• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Affiliate Login
  • Join Our Network
  • Affiliate News
  • Lawyer Directory
  • Newsletters
  • Contact Us
  • Our Feeds

Employment Law Information Network

All Things Labor and Employment Law

Get Our Daily or Weekly Newsletter!
Articles • Alerts • Expert Advice
Daily Newsletter
Weekly Newsletter
California Newsletter
  • Federal Articles
  • State Articles
  • HR News
  • Trending
  • Human Resources
    • HR Guidebook
    • HR Policy Samples
    • Employment Contracts
  • Discussion Forums
  • About Us
Home > Federal Law Articles > Employee Benefits > Employee Coverage

Articles Discussing Employee Coverage Under ERISA.

Tax Incentives for Employee Stock Ownership Plans

November 22, 2016 | Jackson Lewis Filed Under: Employee Coverage

Jackson Lewis

Tax incentive enacted by Congress to promote increased use of employee stock ownership plans include advantages for the sponsoring company and the participating employees. This article reviews some key incentives.

An Introduction to Employee Ownership and Selling to an ESOP

November 22, 2016 | Jackson Lewis Filed Under: Employee Coverage

Jackson Lewis

Perhaps one of the most powerful tax and business succession planning tools available to shareholders of a closely held company is the ability to sell stock to a trust created pursuant to an employee stock ownership plan (“ESOP”) and defer or permanently avoid taxation on any gain resulting from the sale.

Description and Purpose of an ESOP

November 22, 2016 | Jackson Lewis Filed Under: Employee Coverage

Jackson Lewis

An employee stock ownership plan (“ESOP”) is an employee benefit plan qualified for tax-favored treatment under the Internal Revenue Code of 1986, as amended (the “Code”). A plan is “qualified” if it complies with various participation, vesting, distribution, and other rules established by the Code.

Supreme Court Rebukes Ninth Circuit’s Disregard of Prudence Precedent for Employee Stock Ownership Plans

January 28, 2016 | Jackson Lewis Filed Under: Employee Coverage

Jackson Lewis

Providing a specific, stringent pleading standard for claims alleging breach of the duty of prudence against fiduciaries who manage employee stock ownership plans (ESOPs), the U.S. Supreme Court again has reversed the Ninth Circuit Court of Appeals, in Amgen Inc. v. Harris, No. 15-278 (Jan. 25, 2016), because of its failure to apply the proper pleading standard for such claims.

Supreme Court Axes “Presumption of Prudence” in ESOP Stock-Drop Cases

July 8, 2014 | Littler Filed Under: Employee Coverage

Littler

On June 25, 2014, the U.S. Supreme Court issued a decision that gives comfort to “stock-drop” plaintiffs and may cause shockwaves among employee stock ownership plan (ESOP) fiduciary committees. In Fifth Third Bancorp v. Dudenhoeffer,1 the Court held that ESOP fiduciaries are not entitled to any “presumption of prudence” in lawsuits challenging their decision to invest plan assets in company stock. Instead, ESOP fiduciaries “are subject to the same duty of prudence that applies to ERISA fiduciaries in general, except that they need not diversify the fund’s assets.”

Employee Stock Ownership Plans: Innovative and Tax-Efficient Tools to Meet Business Planning Needs

January 9, 2014 | Nexsen Pruet Filed Under: Employee Coverage

You may have heard of them, but may not fully appreciate or understand how an Employee Stock Ownership Plan or “ESOP” could help you meet your business planning goals.

DOL Coordinates With IRS, States On Independent Contractor Misclassification

September 23, 2011 | Franczek P.C. Filed Under: Employee Coverage

Earlier this week, the U.S. Department of Labor held a ceremony at which Secretary of Labor Hilda Solis signed a memorandum of understanding with the Internal Revenue Service to “improve departmental efforts to end the business practice of misclassifying employees in order to avoid providing employment protections.” The DOL also signed or has agreed to sign memorandums of understanding with officials in 11 states to coordinate efforts to crack down on independent contractor misclassification, including Connecticut, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, Missouri, Montana, New York, Utah, and Washington.

Primary Sidebar

Employee Benefits Article Index

  • 401(k) (30)
  • 403(b) (5)
  • Cafeteria Plans (2)
  • COLA (4)
  • Deferred Compensation (3)
  • Defined Benefit Plans (2)
  • Domestic Partners (4)
  • Employee Coverage (7)
  • ERISA (83)
  • Executive Compensation (19)
  • FICA (3)
  • Fiduciary (15)
  • Form 5500 (8)
  • General (Benefits) (193)
  • Health Care Reform (147)
  • HIPAA (44)
  • HSAs (5)
  • Multi-Employer Plans (46)
  • Retiree Benefits (48)
C-Screen

Site Search

Connect With Us!

  • Email
  • LinkedIn
  • Phone
  • RSS
  • Twitter

Article Calander

January 2023
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
293031 
« Dec    

Trending Content

  • Introduction To Employee Handbook Policy
  • Employee Locker Policy
  • Employee Discipline Policy
  • Attendance Policy
  • Employment At-Will Policy
  • Sample Employee Handbook Disclaimer
  • Confidential Information, Non-Disclosure Provision
  • Workplace Privacy and Confidentiality
  • Teamwork Policy
  • Birthday Pay Policy

Footer

Social Profiles

RSSTwitterFacebookLinkedin

Tags

ABC News (58) Axios (26) Benefits Pro (31) Bloomberg (334) Business Insider (35) CBS News (71) Chicago Tribune (23) CNBC (180) CNN (100) EEOC (257) Entrepreneur (80) Evil HR Lady (516) Fast Company (126) Forbes (965) Fortune (57) GovExec (24) Harvard Business Review (723) HR Dive (33) Inc. (113) Jackson Lewis (29) Law.com (41) LinkedIn (26) Littler (43) MarketWatch (31) MSN (134) NBC (61) NBC News (35) Newsweek (29) New York City (58) New York Post (49) New York Times (895) NPR (140) Philadelphia (25) Politico (38) Reuters (132) Richmond Times Dispatch (29) Seattle Times (27) SHRM (91) The Guardian (58) TIME (27) USA Today (81) US News (74) Wall Street Journal (364) Washington Post (181) Yahoo! News (106)

Navigation

  • Federal Articles
  • State Articles
  • HR News
  • Trending
  • Human Resources
    • HR Guidebook
    • HR Policy Samples
    • Employment Contracts
  • Discussion Forums
  • About Us
Log In

Privacy Policy, Disclaimers & Copyright
elinfonet.com, LLC • P.O. Box 45, Chinchilla, PA 18410 • 570-301-6277 • info@elinfonet.com