Failure to pass through vote on corporate transaction

[Guest justbetmd]

EPCRS does not appear to provide for a correction method - thoughts?

[PensionPro]

Q1) Is there an operational failure here, i.e. failure to follow plan provisions?

Q2) If yes, is it significant or insignificant?

[A Shot in the Dark]

Would you be willing to share what transactoin ocurred that required a pass through vote that did not happen?

Many individuals, plan participants and professionals are often suprised at the level of corporate actions and transactions that do not require pass through voting in the ESOP environment.

Example:

Most corporate asset sale(s) requires pass through voting.

Most corporate stock sale(s) do not require pass thorugh voting.

Needless to say, there is a lot of quirkiness in corporate governance and ESOP environments