Skip to Content

Maran settlement may make ESOPs more expensive

October 27, 2017 Article 5 min read
Authors:
Michael Krucker
The Maran settlement adds to the rules ESOPs must follow, especially around control, and the fines levied serve as a cautionary tale: Don't set up an ESOP without proper oversight and attention to detail. Read more at Benefits Pro.

Two women discussing the Maran Settlement and ESOPs at a laptop

Using an employee stock ownership plan (ESOP) as a vehicle for a company owner to sell to family members or their management team has been made more expensive — and may become a lot less popular — after the settlement of a lawsuit between the U.S. Department of Labor (DOL) and First Bankers Trust Services Inc.

Related Thinking

Three business professionals in a hallway discussing whether they should work with an employee benefits broker or employee benefits advisor.
March 11, 2024

Should you work with an employee benefits broker or an employee benefits advisor?

Article 4 min read
Healthcare staff in hospital working together happily.
March 5, 2024

Leveraging FFY 2025 Medicare Wage Index data to optimize financial performance

Article 5 min read
Two construction professionals shaking hands and discussing exit planning.
January 18, 2024

Succession planning in construction: Money & time drive your exit strategy

Article 4 min read