Purchase of Company Assets at Low Price no Fiduciary Breach to ESOP
June 20, 2007 (PLANSPONSOR.com) - The U.S. District Court for the Southern District of Alabama has found that participants of...
Tag: ESOPs
Products |
Principal Unveils Online ESOP Reporting Service
June 7, 2007 (PLANSPONSOR.com) - The Principal Financial Group has unveiled a new online distribution service for employee stock ownership...
Court: Challengers Must Prove Plan Loss for Fiduciary Breach in ESOP Merger
April 18, 2007 (PLANSPONSOR.com) - The 3rd U.S. Circuit Court of Appeals ruled that because there was "no loss" when...
Supreme Court Refuses United Airlines ESOP Appeals
February 21, 2007 (PLANSPONSOR.com) - The U.S. Supreme Court has turned away two appeals involving State Street Bank & Trust...
Benefits |
Va. Furniture House Firm Axes ESOP for 401(k)
January 29, 2007 (PLANSPONSOR.com) - A Virginia-based marketing company for the home furnishing sector announced Monday that it would shut...
Final Regs Issued Concerning Prohibited ESOP Allocations
December 19, 2006 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) and Treasury Department have issued final regulations that provide guidance...
Products |
NCEO Provides Model ESOP to Guide Plan Creation
November 16, 2006 (PLANSPONSOR.com) - The National Center for Employee Ownership (NCEO) is offering a publication that includes a model...
IRS Distributes Final ESOP Redemption Rules
August 30, 2006 (PLANSPONSOR.com) - Federal officials have released final tax rules, which feature without significant changes proposed regulations governing...
Benefits |
Employers Say ESOPs are Good for Business
August 16, 2006 (PLANSPONSOR.com) - Ninety-one percent of respondents to the Employee Ownership Foundation's ESOP Economic Performance Survey said creating...
DoL Seeks Restoration for ESOP Plan of SC Company
June 27, 2006 (PLANSPONSOR.com) - The Department of Labor (DoL) has brought a lawsuit against Hagemeyer North America Inc. in...
Company Fined for ESOP Wrongdoing
June 20, 2006 (PLANSPONSOR.com) - A court judgment ordered a former Tennessee home-health company to pay $325,000 as part of...
DoL Settles Improper ESOP Trade Allegations in CA Plan
June 1, 2006 (PLANSPONSOR.com) - The trustees of an employee stock ownership plan (ESOP) sponsored by a Stockton, California company...
Lack of Notes not Proof of Fiduciary Violation
May 1, 2006 (PLANSPONSOR.com) - The 2nd Circuit US Court of Appeals vacated a district court's judgment that a trustee...
Textron ESOP Claims Thrown Out
March 7, 2006 (PLANSPONSOR.com) - Former Textron Inc. employees have hit a major legal roadblock in their long-standing battle to...
Malpractice Claim Against Investment Firm not Preempted by ERISA
January 9, 2006 (PLANSPONSOR.com) - The US District Court for the District of Nebraska has rejected the argument that employee...
Benefits |
Portland Administrator Settles on Retirement Funds Misuse Claim
December 29, 2005 (PLANSPONSOR.com) - The US Department of Labor (DoL) has reached a settlement with the president of a...
ESOP Trustee Secretly Takes Over Company
September 19, 2005 (PLANSPONSOR.com) - The US District Court for the Western District of Tennessee found that an Employee Stock...
Azon Corp. to Restore ESOP Money
September 14, 2005 (PLANSPONSOR.com) - Azon Corp. has agreed to a settlement of $9.35 million for employee stock ownership plan...
7th Circuit Clears ESOP Administrator of Wrongdoing
September 8, 2005 (PLANSPONSOR.com) - Federal appellate judges have cleared an ESOP administrator of wrongdoing over allegations the administrator improperly...
IRS Releases ESOP Deductions Proposals
August 25, 2005 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has proposed regulations to clarify several issues involving deductions for...