Tag: ESOPs

Panelists at the 2026 PLANSPONSOR National Conference said new Department of Labor rules could give employers more room to innovate,...

As a result, the defendant will amend its employee stock ownership plan to require more comprehensive reviews of investment performance,...

The best defense against any Department of Labor review is a robust, ongoing compliance program that addresses known areas of...

The approach emphasized the department’s recent priority shifts.  

Former employees say they were shortchanged when the firm repurchased company shares at far less than a later sale price.

The number of workforce cooperatives more than doubled over the same period.

The move aligns with EBSA Head Daniel Aronowitz’s pledge to ‘end the war’ on employee stock ownership plans.

The legislation continues to receive bipartisan support, with one of the bills recently advancing out of committee in the House. 

Two of the measures target the DOL’s audit process, and another addresses ESOP valuation risks.

The lawmakers scratched a planned vote on a third piece of legislation that had been scheduled.

The insurance expert, who awaits a full Senate vote, said he would ‘end the war on ESOPs’ if confirmed.

Senators scheduled the markup after a hearing on Thursday in which they discussed the proposed legislation.

Congress has introduced two bills this year regarding the agency’s practices. 

The New Jersey Economic Development Authority supports New Jersey businesses interested in considering employee-owned retirement plans for participants.

Senator Bill Cassidy proposed two bills that aim to strength employee stock ownership plans.

Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent...

Former employees claimed the company’s CEO converted plan assets for his and his company’s own use and benefit.

One of the president’s many executive orders issued Monday caused rules not already published in the Federal Register to be...

The rule would clarify the issue of 'adequate consideration' and replace a pending regulation first offered decades ago.

According to the group, its efforts can improve wealth-building efforts for American workers.