Tag: ESOPs

A judge previously found eliminating ESOP participants’ right to invest in company stock is not a violation of ERISA’s anti-cutback provisions, but forcing participants with balances greater than...

The motion cites as one reason for settlement “probable costs, in both time and money, of continued litigation.”

A federal district court judge explained how the plaintiff actually benefited after the stock shares were purchased, so she suffered no harm.

Fiduciaries were ordered to restore $6,502,500 to the plan for an overpriced purchase.

A federal court judge found a severance agreement was broad enough to cover Employee Retirement Security Act (ERISA) claims against the trustee of an employee stock ownership plan...

The one in Detroit will take place on June 5 and in Wilmington, Delaware, June 25

Since there are no prescribed correction methods to address Internal Revenue Code Section 409(p) violations, prevention methods are important considerations for both employee stock ownership plan design and...

In addition, the agency is holding a three-day webcast series in March.

In addition, the DOL has announced a “Getting It Right – Know Your Fiduciary Responsibilities” webcast series will be held March 12 through March 14.

The decision breaks from other cases in which district and appellate judges have found plaintiffs did not meet strict pleading standards established by the influential Dudenhoeffer decision.

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

The DOL has issued an advisory opinion letter in response to a request by Retirement Clearinghouse (RCH), for the Department’s opinion on the status of certain parties as...

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.

A significant split among circuit courts on this issue remains unresolved.