota Check Printers Settle Labor Department Lawsuit Involving Life Insurance Premiums [04/08/98]

March

• Ohio Dairy Executives Charged with Misusing 401(K) Assets [03/30/98]

• Trustee of Inglewood 401(K) Misusing Pension Money [03/26/98]

• Executive to Make Restitution to Profit Sharing Plan [03/16/98]

• Industrial Workers' Fund Officials Sued by U.S. Department of Labor [03/16/98]

• Chicago Insurance Agency and Owner Removed from Pension Plans [03/12/98]

• Santa Ana Firm and Owner Agree to Pay $220,000 Restitution to Pension Plan [03/11/98]

• New York Trustee Indicted for Embezzlement [03/03/98]

• Bowmansville Company and Trustee Agree to Repay Over $1.6 Million to Pension Plan [03/02/98]

February

• Los Angeles Firm and Pension Plan Trustees Sued for Mismanagement of Plan Assets [02/29/98]

• Labor Secretary Names Chairs for ERISA Advisory Council [ 02/26/98]

• Mississippi Plan Trustee Pleads Guilty to Embezzlling Plan Funds [02/25/98]

• Labor Department Announces Initiatives to Implement President Clinton's Consumer Bill of Rights directive [02/20/98]

• Court Orders Restitution of More Than $227,000 to Compton Pension Plan [02/19/98]

• Washington, D.C. Native Named Regional Director for Pension and Welfare Benefits Administration in Philadelphia [02/17/98]

• Former Georgia Pension Trustee Sentenced for Embezzling Plan Money [02/11/98]

• Labor Department Warns Employee Benefit Plan Administrators about Year 2000 Software Problem and Calls for Immediate Action [02/09/98]

• Labor Secretary Names ERISA Advisory Council Members [02/09/98]]

• Labor Department Sues Ohio Corporation and Plan Trustees For Illegally Withholding Employee Contributions [02/04/98]

• Labor Department Announces Delay of New form 5500 to 1999 Plan Year to Provide Filers with More Filing Time [02/04/98]

January

• Blue Cross/Blue Shield of Massachusetts To Refund $10 Million To Health Participants and Employers[ 01/30/98]

• Andover, Connecticut, Construction Firm & Officers Sued By U.S. Labor Department to Recover Employee Pension Plan Assets [01/30/98]

• Long Island Health Plan Administrator Pleads Guilty to Embezzlement and mail Fraud [01/30/98]

• Inglewood 401(K) Plan Trustee Charged with Misusing Pension Money [[01/29/98]

• Ohio Plan Sponsor and Trustees Ordered to Pay More Than $41,000 of Additional Benefits to Participants for Under Calculating Benefits [01/26/98 ]

• Labor Department Announces Procedure for State-Registered Investment Advisers to Obtain ERISA Investment Manager Status [01/14/98]

• Ohio Businessman Sentenced for Embezzling Pension Assets [01/09/98]