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WEBINAR REPLAY

What the DOL v. GreatBanc Trust Co. ESOP Court Settlement Means for ESOPs

NCEO 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 our Colleen Kearney at 510-208-1311 or ckearney@nceo.org for additional information.

This replay was recorded on March 10, 2015.

About This Meeting

In 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.

Program

What the DOL v. GreatBanc Trust Co. ESOP Court Settlement Means for ESOPs
Loren Rodgers, NCEO and Ted Becker, Drinker, Biddle & Reath, LLP

Presenters

Theodore M. Becker

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Drinker, Biddle & Reath LLP

Ted is chair of his law firm's national ERISA litigation practice. He represents companies that sponsor ESOPs and other benefit plans, their directors and officers, plan fiduciaries, administrators, investment advisers, and other service providers in lawsuits in federal and state trial, appeal, and bankruptcy courts, arbitrations and mediations, investigations by the Department of Labor, and Internal Revenue Service audits. He earned his law degree with highest honors at Northwestern University, and was a fellow at Yale Law School, where he taught.

Loren Rodgers

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National Center for Employee Ownership

Loren joined the NCEO in 2005 and became its executive director in 2010. He writes extensively on employee ownership in professional and academic publications and has spoken at events around the world. Since he entered the field in 1995 as a consultant, he has worked with hundreds of companies. His expertise includes ESOPs, equity compensation, best practices for employee ownership companies, research, effective communications, employee motivation, corporate governance, ESOP transactions and operations, and business literacy.