Tag: Employee Stock Ownership Plans

In such plans, they have more than twice the average retirement balance of other workers.

For the third year in a row, respondent companies to the ESOP Association's annual survey saw profits rise more than revenue, and a more than half of companies...

A letter to the president from members of Congress asks for protection against the DOL's practice of “regulation through litigation.”

Reliance Trust will pay $4,545,454 back to the plan within 30 days.

"As businesses become more aware of employee ownership's advantages—which include higher corporate performance, a share in the rewards for employees, and a retirement plan that often outperforms other...

Plaintiffs in the lawsuit are participants and beneficiaries of the Rainbow Disposal Co., Inc. Employee Stock Ownership Plan, who seek to restore losses to the plan and to...

The settlement agreement resolves a civil suit brought by the DOL, alleging Cactus Feeders Inc. ESOP fiduciaries failed to fulfill their obligations under ERISA during a December 2010...

It would provide $500 million in support of employee stock ownership plan (ESOP) programs and would operate through the Small Business Administration.

A federal district court has entered a consent judgment requiring the fiduciaries of the Sonnax Industries’ employee stock ownership plan (ESOP) to pay $2,225,000 to the plan.

Both aim to promote employee ownership and have bipartisan support.

The class-action suit had accused the company of making statements to artificially inflate Eaton’s stock.

Newly leveraged Employee Stock Ownership Plans that borrow a large amount may find that their deductible expenses will be lower.