Compliance | August 2nd, 2011 IRS ESOP Review Worksheet Revised August 2, 2011 (PLANSPONSOR.com) - The Internal Revenue Service has created a revised three-page Employee Stock Ownership Plan (ESOP) Review...
Compliance | July 1st, 2011 Bill Would Exclude ESOP Appraisers from Fiduciary Rule July 1, 2011 (PLANSPONSOR.com) – A new U.S. Senate bill would exclude appraisers of employee stock ownership plans (ESOPs) from...
Compliance | July 1st, 2011 Bill Would Exclude ESOP Appraisers from Fiduciary Rule July 1, 2011 (PLANSPONSOR.com) – A new U.S. Senate bill would exclude appraisers of employee stock ownership plans (ESOPs) from...
Products | June 13th, 2011 The Principal Extends TPA Expense Allowance Program June 13, 2011(PLANSPONSOR.com) - The Principal Financial Group announced...
Compliance | June 8th, 2011 DoL Gets $10.5M for DirecTECH ESOP Plan Participants June 8, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained six consent judgments requiring payment of $10,454,545 in...
Compliance | April 22nd, 2011 Law Firm Supports Making ESOP Valuators Fiduciaries April 22, 2011 (PLANSPONSOR.com) – Unlike other commenters on the Department of Labor’s proposed redefinition of fiduciary, the law firm...
Compliance | April 22nd, 2011 Lawmakers Introduce Legislation to Promote ESOPs April 22, 2011 (PLANSPONSOR.com) – Congressman Ron Kind (D-Wisconsin) has introduced the "Promotion and Expansion of Private Employee Ownership Act...
Compliance | March 7th, 2011 Judge Approves Class in Tribune ESOP Suit March 7, 2011 (PLANSPONSOR.com) – The suit against the trustee of the Tribune Co. Employee Stock Ownership Plan during the...
Products | March 3rd, 2011 Principal Gets Auditor Opinion for ESOP Client Services March 3, 2011 (PLANSPONSOR.com) – The Principal Financial Group has obtained an independent audit opinion issued according to Statement of...
Compliance | February 1st, 2011 ESOP Association Warns against Making Valuators Fiduciaries February 1, 2011 (PLANSPONSOR.com) – In comments to the Department of Labor’s Employee Benefits Security Administration regarding the proposed change...
Compliance | January 19th, 2011 Fiduciary Expansion Proposal Could Hurt ESOPs: Commenters January 19, 2011 (PLANSPONSOR.com) – Two of those offering public comment to the U.S. Department of Labor (DoL) about its...
Compliance | January 7th, 2011 IRS Declares ESOP not Tax Qualified January 7, 2011 (PLANSPONSOR.com) – The U.S. Tax Court has upheld a decision by the Internal Revenue Service (IRS) that an...
Compliance | October 5th, 2010 Decision Stands that Nestle Purina Cannot Deduct Distribution Dividends October 5, 2010 (PLANSPONSOR.com) - The U.S. Supreme Court has turned away a request by Nestlé Purina Petcare Co. to...
Benefits | September 15th, 2010 ESOP Companies Contribute More to Employee Savings September 15, 2010 (PLANSPONSOR.com) – New research from the National Center for Employee Ownership (NCEO) finds the average ESOP participant...
Benefits | September 13th, 2010 Leaders of ESOP Companies Still Support Employee Ownership September 13, 2010 (PLANSPONSOR.com) - Even though ESOPs were not immune to impacts of the recent recession, leaders of ESOP...
Compliance | September 2nd, 2010 Court Finds Plan Trustee Could not Act on Knowledge of Breaches September 2, 2010 (PLANSPONSOR.com) – A federal court in Illinois has ruled that participants of the Antioch Company Employee Stock...
Benefits | August 11th, 2010 Majority of ESOP Sponsors Offer another Retirement Plan August 11, 2010 (PLANSPONSOR.com) - Approximately 90% of ESOP Association members surveyed reported having retirement savings plans in addition to...
Compliance | August 11th, 2010 Judge Relieves Zell of Liability for Tribune ESOP Losses August 11, 2010 (PLANSPONSOR.com) – A federal judge has ruled that Sam Zell, who took the Tribune Company private in...
Benefits | July 8th, 2010 TX Power Company Adds ESOP July 8, 2010 (PLANSPONSOR.com) – A Houston, Texas-based retail electricity provider has announced the creation of an employee stock...
Administration | June 14th, 2010 NCEO Says Employer Stock Generally Wins in Court June 14, 2010 (PLANSPONSOR.com) – A recent analysis offers some comfort for plan sponsors who have stock...