A survey from Callan Associates shows that few large company sponsors of 401(k) plans intend to make major changes in company stock in their plans in the wake of the Supreme Court decision in the Fifth Third Banc v. Dudenhoeffer case.
An article in Bloomberg BNA cites NCEO research in observing that 21 lawsuits that involve ESOPs were filed in the most recent 12-month period, a smaller number than in most years.
A recent survey (PDF format) of 2116 worldwide recipients (1,475 of whom were in the U.S.) of individual equity plan awards and/or participants in employee stock purchas
A newly released survey by Fidelity Investments shows that 25% of respondents say they have little or no understanding of their stock purchase plan and one-third have little or no understanding of their stock option plan.
A new Fidelity Investments study of Fidelity corporate clients with over $100 million in assets shows that the percentage of companies offering stock in their 401(k) plans dropped from 39% in 2005 to 28% in 2016, while the percentage of employees having company stock in these plans dropped from 4
The Department of Labor (DOL) has obtained a consent order for fiduciaries to repay funds to an ESOP. The order requires fiduciaries of the Parrot Cellular ESOP to pay $4,181,818 to the plan.
In Allen v. GreatBanc Trust Co., No. 1:15-cv-03053 (N.D. Ill. Oct. 1, 2015), a district court dismissed a lawsuit against GreatBanc Trust in its role as a fiduciary in an ESOP transaction at Personal-Touch Home Care.
The U.S. Department of Labor (DOL) proposed sweeping changes for ERISA fiduciaries two years ago, including rules that would make ESOP appraisers plan fiduciaries.
