Tag: ESOP

House Ways and Means Committee members introduced legislation designed to spur more employee-ownership in private industry.

A federal appellate court ruled Morgan Stanley & Co. and its CEO were not acting in a fiduciary capacity when deciding to make company contributions to two retirement...

The 11th U.S. Circuit Court of Appeals used its own case history to dismiss a lawsuit brought by participants in a Delta Air Lines employee stock ownership plan...

For the second time, a U.S. district court has found State Street Bank and Trust did not violate its duties to General Motors (GM) retirement plan participants in...

What is the trustee of a retirement plan that offers employer stock as an investment option supposed to do with inside information that the stock price may be...

Blue Ridge ESOP Associates has named Kevin T. Rusch as the firm's director of plan administration.

A New York-based home-care agency and its former owners have resolved issues with the Department of Labor (DOL) regarding an employee stock ownership plan (ESOP) offering.

The Department of Labor (DOL) is seeking to restore losses to an employee stock ownership plan (ESOP) based in Warsaw, Indiana.

The U.S. Supreme Court has agreed to hear a case raising fiduciary issues and questions about what constitutes prudent investment decisionmaking within employee stock ownership plans (ESOP).

Among the massive waves of Baby Boomers heading into retirement are a significant number of business owners who face a dilemma—they want to transition into retirement but, for...

Congressmen have introduced a bill to modify the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).

The Internal Revenue Service (IRS) is granting relief for employee stock ownership plans (ESOPs) that have to make amendments to satisfy diversification requirements.

A provision in President Obama’s Fiscal Year 2014 budget that pertains to employee stock ownership plans (ESOPs) could result in a disincentive for offering the plans.

Former employees of Jeld-Wen Inc. filed a lawsuit claiming an amendment to the firm’s employee stock ownership plan (ESOP) took away their benefits.

An analysis suggests employee stock-owned companies laid off fewer workers during the recession.

The Principal has introduced a training program and resources to help advisers tap the business-owner market via employee stock ownership plans (ESOPs).

Employee stock ownership plan (ESOP) companies saw an economic upturn in 2011, with continued increased share value, support among company leaders and better productivity.

A California court denied a participant’s claim that a state law allows for him to receive shares of a company's non-operational employee stock ownership plan (ESOP), on grounds...

The 2nd U.S. Circuit Court of Appeals has found that Citigroup fiduciaries did not abuse their discretion in continuing to offer company stock as an investment in its...

A New York district court has ruled that Lehman Brothers did not violate its fiduciary duties under the Employee Retirement Income Security Act (ERISA) by continuing to offer...