Benefits |
New Coalition Working on ‘Expanding ESOPs’
According to the group, its efforts can improve wealth-building efforts for American workers.
Tag: ESOPs
Acquisition from Ascensus Will Expand Principal’s ESOP Business
Deal will bring Principal's market representation to more than 2,000 ESOP plans and about 765,000 participants.
ESOPs Fables: What Does the Omnibus Do for Employee Ownership?
SECURE 2.0 and the WORK Act, both found in the appropriations package, would reform ESOPs with the aim of making...
ESOP Participants Benefit From Higher Retirement Savings
Employee-owners at S corporations can accrue benefits leading to superior retirement readiness.
ESOPs Provided Financial Resiliency to Employees During the Pandemic
Participants in ESOPs were able to accrue larger balances than their non-ESOP counterparts, research found.
Plaintiffs Allege ERISA Breach Against Chicago Consultant
A new complaint claims that West Monroe ESOP participants who sold stock in the company did not receive fair market...
DOL’s ESOP Valuation Case Against Engineering Firm Falls Flat
The court notes that the ESOP trustees, while accepting a price very close to what the sellers were seeking, saved...
A Closer Look at S-Corporation Employee Ownership
Several bills circulating in Congress would streamline and promote S-corporation employee stock ownership plans. One expert says such ‘S-ESOPs’ benefit...
Benefits |
Plan Sponsor Roundtable: The New Focus on Financial Wellness
Plan sponsors discussed benefits they consider part of their financial wellness offerings that might not typically be viewed as such.
Benefits |
Employers Begin to See Long-Term Value of Stock Options
Equity compensation has not traditionally been used for retirement savings, but there are ways to incorporate it into employees’ long-term...
Plan Design Decisions Can Reduce Overconcentration in Company Stock
Research from Vanguard supports the continuation of rethinking decisions about company stock offerings in defined contribution plans.
Bill Would Fill Gaps in Previous Retirement Legislation
The SAVE Act would allow 403(b) plan sponsors to join open MEPs and incentivize the creation of ESOPs, among other...
Settlement Reached in Lawsuit Alleging Imprudent Sale of ESOP Assets
ESOP plan committee and Republic Services defendants, as well as GreatBanc Trust Co., have agreed to a $7.9 million payment.
DOL, Wilmington Trust Reach Agreement Over ESOP Overpricing
The agreement requires Wilmington Trust to pay $80 million to 21 employee stock ownership plans (ESOPs) for which it served...
Monitoring DC Plans’ Company Stock Investments During Market Volatility
Decisions for 401(k) plan sponsors with company stock on their investment menus are different than those for sponsors of true...
Insurance Company to Pay $3 Million to ESOP for Alleged Share Overpayment
The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence...
Settlement Announced in Case About Forcing Participants Out of ESOP
The case has been stayed until the parties can draft the settlement agreement.
Wilmington Trust Agrees to Settle ESOP Lawsuit
It has agreed to pay $5 million into a settlement fund.
Reducing the Risk of ESOP Investigations and Litigation
An NCEO report provides details about DOL investigations and litigation against ESOPs and provides considerations for ESOP valuations.
Opinions |
Pairing ESOPs With 401(k)s Can Heighten Retirement Outcomes
Trevor Bare, with Conrad Siegel, discusses the differences between ESOPs and 401(k) plans and how offering both can better prepare...