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DOL and GreatBanc Reach Settlement in Wells Fargo Stock Case: The Department of Labor has reached a $145 million settlement over an investigation in which the DOL alleged that the company’s 401(k) plan paid between $1,033 and $1,090 per share from 2013 to 2018 for Wells Fargo pre

Settlement Reached in RVR ESOP Case

Seventh Circuit Says ERISA Does Not Preempt Certain Bankruptcy Law Claims: In Halperin v. Richards, No. 20-2793, WL 3184305 (7th Cir.

Boeing Wins Stock-Drop Lawsuit: In Burke v. Boeing, No. 20-3389 (7th Cir., Aug.

In February, the IRS proposed changes to forfeiture rules for defined benefit and defined contribution plans. The comment period has now ended, and the changes should be finalized soon.

Supreme Court Agrees to Review IBM Stock-Drop Decision: In Retirement Plans Committee of IBM v. Jander, No. 18-1165 U.S. (certiorari granted June 3, 2019), the U.S.

More stock-drop cases fail Lifetouch lawsuit dismissed New plan limits announced

When was the last time you changed your mind? For me, this was a harder question to answer than I had first anticipated.

Many companies are looking at changing their distribution policies in light of the economic crisis. So what can you do?

As an ESOP matures, the company may want to change the form and/or timing of its distribution rules. There are three issues that need to be considered when doing this: