Hankey Group ESOP Sued in Attempt to Capitalize on COVID-19’s Economic Effects
A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of...
Tag: Company Stock
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
Products |
Empower Platform Integrates E*TRADE Stock Plan Insights
Employees will gain a single sign-on experience between both platforms and will also have access to both customer service teams.
UBS Cleared of Wrongdoing in Enron Stock Option Case
A federal court decides that, as stock options were not purchased securities, UBS did not violate sections of securities acts...
Some Plan Design Choices Could Undermine Participant Outcomes
Setting defaults too low, choosing the wrong default investment and offering company stock as an investment option could result in...
Younger Participants Gravitate to TDFs, Balanced Funds
Sixty-four percent of participants in their 20s own a TDF.
Plaintiffs’ Prudence Claims Snapped in General Cable Stock Drop Suit
In dismissing the stock drop challenge, the judge offers an illuminating review of what is required by ERISA’s duty of...
Benefits |
SEC’s Equity Compensation Reporting Rule Change Presents Opportunity for Employers
According to one experienced capital markets attorney, the SEC’s move this week to amend Securities Act Rule 701 is an important one...
Phillips 66 Retirement Plan Faces Suit Over Inclusion of Former Parent Stock
Not only does the lawsuit claim ConocoPhillips stock does not meet ERISA’s definition of “employer securities,” but it says participants...
Wells Fargo Stock Drop Suit Dismissed
A federal district court ruled the plaintiffs did not meet all the pleading standards set forth by the U.S. Supreme...
Company Stock Outside of 401(k) Can Help With Financial Wellness
Employees say they use company stock acquired through their ESPP to help pay down debt, add to their retirement savings,...
Court Finds ESOP Fiduciaries Had No Good Reason to Delay Diversification
The court granted summary judgment to the plaintiffs and ordered their benefits be paid along with prejudgment interest.
Sears Faces Another ERISA Lawsuit
A new stock drop complaint includes not only the Sears Holdings Savings Plan, but also the Sears Holdings Puerto Rico...
Target Prevails in ERISA Stock Drop Suit
The plaintiffs failed to meet pleading standards set forth in Fifth Third v. Dudenhoeffer, a court ruled.
How Two Generations of 20-Somethings Invest Differently for Retirement
401(k) investors in their 20s are investing much less in company stock than their counterparts did in 1996 and plenty...
Company Stock, Stable Value Funds Lose Participant Assets in May and June
Both May and June were light trading months for 401(k) participants, but when they did trade, they favored equities.
Aon Divests Company Stock from 401(k)
Effective April 1, the Aon Stock Fund was discontinued as an active investment option in the plan.
Sears Holdings Faces Stock Drop Lawsuit
The lawsuit alleges that even if the plan required that Sears Stock be offered, the plan’s fiduciaries were obligated by...
Fiduciary Caused ESOP Participants To Overpay for Company Stock
A New Jersey District Court judge awarded more than $9.4 million to the plan.
Peabody Energy Stock Drop Suit Dismissed
A judge concluded plaintiffs did not allege special circumstances or offer plausible alternatives according to standards set forth in the...