Benefits |
New Coalition Working on ‘Expanding ESOPs’
According to the group, its efforts can improve wealth-building efforts for American workers.
Tag: ESOPs
Benefits |
PSNC 2024: Secrets of Award-Winning Plan Sponsors
Four award-winning plan sponsors shared ways they have improved their plans in order to better serve their participants’ financial well-being.
Acquisition from Ascensus Will Expand Principal’s ESOP Business
Deal will bring Principal's market representation to more than 2,000 ESOP plans and about 765,000 participants.
EBSA is “Working On” ESOP Appraisal Regulations
Also known as adequate consideration, the ESOP community has been calling for share pricing regulation for years.
EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits
The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement...
2 ERISA Mandatory Arbitration Case Appeals Will Not Go Before Supreme Court
The cases focused on ESOP valuation, and both rulings held that that mandatory arbitration and class action relief are not...
ESOP Creation Deterred by Lack of Valuation Rules, Report Says
A report from Matrix Global Advisors found that ESOPs need clear rules on valuation, which SECURE 2.0 requires the DOL...
Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions
Areas including emergency savings and employee ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines.
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.
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...