Settlement of Fannie Mae Stock Suit Gets Preliminary Approval
June 9, 2010 (PLANSPONSOR.com) – A federal court judge has given preliminary approval to a $7.25-million settlement of an Employee...
Tag: ESOPs
ESOP Trustee Cleared of ERISA Wrongdoing
May 25, 2010 (PLANSPONSOR.com) – The trustee of an employee stock ownership plan (ESOP) acted in good faith when it determined...
New Bill Would Add ESOP Tax Boosts
May 13, 2010 (PLANSPONSOR.com) – Two federal lawmakers have introduced a bill they say would boost employee-owned businesses through tax...
Court Dismisses Most Claims in State Street Stock Suit
March 19, 2010 (PLANSPONSOR.com) – A federal court has dismissed most claims against State Street Corporation and its retirement plan...
DoL Recovers More than $12M for CA Company ESOP Participants
March 11, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained consent judgments providing for restitution of more than...
DoL Sues ESOP Trustee over Stock Purchase
March 4, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has sued a trustee of the Westra Construction Inc. Employee...
Forcing Terminated Participants out of Company Stock no ERISA Violation
March 2, 2010 (PLANSPONSOR.com) – A federal court has ruled that an Employee Stock Ownership Plan sponsor did not breach...
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Principal Launches Ninth Search for the 10 Best
February 1, 2010 (PLANSPONSOR.com) - Providing a sense of financial security for employees whether the economy is in...
ESOPs Get Legislative Backing
December 24, 2009 (PLANSPONSOR.com) – Employee stock ownership plan (ESOP) proponents got some legislative backing last week.
Tribune ESOP Fiduciary Breach Suit Moves Forward
December 21, 2009 (PLANSPONSOR.com) – A federal court has moved forward claims that fiduciaries for the Tribune Company Employee Stock...
Court Moves Forward Claim ESOP Reps Omitted Financial Data
December 15, 2009 (PLANSPONSOR.com) – A federal court has ruled that a former Employee Stock Ownership Plan (ESOP) participant can...
Tribune Co. ESOP to be Terminated
November 4, 2009 (PLANSPONSOR.com) - In a memo to Tribune Co. employees announcing a new retirement plan, Chief Administrative Officer...
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Survey Finds Companies with ESOP Outperformed Stock Market
August 17, 2009 (PLANSPONSOR.com) - Results from the Employee Ownership Foundation's 18th Annual ESOP Economic Performance Survey show that 88.5%...
DoL Subpoenas Tribune on ESOP
April 10, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor has subpoenaed Tribune Co. in an investigation connected to the...
Federal Judge Allows Ford ESOP Suit to Move Forward
December 24, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Michigan has denied a motion to...
CA Firm Charged with Misusing ESOP Assets
November 13, 2008 (PLANSPONSOR.com) - The U.S. Department of Labor has sued the board of directors of The Employee Ownership...
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ESOP Member Firms Give Program Big Thumbs Up
September 2, 2008 (PLANSPONSOR.com) - Executives at companies with an employee stock ownership plan (ESOP) are nearly all jumping for...
Benefits |
Study Indicates Majority-Owned ESOP Firms Enjoy Greater Productivity
June 18, 2008 (PLANSPONSOR.com) - Recent research by Brent Kramer, a doctoral candidate at the City University of New York,...
IRS Changes Reporting Requirements for Dividends on ESOP Distributions
June 10, 2008 (PLANSPONSOR.com) - Beginning with distributions in 2009, the reporting of dividends on employer securities that are distributed...
Bankruptcy Appellate Panel Upholds IRA Assets Exclusion
May 19, 2008 (PLANSPONSOR.com) - A 10th U.S. Circuit Bankruptcy Appellate Panel has upheld a lower court ruling that the...