News

October 10, 2017

US Department of Labor recovers more than $41K for the St. Paul-based Weinhagen Tire Co. Inc. 401(k) Plan

Date of Action: April 11, 2017 Type of Action: Consent order and judgment Names of Defendant: Michael E. WeinhagenWeinhagen Tire Co. Inc.Weinhagen Tire Co. Inc. 401(k) […]
October 10, 2017

New fiduciary rule guidance from US Labor Department

WASHINGTON – Fiduciary rule guidance for financial advisors, retirement plan sponsors, and individual workers and retirees has been published on the U.S. Labor Department’s website. This […]
October 9, 2017

US Labor Department, PBGC partnership recovers almost $1.5M for participants in two Chicago-based pension benefit plans

CHICAGO – A partnership between the U.S. Department of Labor’s Employee Benefits Security Administration and the Pension Benefit Guaranty Corporation has recovered almost $1.5 million for […]
October 9, 2017

Court orders Florida manufacturer to repay profit-sharing plan

Type of Action: Consent order and judgement Names of Defendants: Andrea Lynn McCarthyLisa HallTruss Systems LLCTruss Systems LLC Profit Sharing Plan Allegations: The U.S. Secretary of […]
October 8, 2017

US Labor Department to publish Request for Information on fiduciary rule

WASHINGTON – The U.S. Department of Labor has published a Request for Information related to the fiduciary rule. The RFI is an opportunity for the public […]
October 8, 2017

Arkansas man sentenced to 12 years in prison for defrauding investors

FORT SMITH, ARKANSAS – A fraud investigation by the U.S. Department of Labor’s Employee Benefits Security Administration, the FBI, and the Department of Health and Human […]
October 7, 2017

Ohio man sentenced to 180 months in prison for $70M Ponzi scheme

DAYTON – A multi-agency federal and state investigation has led to the guilty plea and imprisonment of Ohio businessman William M. Apostelos, who orchestrated a Ponzi […]
October 7, 2017

Court orders trustee to repay profit-sharing plan of Tennessee construction equipment company

Type of Action: Consent order and judgement Names of Defendants: Ditch Witch Equipment of Tennessee Inc.Aubrey Needham Allegations: Based on an investigation conducted by the Employee Benefits Security […]
October 6, 2017

Manager of health care network to reimburse plans for fees

NEW YORK – The U.S. Department of Labor and a third-party administrator that provides employee health benefit plans with access to a network of doctors, hospitals […]
October 6, 2017

Court Orders $5M to Be Restored to Employee Stock Ownership Plan

NEW YORK, NY – The U.S. Department of Labor has reached an agreement with the owner of a Manhattan laser surgery center to pay $5 million […]
October 5, 2017

U.S. Department of Labor Extends Nominations Period for 2018 ERISA Advisory Council

WASHINGTON, DC – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is soliciting nominations to fill five, three-year vacancies on the Advisory Council on Employee […]
October 5, 2017

U.S. Department of Labor Issues Compliance Guidance For Employee Benefit Plans Impacted by Hurricane Harvey

WASHINGTON, DC – The U.S. Department of Labor has announced an update on employee benefit plan compliance for those impacted by Hurricane Harvey. “Our deepest and […]
July 17, 2018

Ask the Experts: Background Checks on Minors

July 17th, 2018 Question: Are we permitted to run background checks on minors? Answer: Running a pre-employment background check on any job applicant requires consent, which […]
July 19, 2018

Reminder: Forms 5500 for Calendar-Year Plans are Due July 31

July 19th, 2018 For benefit plans subject to ERISA, Form 5500 must be filed within seven months after the plan year ends. For calendar-year plans, that […]
July 23, 2018

Ask the Experts: Prescription Drug Inquries

July 23rd, 2018 Question: Are we allowed to ask employees or applicants whether they’re taking prescription drugs?  Answer: No. In most instances you are prohibited from asking […]
July 25, 2018

It’s National Hire a Veteran Day

July 25th, 2018 On July 25, 2018, the U.S. Department of Labor’s Veterans’ Employment and Training Service (VETS) announced its annual celebration of National Hire a Veteran […]