Employee Benefits
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Fiduciary Liabilities: Are You Covered?
With lawsuits piling up against pension plan sponsors, individual fiduciaries would do well to protect themselves against financial risks, experts say.
November 19, 2009
If you are a fiduciary for your employer's retirement savings plan, you already know that life isn't getting any simpler. Lawsuits against plan fiduciaries are on the upswing, and some fiduciaries have been found personally liable for plan losses under ERISA, the Employee Retirement Income Security Act of 1974. Read more...
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Creating Buyers: The ESOP as Exit Strategy
Interest in creating employee stock-ownership plans seems to be ticking up among business owners worried that capital-gains tax rates soon may rise. They may want to sell now while the rates stay at 15%. November 9, 2009
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Stock Gains Don't Rescue Pension Funding
Private-equity firms, meanwhile, may have even better reasons than usual to derisk pension plans sponsored by portfolio companies. October 30, 2009
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Doing What Needs Doing: A CFO as Sales Boss
A software firm's finance and operations chief puts himself on the front lines of customer interaction. His other passion: carefully nurturing the company's ESOP. October 27, 2009
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Retirement Roulette
As corporate finance experts hand off more responsibility for retirement to individual employees, the number of big winners and losers among those employees is growing. October 21, 2009
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Employee-Benefit Cost Pressures Plague CFOs, Survey Finds
Perhaps in response, 33% said their companies were cutting average per-employee health-care costs and 26% said their employers would reduce their matches of their employees' 401(k) contributions. October 19, 2009
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DoL Eyes New Chrysler $5B Health-Benefits Deal
Under the Labor Department's plan, a retiree-benefit trust could hold shares and debt of New Chrysler in order to grease the wheels of the sale of the company to Fiat North America. October 2, 2009
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Michael Vick to Pay Back $400,000 to Pension Plan
Vick allegedly used plan assets to help pay criminal restitution imposed upon him after his conviction for unlawful dog fighting. September 30, 2009
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How One CFO Left Links, Took Helm in Crisis
Michael Mancuso's cost-cutting moves since coming out of retirement to lead finance at Computer Sciences Corp. have included freezing the company's pension fund and ditching executive car perks. September 30, 2009
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DoL: Let GM Fund Benefits with Company Stock
Will the move spur a flood-tide of similar requests from cash-poor, benefit-burdened employers? September 17, 2009
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