Defunct West Chester, Pa., company and owner ordered to restore $661K+ in retirement plan assets following DOL lawsuit

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…

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US Labor Department concludes settlement restoring $32 million to Tribune Co. employee stock ownership plan

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…

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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…

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US Labor Department creates hotline to update former USProtect Corp. employees on status of back wages and retirement benefits

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.…

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