Tag: employee stock ownership plans

The rule would clarify the issue of 'adequate consideration' and replace a pending regulation first offered decades ago.

According to the group, its efforts can improve wealth-building efforts for American workers.

A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...

The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement...

A report from Matrix Global Advisors found that ESOPs need clear rules on valuation, which SECURE 2.0 requires the DOL...

The plan’s former trustee, Reliance Trust Company, settled a complaint following an investigation.

The tax agency intends to use outreach and expanded exams over the next year to address compliance by companies with...

The department is seeking access to retirement assets owned by employees of a closed time-share-properties business in Houston.

Plan sponsors whose workforce has access to Employee Stock Ownership Plans may accrue benefits of reduced worker turnover, research shows....

Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer,...

The plaintiffs allege fiduciary breaches occurred in a leveraged buyout after the company founder’s death.

The Arborwell Inc. employee stock ownership program began in 2017, but the plaintiffs allege the ESOP’s 2020 sale to CI...

The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...

A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of...

A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best...

Former employees allege that retirement plan fiduciaries engaged in prohibited transactions and breached their fiduciary duty to participants.

Awards were given in nine categories representing various plan types and sizes.

Employee-owners at S corporations can accrue benefits leading to superior retirement readiness.  

Participants in ESOPs were able to accrue larger balances than their non-ESOP counterparts, research found.