The Principal Hires ESOP Consultant
August 14, 2014 (PLANSPONSOR.com) – The Principal Financial Group has hired Mike Parrett as vice president of consulting.
Tag: ESOPs
Presumption of Prudence Decision Not a Total Win for Anyone
June 26, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court this week ruled employee stock ownership plan (ESOP) fiduciaries are not...
ESOP Fiduciaries Not Entitled to Presumption of Prudence
June 25, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court has decided fiduciaries of employee stock ownership plans (ESOPs) are not...
New Bill to Encourage ESOPs Introduced
June 17, 2014 (PLANSPONSOR.com) - House Ways and Means Committee members introduced legislation designed to spur more employee-ownership in private...
Fiduciary Status Not Triggered by Contribution in Company Stock
June 5, 2014 (PLANSPONSOR.com) - A federal appellate court ruled Morgan Stanley & Co. and its CEO were not acting...
DOL Resolves Valuation Issues with ESOP Transaction
June 4, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) reached a $5.25 million settlement with GreatBanc Trust Co., resolving...
Delta Air Lines Wins Stock Drop Suit Appeal
May 8, 2014 (PLANSPONSOR.com) – The 11th U.S. Circuit Court of Appeals used its own case history to dismiss a...
High Court Ponders “Conflicts” for ESOP Fiduciaries
April 17, 2014 (PLANSPONSOR.com) – What is the trustee of a retirement plan that offers employer stock as an investment...
Products |
New Product Helps ESOPs Match Liabilities
April 8, 2014 (PLANSPONSOR.com) - Archford Capital Strategies launched an FDIC-insured, bank-issued, principal-protected investment to help employee stock ownership plans...
Opinions |
Are ESOPs Too Risky to Be Good Retirement Plans?
March 7, 2014 (PLANSPONSOR.com) - Perhaps the most common criticism about employee stock ownership plans (ESOPs) is that they are...
Blue Ridge Names Director of Plan Administration
March 5, 2014 (PLANSPONSOR.com) – Blue Ridge ESOP Associates has named Kevin T. Rusch as the firm's director of plan...
Groups Ask for Stronger Presumption in Stock Drop Case
February 5, 2014 (PLANSPONSOR.com) – A brief of amici curiae was recently filed with the U.S. Supreme Court for a...
DOL Recovers $10M for ESOP
January 22, 2014 (PLANSPONSOR.com) – A New York-based home-care agency and its former owners have resolved issues with the Department...
DOL Sues to Restore Indiana ESOP Losses
December 27, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) is seeking to restore losses to an employee stock ownership...
SCOTUS Takes Up Presumption of Prudence Issue
December 16, 2013 (PLANSPONSOR.com) — The U.S. Supreme Court has agreed to hear a case raising fiduciary issues and questions...
DOL Finds Fiduciaries Violated ERISA With Stock Purchase
November 20, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit in U.S. district court to recover...
Fiduciaries of California ESOP to Repay Plan Funds
October 23, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has obtained a consent order for fiduciaries to repay funds...
Bill Aims to Fend Off Fiduciary Status for Appraisers
May 20, 2013 (PLANSPONSOR.com) – Congressmen have introduced a bill to modify the definition of fiduciary under the Employee Retirement...
Products |
The Principal Offers ESOP Resource
April 30, 2013 (PLANSPONSOR.com) – The Principal Financial Group is now offering an online resource to employers who offer employee...
IRS Gives Amendment Relief to Certain ESOPs
April 23, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) is granting relief for employee stock ownership plans (ESOPs) that...