What the DOL v. GreatBanc Trust Co. ESOP Court Settlement Means for ESOPsNCEO Webinar replays are the recorded version of our live Webinars, using PowerPoint presentations viewed online. To purchase a twelve-month subscription providing unlimited access to all recorded Webinars, including this one, follow this link. (Replays are not available for individual purchase). Please contact Andrea Johnson at 510-208-1309 or firstname.lastname@example.org for additional information.
This replay was recorded on March 10, 2015.
About This MeetingIn 2014, the Department of Labor and GreatBanc Trust agreed to a settlement in an ESOP lawsuit that laid out best practices for the bank to follow as an ESOP trustee in selecting, evaluating, and documenting the appraisal process. While binding only on GreatBanc, many experts believe the guidelines are worth following for other ESOP fiduciaries.
- What does the GreatBanc settlement require?
- Do you really need to do everything the settlement requires?
- Will the settlement change how to select and evaluate appraisers and appraisals?
Theodore M. Becker