DoL Recovers More than $12M for CA Company ESOP Participants
March 11, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained consent judgments providing for restitution of more than...
Tag: ESOP
DoL Sues ESOP Trustee over Stock Purchase
March 4, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has sued a trustee of the Westra Construction Inc. Employee...
Forcing Terminated Participants out of Company Stock no ERISA Violation
March 2, 2010 (PLANSPONSOR.com) – A federal court has ruled that an Employee Stock Ownership Plan sponsor did not breach...
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Principal Launches Ninth Search for the 10 Best
February 1, 2010 (PLANSPONSOR.com) - Providing a sense of financial security for employees whether the economy is in...
ESOPs Get Legislative Backing
December 24, 2009 (PLANSPONSOR.com) – Employee stock ownership plan (ESOP) proponents got some legislative backing last week.
Tribune ESOP Fiduciary Breach Suit Moves Forward
December 21, 2009 (PLANSPONSOR.com) – A federal court has moved forward claims that fiduciaries for the Tribune Company Employee Stock...
Court Moves Forward Claim ESOP Reps Omitted Financial Data
December 15, 2009 (PLANSPONSOR.com) – A federal court has ruled that a former Employee Stock Ownership Plan (ESOP) participant can...
Tribune Co. ESOP to be Terminated
November 4, 2009 (PLANSPONSOR.com) - In a memo to Tribune Co. employees announcing a new retirement plan, Chief Administrative Officer...
Benefits |
Survey Finds Companies with ESOP Outperformed Stock Market
August 17, 2009 (PLANSPONSOR.com) - Results from the Employee Ownership Foundation's 18th Annual ESOP Economic Performance Survey show that 88.5%...
DoL Subpoenas Tribune on ESOP
April 10, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor has subpoenaed Tribune Co. in an investigation connected to the...
Federal Judge Allows Ford ESOP Suit to Move Forward
December 24, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Michigan has denied a motion to...
CA Firm Charged with Misusing ESOP Assets
November 13, 2008 (PLANSPONSOR.com) - The U.S. Department of Labor has sued the board of directors of The Employee Ownership...
Benefits |
ESOP Member Firms Give Program Big Thumbs Up
September 2, 2008 (PLANSPONSOR.com) - Executives at companies with an employee stock ownership plan (ESOP) are nearly all jumping for...
Benefits |
Study Indicates Majority-Owned ESOP Firms Enjoy Greater Productivity
June 18, 2008 (PLANSPONSOR.com) - Recent research by Brent Kramer, a doctoral candidate at the City University of New York,...
IRS Changes Reporting Requirements for Dividends on ESOP Distributions
June 10, 2008 (PLANSPONSOR.com) - Beginning with distributions in 2009, the reporting of dividends on employer securities that are distributed...
Bankruptcy Appellate Panel Upholds IRA Assets Exclusion
May 19, 2008 (PLANSPONSOR.com) - A 10th U.S. Circuit Bankruptcy Appellate Panel has upheld a lower court ruling that the...
ESOP Benefits of Fiduciary Who Breached His Duties Can Offset Plan Loss
April 15, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Northern District of Alabama has determined a former bank...
Current ESOP Participant can Represent Former Participants in Suit
January 3, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of California has determined that a current...
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Principal Tool Simplifies Financial Liability Forecasting for ESOPs
November 8, 2007 (PLANSPONSOR.com) - The Principal Financial Group has announced a new tool to make the task of financial...
Rangel Bill Would Tax Stock Option Exercise in S Corps. with ESOPs
October 26, 2007 (PLANSPONSOR.com) - U.S. Representative Charles Rangel (D-New York) has unveiled a bill requiring the recognition of ordinary...