DoL Gets $10.5M for DirecTECH ESOP Plan Participants
June 8, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained six consent judgments requiring payment of $10,454,545 in...
Tag: ESOP
Law Firm Supports Making ESOP Valuators Fiduciaries
April 22, 2011 (PLANSPONSOR.com) – Unlike other commenters on the Department of Labor’s proposed redefinition of fiduciary, the law firm...
Lawmakers Introduce Legislation to Promote ESOPs
April 22, 2011 (PLANSPONSOR.com) – Congressman Ron Kind (D-Wisconsin) has introduced the "Promotion and Expansion of Private Employee Ownership Act...
Judge Approves Class in Tribune ESOP Suit
March 7, 2011 (PLANSPONSOR.com) – The suit against the trustee of the Tribune Co. Employee Stock Ownership Plan during the...
Products |
Principal Gets Auditor Opinion for ESOP Client Services
March 3, 2011 (PLANSPONSOR.com) – The Principal Financial Group has obtained an independent audit opinion issued according to Statement of...
ESOP Association Warns against Making Valuators Fiduciaries
February 1, 2011 (PLANSPONSOR.com) – In comments to the Department of Labor’s Employee Benefits Security Administration regarding the proposed change...
Fiduciary Expansion Proposal Could Hurt ESOPs: Commenters
January 19, 2011 (PLANSPONSOR.com) – Two of those offering public comment to the U.S. Department of Labor (DoL) about its...
IRS Declares ESOP not Tax Qualified
January 7, 2011 (PLANSPONSOR.com) – The U.S. Tax Court has upheld a decision by the Internal Revenue Service (IRS) that an...
Decision Stands that Nestle Purina Cannot Deduct Distribution Dividends
October 5, 2010 (PLANSPONSOR.com) - The U.S. Supreme Court has turned away a request by Nestlé Purina Petcare Co. to...
Benefits |
ESOP Companies Contribute More to Employee Savings
September 15, 2010 (PLANSPONSOR.com) – New research from the National Center for Employee Ownership (NCEO) finds the average ESOP participant...
Benefits |
Leaders of ESOP Companies Still Support Employee Ownership
September 13, 2010 (PLANSPONSOR.com) - Even though ESOPs were not immune to impacts of the recent recession, leaders of ESOP...
Court Finds Plan Trustee Could not Act on Knowledge of Breaches
September 2, 2010 (PLANSPONSOR.com) – A federal court in Illinois has ruled that participants of the Antioch Company Employee Stock...
Benefits |
Majority of ESOP Sponsors Offer another Retirement Plan
August 11, 2010 (PLANSPONSOR.com) - Approximately 90% of ESOP Association members surveyed reported having retirement savings plans in addition to...
Judge Relieves Zell of Liability for Tribune ESOP Losses
August 11, 2010 (PLANSPONSOR.com) – A federal judge has ruled that Sam Zell, who took the Tribune Company private in...
Benefits |
TX Power Company Adds ESOP
July 8, 2010 (PLANSPONSOR.com) – A Houston, Texas-based retail electricity provider has announced the creation of an employee stock...
NCEO Says Employer Stock Generally Wins in Court
June 14, 2010 (PLANSPONSOR.com) – A recent analysis offers some comfort for plan sponsors who have stock...
Settlement of Fannie Mae Stock Suit Gets Preliminary Approval
June 9, 2010 (PLANSPONSOR.com) – A federal court judge has given preliminary approval to a $7.25-million settlement of an Employee...
ESOP Trustee Cleared of ERISA Wrongdoing
May 25, 2010 (PLANSPONSOR.com) – The trustee of an employee stock ownership plan (ESOP) acted in good faith when it determined...
New Bill Would Add ESOP Tax Boosts
May 13, 2010 (PLANSPONSOR.com) – Two federal lawmakers have introduced a bill they say would boost employee-owned businesses through tax...
Court Dismisses Most Claims in State Street Stock Suit
March 19, 2010 (PLANSPONSOR.com) – A federal court has dismissed most claims against State Street Corporation and its retirement plan...