Court Issues Mixed Ruling in Case Over ESOP Stock Purchase
The court decision highlights the difficulty in determining the fiduciary status of parties and of making claims for equitable relief...
Tag: ESOPs
Study Finds Benefits of ESOPs for Employees and Employers
Among other things, workers with employee ownership experienced layoffs six times less often than those without, and employee turnover can...
Severance Agreement Bars Former Employee From Suing Over ESOP
A federal court judge cited a 5th U.S. Circuit Court of Appeals decision in Chaplin v. NationsCredit Corp. that concluded,...
Benefits |
ESOPs More Valuable Than Just a Retirement Savings Vehicle
Employee stock ownership plans (ESOPs) have been shown to provide a higher retirement savings balance than other plan types, and...
Prevention the Key to ESOPs Not Violating Nonallocation Year Rules
The IRS explains that the rules under IRC Section 409(p) are designed to prevent a group of “disqualified persons” from...
ESOPs As a Retirement, and Succession, Plan
ESOPs can help employees amass greater retirement benefits, as well as help business owners keep control in planning for the...
Stock-Drop Lawsuit Targeting IBM Revived and Remanded
An appellate court has taken the rare step of overturning a successful motion to dismiss a stock drop lawsuit targeting...
Companies With ESOPs Report Advantages for Business
In addition, 55% of responding companies contributed to their ESOPs an amount equivalent to 11% or more of participants’ pay—far...
Members of Congress Ask Trump to Protect ESOPs
In a letter, members of Congress accuse the DOL of “regulation through litigation” and ask that clear guidance regarding valuation...
Divisions Remain in Courts Regarding the Burden of Proof
A case set to go to the U.S. Supreme Court for a decision about who bears the burden of proof...
Pro-ESOP Bill Signed Into Law
Among other things, the Main Street Employee Ownership Act focuses on increasing the role of the Small Business Administration (SBA)...
Bill Would Encourage Small Businesses to Create ESOPs
The bill would amend Section 7(a) of the Small Business Act, expanding loans to small business employers for the purpose...