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The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership.
Companies that offer their stock to employees through an employee stock ownership plan (ESOP) or 401(k) plan are increasingly vulnerable to fiduciary liability lawsuits, according to a white paper developed for the Chubb Group of Insurance Co.
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD A federal court judge in the US has ruled that employees of United Airlines can go ahead with a class-action lawsuit against the airline's employee stock ownership plan and its trustees.
A combination 401(k) plan and employee stock ownership plan, commonly called a KSOP, can be used to decrease the administrative and legal expenses for employers who maintain both a 401(k) plan and an employee stock ownership plan.
Krause president Chet Krause, who set up an employee stock ownership plan 14 years ago in an attempt to keep ownership local, said the ultimate per-share price would be significantly higher, although it was not clear if a higher per-share price would increase the purchase price.
Last year he established an Employee Stock Ownership Plan at the company, giving approved workers a part ownership in the company.
CAPTION(S): CHART[ordinal indicator, masculine]PHOTO Photo (1--Color) United ramp agent Art Rodriguez, who joined the airline before a stock ownership plan was adopted, calls the firm dynamic.
Employee stock ownership plans Employee stock ownership plans added 865,000 employees to new and existing plans last year, according to an estimate by the National Center for Employee Ownership.