Tag: ESOPs

Provisions found in the Work Act and SECURE 2.0 Act, both parts of the spending package, are intended to promote...

The agency says the webcasts will help employers and service providers understand provisions of ERISA and how to avoid common problems in plan management.

The complaint claims ERISA violations against the company for allegedly deflating the plan’s value.   

The defendants’ motion for summary judgment, based on the release of claims and their contention that the plaintiff didn’t suffer an injury, was denied.

A Department of Labor lawsuit says the fiduciaries allowed the ESOP's ownership shares to be sold for less than market...

One commentator who works in the employee stock ownership plan space says the ruling represents “one of the most comprehensive rebukes of DOL arguments” in such a valuation...

Workers at employee-owned S corporations, who invest in and own their employers via ‘S employee stock ownership plans,’ report being...

The case history of IBM v. Jander shows the importance, but also the limitations, of Supreme Court rulings in fiduciary...

The participants claim they were mislead and intimidated to sell their shares back to the company at a price significantly lower than fair market value.

The SECURE Act's provisions for pooled employer plans (PEPs) did not apply to 403(b) plans.

The firm has previously settled similar challenges related to market price evaluation services provided to employee stock ownership plans.

The lawsuit alleges a series of bad-faith dealings were made that caused losses to the ESOP while benefiting executives.

The DOL alleged Wilmington Trust caused losses to ESOPs when it authorized them to pay more than fair market value for privately held employer stock.

The Department of Labor brought the underlying case and has argued successfully in opposition to the defendants’ dismissal motion, which has now been denied.