Judge Moves Forward Fannie Mae Stock Drop Suit
October 23, 2012 (PLANSPONSOR.com) – A federal judge has determined participants in the Federal National Mortgage Association’s (FNMA) Employee Stock...
Tag: ESOP
ESOP Companies Report 2011 Economic Upturn
October 15, 2012 (PLANSPONSOR.com) – Employee stock ownership plan (ESOP) companies saw an economic upturn in 2011, with continued increased...
Products |
ASPPA Creates ESOP Administration Certificate
October 10, 2012 (PLANSPONSOR.com) – The American Society of Pension Professionals & Actuaries (ASPPA) released a new educational certificate, The...
DOL Says Overvaluing Stock Led to ESOP Losses
October 2, 2012 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) filed a lawsuit against GreatBanc Trust Co. and Sierra...
Former CEO Subject of ESOP Suit
July 26, 2012 (PLANSPONSOR.com) - The Department of Labor (DOL) is suing the former CEO of a New Jersey paving...
Court Finds ERISA Violation from Following Terms of ESOP
June 13, 2012 (PLANSPONSOR.com) – A federal district court has found employee stock ownership plan (ESOP) fiduciaries “abused their discretion...
Cellular Company Owner Accused of Misusing ESOP
April 25, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor filed a lawsuit seeking to recover losses suffered by participants...
Tribune Workers Have Retirement Savings Restored
February 24, 2012 (PLANSPONSOR.com) – The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement...
Benefits |
Company Stock Holdings Decreased Since PPA
February 7, 2012 (PLANSPONSOR.com) - The share of plan assets in company stock fell seven percentage points for KSOPs, because...
Benefits |
Kodak Employee Files Lawsuit Regarding Retirement Plans
January 31, 2012 (PLANSPONSOR.com) – A Kodak worker has filed a lawsuit against the company.
Reliance Trust Adds ESOP Valuation Expert
January 30, 2012 (PLANSPONSOR.com) – Reliance Trust Company added employee stock ownership plan (ESOP) valuation expert Bucky Wright to its...
Claim for ESOP Benefits Under State Law Preempted by ERISA
October 24, 2011 (PLANSPONSOR.com) – The U.S. District Court for the Northern District of California ruled a plan participant’s claim...
Florida Bank Wins Dismissal of Stock Drop Suit
September 28, 2011 (PLANSPONSOR.com) – A federal court has dismissed claims that trustees and directors of Orion Bancorp’s Employee Stock...
Benefits |
Settlement Reached in ESOP Fiduciary Breach Suit
August 22, 2011 (PLANSPONSOR.com) – L.A. Times employees of media company Tribune who sued over the 2007 Sam Zell-led takeover...
Benefits |
Most Stock Drop Cases Involve 401(k) Plans
August 17, 2011 (PLANSPONSOR.com) - In a new review of litigation on the issue of employer stock in retirement plans,...
Court Moves Forward Suit over State Street FX Practices
August 8, 2011 (PLANSPONSOR.com) – A federal court has moved forward claims by investors in State Street stock, including retirement...
IRS ESOP Review Worksheet Revised
August 2, 2011 (PLANSPONSOR.com) - The Internal Revenue Service has created a revised three-page Employee Stock Ownership Plan (ESOP) Review...
Bill Would Exclude ESOP Appraisers from Fiduciary Rule
July 1, 2011 (PLANSPONSOR.com) – A new U.S. Senate bill would exclude appraisers of employee stock ownership plans (ESOPs) from...
Bill Would Exclude ESOP Appraisers from Fiduciary Rule
July 1, 2011 (PLANSPONSOR.com) – A new U.S. Senate bill would exclude appraisers of employee stock ownership plans (ESOPs) from...
Products |
The Principal Extends TPA Expense Allowance Program
June 13, 2011(PLANSPONSOR.com) - The Principal Financial Group announced...