News

December 19, 2016

US Labor Department files lawsuit to appoint independent fiduciary to administer 401(k) plan after Los Angeles-area hotel ceased operations

Date of action: Dec. 15, 2016 Type of action: Complaint Name of defendants: Urban Hotels Inc., doing business as LAX Plaza Hotel Urban Hotels 401(k) Plan […]
December 16, 2016

US Labor Department adds important protections to ensure fairness, transparency and accuracy of disability benefits claims process

WASHINGTON – It can be challenging for workers seeking disability benefits from an employer-sponsored plan to understand the process and why their claim is approved or […]
December 13, 2016

US Labor Department sues Coraopolis, Pennsylvania, company for abandoning 401(k) plan after ceasing operations

Date of Action: Dec. 9, 2016 Type of Action: Complaint Name(s) of Defendant: Authorized Factory Service Inc. Allegations: Based on an investigation conducted by the U.S. […]
December 12, 2016

US Labor Department sues defunct Meyersdale company to restore unremitted participant contributions to employee 401(k) retirement plan

Date of Action: Dec. 2, 2016 Type of Action: Complaint Defendant(s): Matthew Kenneth Smith Wind Turbine Solutions LLC Wind Turbine Solutions LLC Retirement Trust Allegations: Based on […]
December 8, 2016

US Labor Secretary Perez announces new appointments, leadership for 2017 ERISA Advisory Council

WASHINGTON – U.S. Secretary of Labor Thomas E. Perez today announced the appointments of five new members to the 2017 Advisory Council on Employee Welfare and […]
December 8, 2016

US Labor Department resolves lawsuit to restore $138K owed to employee benefit plan of Chicago ophthalmologist Nicholas C. Caro

Date of Action: Dec. 8, 2016 Type of Action: Employee Retirement Income Security Act lawsuit Names of Defendants: Nicholas C. Caro N.C. Caro M.D., S.C. N.C. […]
November 3, 2016

ERISA Advisory Council to present recommendations Nov. 9-10

WASHINGTON – The Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will meet at U.S. Department of Labor […]
November 1, 2016

US Department of Labor secures $866K judgment against fiduciaries of the California Pacific Bank’s employee benefit plan in San Francisco

SAN FRANCISCO – The U.S. Department of Labor has secured a judgment against San Francisco-based California Pacific Bank and four individual fiduciaries, requiring them to pay […]
November 1, 2016

US Labor Department releases advance copies of 2016 Form 5500 Annual Return/Report

WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration, the Internal Revenue Service, and the Pension Benefit Guaranty Corporation today released advance informational copies […]
October 27, 2016

US Labor Department resolves lawsuit to restore funds owed to Dell Inc. retirement plan in Monticello, Minnesota

Date of Action: Oct. 25, 2016 Type of Action: Employee Retirement Income Security Act Lawsuit Names of Defendants: Todd Olson, Dell Inc., Dell Inc. Simple IRA […]
October 27, 2016

US Labor Department issues compliance guidance for employee benefit plans in wake of Hurricane Matthew, related disruptions

WASHINGTON – In light of the devastation following Hurricane Matthew, the U.S. Department of Labor’s Assistant Secretary of Labor for Employee Benefits Security Phyllis C. Borzi […]
October 19, 2016

US Labor Department sues Sentry Equipment Erector’s ESOP fiduciaries for failing to protect plan assets during multi-million dollar purchase of company

WASHINGTON – The U.S. Department of Labor has filed a lawsuit against the fiduciaries of a Virginia-based employee stock ownership plan, alleging the defendants failed to […]
July 9, 2018

Reminder: Health Plan PCORI Fees Are Due July 31

July 9th, 2018 Employers that self-insured any group health plans in 2017, including health reimbursement arrangements (HRAs), are responsible for determining whether the annual PCORI fee […]
July 10, 2018

Preparation Aids Prevention

ThinkHR Chief Knowledge Officer Laura Kerekes writes a monthly “Innovative Workplace” column for Rough Notes, a publication that has been serving the insurance industry since 1878. While […]
July 16, 2018

Rhode Island Employment Law Update – July 2018

July 16th, 2018 Health Insurance Contracts and Contraceptives On July 2, 2018, Rhode Island Governor Gina Raimondo signed legislation (H.B. 7625) requiring that health insurance issuers […]
July 16, 2018

Maine Employment Law Update – July 2018

July 16th, 2018 Temporary Layoffs, Unemployment, and Work Search On July 9, 2018, the governor’s veto of H.P. 491 was overridden by the state’s House and […]