Assistant Secretary Gomez Explains Upcoming EBSA Priorities
Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.
Tag: ESOPs
ESOPs Fables: What Does the Omnibus Do for Employee Ownership?
SECURE 2.0 and the WORK Act, both found in the appropriations package, would reform ESOPs with the aim of making...
2022 PLANSPONSOR Plan Sponsor of the Year Winners Announced
Awards were given in nine categories representing various plan types and sizes.
ESOP Participants Benefit From Higher Retirement Savings
Employee-owners at S corporations can accrue benefits leading to superior retirement readiness.
ESOPs Provided Financial Resiliency to Employees During the Pandemic
Participants in ESOPs were able to accrue larger balances than their non-ESOP counterparts, research found.
DOL Recovers Money for ESOP Participants
The Department of Labor ordered the former trustee to restore $8.4 million and plan fiduciaries to restore nearly $1 million...
ESOP Sponsor Settles Allegations of ERISA Violations With the DOL
Mohawk Hospital Equipment will transfer $431,000 worth of stock to participants and pay a fine.
Plaintiffs Allege ERISA Breach Against Chicago Consultant
A new complaint claims that West Monroe ESOP participants who sold stock in the company did not receive fair market...
Court Denies Summary Judgment for Lawsuit Against ESOP Fiduciaries
The judge found that while the plaintiff might have released all his claims with a separation agreement, the lawsuit was...
DOL Alleges ESOP Sale Illegally Benefited Plan Fiduciaries and Their Children
The Department of Labor says the plan’s ownership interest was sold for less than market value, effectively transferring the rest...
DOL’s ESOP Valuation Case Against Engineering Firm Falls Flat
The court notes that the ESOP trustees, while accepting a price very close to what the sellers were seeking, saved...
A Closer Look at S-Corporation Employee Ownership
Several bills circulating in Congress would streamline and promote S-corporation employee stock ownership plans. One expert says such ‘S-ESOPs’ benefit...
Benefits |
ESOPs a Win-Win for Workers and Employers
Not only do they build employees’ wealth at a faster rate than retirement plans, but they contribute to business performance...
Settlement Details Published in Jander v. IBM
Prior to settlement, the long-running stock drop lawsuit received multiple appellate court rulings and consideration from the U.S. Supreme Court.
Benefits |
Plan Sponsor Roundtable: The New Focus on Financial Wellness
Plan sponsors discussed benefits they consider part of their financial wellness offerings that might not typically be viewed as such.
Benefits |
Employers Begin to See Long-Term Value of Stock Options
Equity compensation has not traditionally been used for retirement savings, but there are ways to incorporate it into employees’ long-term...
Plan Design Decisions Can Reduce Overconcentration in Company Stock
Research from Vanguard supports the continuation of rethinking decisions about company stock offerings in defined contribution plans.
ESOP Participants Claim They Were Conned Into Selling Shares at Discount
A proposed class has been certified in the lawsuit against Maine Oxy-Acetylene Supply Co., its owner and a person who...
Bill Would Fill Gaps in Previous Retirement Legislation
The SAVE Act would allow 403(b) plan sponsors to join open MEPs and incentivize the creation of ESOPs, among other...
Additional ESOP Valuation Litigation Targets Wilmington Trust
According to the lead plaintiff, fiduciary violations occurred when an inflated valuation provided by Wilmington Trust caused an employee stock...