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View More National Center for Employee Ownership [NCEO] Webcasts and Conferences

What the DOL v. GreatBanc Trust Co. ESOP Court Settlement Means for ESOPs

National Center for Employee Ownership [NCEO]

Mar. 10, 2015
Recorded Online

9:30 am -10:30 am Pacific

Loren Rodgers, NCEO and Ted Becker, Drinker, Biddle & Reath, LLP

In 2014, the Department of Labor and GreatBanc Trust agreed to a settlement in an ESOP lawsuit that laid out best practices for the bank to follow as an ESOP trustee in selecting, evaluating, and documenting the appraisal process. While binding only on GreatBanc, many experts believe the guidelines are worth following for other ESOP fiduciaries.

What does the GreatBanc settlement require?

  • Do you really need to do everything the settlement requires?
  • Will the settlement change how to select and evaluate appraisers and appraisals?

Continue by clicking on the following link:

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