The ESOP Association

ESOP Association Resources

Jan. 16
U.S. Department of Labor Releases Proposed Regulatory Guidance Regarding ESOP Stock Purchase and Sale Transactions
On Thursday, January 16th, the U.S. Department of Labor (Department) released two proposed regulations containing rules that, if finalized, would govern ESOP stock acquisitions and sales. The first is the long-anticipated proposed regulation interpreting the definition of “adequate consideration,” the standard that exempts ESOP stock purchase and sale transactions from the prohibited transaction rules in the Employee Retirement Income Security Act of 1974 (ERISA).
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Jan. 16
Department of Labor Announces Proposed Adequate Consideration Rule for ESOPs
Notice of Proposed Rulemaking Set to be Published in Federal Register on January 22; When Published, Provides 75 Days for Public Comment and Stakeholder Input
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