Tag: Employee Stock Ownership Plan

This is in addition to $454,545 in restitution to the plan, paid by the company and its employee stock ownership...

Workers between the ages of 18 and 34 who are employee-owners have 92% higher median household wealth relative to workers...

A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower...

The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags...

ESOP participants have an average retirement balance of $170,326, more than twice the $80,339 that other workers have saved

The lawsuit alleged that employee stock ownership plan participants overpaid for company stock.

Ruling in favor of a detailed motion to dismiss filed by defendants, the court cites a long list of precedent-setting...

Lubbock National Bank, the ESOP’s trustee, has also agreed to take steps that will ensure it fulfills its fiduciary obligations...

The Department of Labor sued Sonnax Industries, company officers and ESOP fiduciaries Tommy Harmon and Frederick Fritz, and Illinois-based First...

Both, one in the House and one in the Senate, have bipartisan support

The appellate court agreed with a lower court that plaintiffs did not meet pleading standards set forth in the Supreme...

Newly leveraged ESOPs that borrow a large amount relative to their earnings could find their deductible expenses decrease.