IRS Declares ESOP not Tax Qualified
January 7, 2011 (PLANSPONSOR.com) – The U.S. Tax Court has upheld a decision by the Internal Revenue Service (IRS) that an...
Tag: ESOP
Decision Stands that Nestle Purina Cannot Deduct Distribution Dividends
October 5, 2010 (PLANSPONSOR.com) - The U.S. Supreme Court has turned away a request by Nestlé Purina Petcare Co. to...
Benefits |
ESOP Companies Contribute More to Employee Savings
September 15, 2010 (PLANSPONSOR.com) – New research from the National Center for Employee Ownership (NCEO) finds the average ESOP participant...
Benefits |
Leaders of ESOP Companies Still Support Employee Ownership
September 13, 2010 (PLANSPONSOR.com) - Even though ESOPs were not immune to impacts of the recent recession, leaders of ESOP...
Court Finds Plan Trustee Could not Act on Knowledge of Breaches
September 2, 2010 (PLANSPONSOR.com) – A federal court in Illinois has ruled that participants of the Antioch Company Employee Stock...
Benefits |
Majority of ESOP Sponsors Offer another Retirement Plan
August 11, 2010 (PLANSPONSOR.com) - Approximately 90% of ESOP Association members surveyed reported having retirement savings plans in addition to...
Judge Relieves Zell of Liability for Tribune ESOP Losses
August 11, 2010 (PLANSPONSOR.com) – A federal judge has ruled that Sam Zell, who took the Tribune Company private in...
Benefits |
TX Power Company Adds ESOP
July 8, 2010 (PLANSPONSOR.com) – A Houston, Texas-based retail electricity provider has announced the creation of an employee stock...
NCEO Says Employer Stock Generally Wins in Court
June 14, 2010 (PLANSPONSOR.com) – A recent analysis offers some comfort for plan sponsors who have stock...
Settlement of Fannie Mae Stock Suit Gets Preliminary Approval
June 9, 2010 (PLANSPONSOR.com) – A federal court judge has given preliminary approval to a $7.25-million settlement of an Employee...
ESOP Trustee Cleared of ERISA Wrongdoing
May 25, 2010 (PLANSPONSOR.com) – The trustee of an employee stock ownership plan (ESOP) acted in good faith when it determined...
New Bill Would Add ESOP Tax Boosts
May 13, 2010 (PLANSPONSOR.com) – Two federal lawmakers have introduced a bill they say would boost employee-owned businesses through tax...
Court Dismisses Most Claims in State Street Stock Suit
March 19, 2010 (PLANSPONSOR.com) – A federal court has dismissed most claims against State Street Corporation and its retirement plan...
DoL Recovers More than $12M for CA Company ESOP Participants
March 11, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained consent judgments providing for restitution of more than...
DoL Sues ESOP Trustee over Stock Purchase
March 4, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has sued a trustee of the Westra Construction Inc. Employee...
Forcing Terminated Participants out of Company Stock no ERISA Violation
March 2, 2010 (PLANSPONSOR.com) – A federal court has ruled that an Employee Stock Ownership Plan sponsor did not breach...
Products |
Principal Launches Ninth Search for the 10 Best
February 1, 2010 (PLANSPONSOR.com) - Providing a sense of financial security for employees whether the economy is in...
ESOPs Get Legislative Backing
December 24, 2009 (PLANSPONSOR.com) – Employee stock ownership plan (ESOP) proponents got some legislative backing last week.
Tribune ESOP Fiduciary Breach Suit Moves Forward
December 21, 2009 (PLANSPONSOR.com) – A federal court has moved forward claims that fiduciaries for the Tribune Company Employee Stock...
Court Moves Forward Claim ESOP Reps Omitted Financial Data
December 15, 2009 (PLANSPONSOR.com) – A federal court has ruled that a former Employee Stock Ownership Plan (ESOP) participant can...