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Defunct West Chester, Pa., company and o...

WEST CHESTER, Pa. — The U.S. Department of Labor has obtained a summary judgment ordering Compass Capital Partners Ltd. and owner Harris M. DeWese to restore $661,206 to the defunct West Chester company’s retirement plan. The judgment resolves a lawsuit filed by the department in August 2011 that alleged violations of the Employee Retirement Income Security Act. The suit...

US Labor Department concludes settlement...

Workers, beneficiaries have retirement savings restored WASHINGTON, Feb. 23, 2012 /PRNewswire-USNewswire/ — The U.S. Department of Labor’s Employee Benefits Security Administration has announced that the Tribune Co., GreatBanc Trust Co. and various insurance carriers have completed funding of a global settlement in the amount of $32 million to be allocated among the Tribune...

Retirement News for Employers – Wi...

Fee Disclosure for Plan Fiduciaries On February 3, DOL/EBSA published a final rule that will provide employers who sponsor pension and 401(k) plans with information about the administrative and investment costs associated with providing such plans. This rule requires service providers to furnish information to enable fiduciaries to determine both the reasonableness of compensation paid...

DOL Suit Against Nationwide Supply

KANSAS CITY, Mo. — The U.S. Department of Labor has filed a lawsuit against  Nationwide Supply Inc., operating as Business Outfitters in Cheyenne, Wyo.,  and Guy Baldino, the company’s president and owner, for failing to deposit  employee contributions into the company’s pension plan in violation of the  Employee Retirement Income Security Act. The suit follows an...

US Labor Department creates hotline to u...

BALTIMORE — The  U.S. Department of Labor has created a hotline for former employees of  USProtect Corp., a defunct Silver    Spring, Md., company  that provided security services for federal buildings in California, Delaware, the  District of Columbia, Louisiana, Maryland, Mississippi, Missouri, New Jersey,  Oklahoma, Pennsylvania, Texas and the Virgin Islands. In November,...

US Department of Labor’s EBSA creates ne...

Allows online filing of questions and complaints regarding retirement and health plans WASHINGTON — The U.S. Department of Labor’s Employee Benefits Security Administration has created a new consumer assistance  Web page that provides easy access to useful information, and allows users to submit  questions and complaints about health and retirement plans...

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