May 9, 2017 - News

Evercore Agrees to Sell Its Institutional Trust and Independent Fiduciary Business to Newport Group

Evercore (NYSE:EVR) and Newport Group, Inc. (“Newport Group”) announced today that they have entered into an agreement by which Evercore w... More

February 6, 2017 - News

DC Dimensions Article: Company Stock in 401(k)’s

Justin Wiser was featured in an article in Dimensional Fund Advisor’s Winter 2017 publication.  The piece concerned the potential benefits ... More

December 28, 2016 - White Papers

QPAM and IHAM Audits

Mayer Bick authored a white paper discussing the role of an independent auditor for both the QPAM and INHAM audits.  Please see the attached whit... More

August 31, 2016 - News

Evercore Trust Company Chicago Event

A highlight of the Summer was an August evening we spent in Chicago with our ERISA colleagues and clients discussing recent ERISA developments. Alan L... More

August 31, 2016 - News

ABA Section of Taxation’s Joint Fall CLE Meeting

David Cohen will be presenting on three panels during the ABA Section of Taxation’s Joint Fall CLE Meeting in Boston in September 2016. In addit... More

July 1, 2016 - News

Evercore Trust served as Independent Fiduciary in sale of GE Asset Management to State Street, which closed July 1st

GE announced that it completed the sale of GE Asset Management (GEAM) to State Street Corporation.  With $110 billion in assets under management ... More

June 30, 2016 - White Papers

ERISA Section 408(g) – Investment Advice and Fiduciary Audits

Mayer Bick authored a white paper which discusses the role of an independent fiduciary as an investment advisor and fiduciary auditor under ERISA... More

May 12, 2016 - Speaking Engagements

PSCA’s 69th Annual National Conference

John Matelis participated in a panel discussion entitled “Company Stock Climate Change – Best Practices in a Post-Dudenhoeffer World&rdquo... More

May 6, 2016 - White Papers

Alternatives in Defined Contribution Plans

Mayer Bick authored a white paper discussing the incorporation of alternative investments into defined contribution plans. Please see the attache... More

March 30, 2016 - News

GE and State Street Corporation Announce Agreement for State Street to Acquire GE Asset Management

GE [NYSE: GE] and State Street Corporation [NYSE: STT] announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s inves... More

March 21, 2016 - News

Lori Bostrom Joins Evercore Trust as Managing Director

NEW YORK, March 21, 2016 – Evercore Trust Company, a subsidiary of Evercore(NYSE: EVR), announced today that Lori E. Bostrom has joined the busi... More

February 24, 2016 - News

Chemtura Corporation Signs Agreement to Purchase Pension Group Annuity Contract

Chemtura Corporation (NYSE:CHMT) (EURONEXT:CHMT) announced that it has entered into a purchase agreement with Voya Retirement Insurance and Annuity Co... More

December 9, 2015 - White Papers

Company Stock Fund FAQs

Evercore Trust has compiled the most common questions that plan sponsors and plan committees ask when considering appointing an independent fiduciary ... More

November 9, 2015 - News

Credit Suisse Receives QPAM Exemption from DOL

On October 2, 2015, the U.S. Department of Labor granted individual prohibited transaction exemption 2015-14 (“PTE 2015-14”) to investment... More

October 15, 2015 - Speaking Engagements

David Cohen Presents on Company Stock Funds

David Cohen, Managing Director, participated in a webinar entitled “New Landscape for Oversight of Company Stock Funds” on October 15, 201... More

August 28, 2015 - News

The New York Times Cites Karen Francois on Special Purpose Trusts

Families can provide for troubled children through special purpose trusts, Karen Francois told the New York Times. Ms. Francois is the Chief Personal ... More

August 4, 2015 - Speaking Engagements

PLI Conference: ERISA 2015 – The Evolving World

William E. Ryan III, Managing Director and Chief Fiduciary Officer, co-chaired the August 2015 PLI Conference “ERISA 2015 – The Evolving W... More

February 18, 2015 - News

DTE Energy Funds VEBA with $116.9 Million in Common Stock

In an SEC filing on February 18, 2015, DTE Energy Company (NYSE: DTE) reported a contribution of over 1.4 million shares of common stock to the DTE En... More

January 15, 2015 - News

Alan Lebowitz and Bill Ryan Testify Before the Employee Benefits Security Administration, Department of Labor

Alan D. Lebowitz, Senior Advisor of Evercore Trust Company, and Bill Ryan, Chief Fiduciary Officer, testified before the Employee Benefits Security Ad... More

October 24, 2014 - News

ERISA 40th Anniversary Symposium

The Department of Labor held a conference in celebration of the 40th anniversary of ERISA. You can watch video highlights from the symposium on the De... More

September 22, 2014 - White Papers

Company Stock “Sunsets” White Paper

Mayer Bick authored a white paper which discusses the role of an independent fiduciary in the elimination or “sunset” of a company st... More

September 8, 2014 - News

Magnetek, Inc. Announces Stock Contribution to Pension Plan

Magnetek, Inc. announced that it made a voluntary excess contribution of 250,000 shares of Magnetek common stock to its defined benefit pension plan.&... More

August 29, 2014 - White Papers

Rabbi Trusts White Paper

Otis Sinnott and Richard Murray authored a white paper covering rabbi trusts and highlighting important considerations in selecting an institutional t... More

June 25, 2014 - News

Supreme Court Decision in Fifth Third Bancorp v. Dudenhoeffer

On Wednesday, June 25, 2014, the Supreme Court issued its decision in Fifth Third Bancorp v. Dudenhoeffer, concerning the responsibilities of ESO... More

April 1, 2014 - Speaking Engagements

PLI Pension Plan Investments 2014 – Current Perspectives Program

Ciara Burnham and David Cohen presented in a panel discussion at the Practicing Law Institute’s Pension Plan Investments 2014 Current Perspectiv... More

March 24, 2014 - White Papers

Orphan Plans White Paper

Mayer Bick authored a white paper which provides a background on orphan plans and the current role that an independent fiduciary can play in these com... More

March 17, 2014 - News

Alan Lebowitz Joins Evercore Trust Company as Senior Advisor

NEW YORK, March 17, 2014 – Evercore Trust Company, N.A. announced today that Alan Lebowitz has joined the firm as a Senior Advisor based in... More

January 17, 2014 - Speaking Engagements

Pension Annuitization: Why a Plan Sponsor Should Consider an Independent Fiduciary

Bill Ryan, Chief Fiduciary Officer of Evercore Trust, discusses with Pensions & Investments, why a plan sponsor should consider an independent fid... More

January 14, 2014 - Speaking Engagements

The Committee on Investment of Employee Benefit Assets

Bill Ryan and John Matelis participated in a panel discussion on non-cash contributions at the January working group meeting of the Committee on Inves... More

December 13, 2013 - News

Supreme Court Grants Certiorari in Fifth Third Bancorp v. Dudenhoeffer, 692 F.3d 410 (6th Cir. 2012) (“Dudenhoeffer”)

On Friday December 13, 2013, the Supreme Court (“Court”) granted certiorari in the Dudenhoeffer case to consider “whether the Sixth ... More

November 22, 2013 - News

The Solicitor General’s Brief to the Supreme Court in Dudenhoeffer v. Fifth Third Bancorp – Potential Impact on ERISA Stock Drop Cases

Attached is an update prepared by the Evercore Trust legal team (Gloria Pollack, David Cohen, Val Garcia-Tufo and Bill Ryan) on the status of the Dude... More

October 4, 2013 - Speaking Engagements

Pension and Investment’s Pension Settlement Strategies Conference

Bill Ryan and Norman Goldberg will be featured speakers at Pension and Investment’s Pension Settlement Strategies Conference addressing de-riski... More

August 11, 2013 - Speaking Engagements

“ERISA Litigation and Regulatory Initiatives Review”

David Cohen moderated a panel at the ABA Annual Meeting in San Francisco, entitled “ERISA Litigation and Regulatory Initiatives Review.”

August 8, 2013 - News

“The Independent Fiduciary: A Brief History and Recent Developments” Tax Management Compensation Planning Journal, August 2013

David Cohen, Norman Goldberg and Bill Ryan co-authored an article charting both the historical and current roles that an independent fiduciary can pla... More

August 5, 2013 - Speaking Engagements

PLI “The Evolving World of ERISA 2013 – Employer Securities in Qualified Plans”

Bill Ryan spoke at this conference on employer stock issues in ERISA-covered plans.  A PDF of both the PowerPoint used, as well as a longer outli... More

July 9, 2013 - News

Department of Labor Issues Proposed Prohibited Transaction Exemption in Connection with Sears Subscription Rights Offering

On July 8, 2013, the Department of Labor issued a proposed retroactive prohibited transaction exemption to Sears Holdings Corporation in connection wi... More

April 18, 2013 - News

Evercore Trust Company Expands Executive Team

NEW YORK, April 18, 2013 – Evercore Trust Company, N.A. (“ETC”), a subsidiary of Evercore Partners Inc. (NYSE: EVR), and a lead... More

March 4, 2013 - Speaking Engagements

2013 ASPPA 401(k) Summit

David Cohen participated in a panel at the ASPPA 401(k) Summit in Las Vegas discussing lessons learned from ERISA excessive fee litigation.

October 1, 2012 - News

In-kind Contributions to Defined Benefit Plans

David Cohen co-authored an article entitled “In-Kind Contributions to Defined Benefit Plans — An Introduction.” The article was publ... More

September 22, 2012 - Speaking Engagements

Fiduciary Outsourcing for Defined Contribution Plans — Background and an Evaluation Framework for Plan Sponsors

Norman P. Goldberg presented on a panel at the PSCA 63rd Annual National Profit Sharing/401(k) Conference and Exhibition.

September 1, 2012 - News

“Evaluating Participant Disclosure Requirements for Employer Securities Under ERISA Section 404(c) and the Participant Disclosure Regulation”

David Cohen co-wrote an article, “Evaluating Participant Disclosure Requirements for Employer Securities Under ERISA Section 404(c) and the Part... More

August 16, 2012 - News

Department of Labor Grants Prohibited Transaction Exemptions to Weyerhaeuser

On June 1, 2012, the Department of Labor granted prohibited transaction exemptions 2012-12 (Fed. Reg. Vol. 77, No. 106) to Weyerhaeuser Company in con... More

June 26, 2012 - News

Evercore Trust to Manage $20 Million in Contributed USG Corporation Common Stock

USG Corporation (NYSE: USG) reported in a June 26, 2012 SEC filing a contribution of over 1.2 million shares of common stock to the company’s pe... More

June 19, 2012 - News

DTE Energy Funds Pension Plan with $78.4 Million in Common Stock

In an SEC filing on June 19, 2012, DTE Energy Company (NYSE:DTE) reported a contribution of over 1.3 million shares of common stock to the DTE Energy ... More

May 2, 2012 - News

The New World of Participant Disclosure

David Cohen co-wrote an article, “ERISA Section 404(c) in the New World of Participant Disclosure”, appearing in the Winter 2012 issue of ... More

April 2, 2012 - News

Permanent prohibited transaction exemption for BlackRock granted by DOL

On April 2, 2012, the United States Department of Labor (DOL) granted Prohibited Transaction Exemption (PTE) 2012-09 enabling BlackRock to conduct a w... More

March 21, 2012 - Speaking Engagements

Retirement Plan Enforcement

David Cohen participated in a webinar sponsored by ALI-ABA, entitled “Retirement Plan Enforcement Efforts.”

March 15, 2012 - News

Xerox Funds Pension Plan with $130 Million in New Stock Issues

In a March 15, 2012 filing with the SEC, Xerox Corporation (NYSE: XRX) reported a contribution to its pension plan of approximately 15.4 million share... More

March 6, 2012 - News

The Brinks Company Funds Pension Plan with 361,446 shares of Brinks Common Stock

In a March 6, 2012 SEC filing, the Brinks Company (NYSE:BCO) reported that in consideration for a credit against the Company’s pension funding o... More

February 17, 2012 - Speaking Engagements

Developments in Fiduciary Regulation, Litigation and Legislation

David Cohen participated in panel discussions at the American Bar Association’s Section of Taxation Midyear Meeting in San Diego, CA, addressing... More

January 10, 2012 - News

Visteon Takes Steps to Improve U.S. Pension Plans Funding

Visteon Corporation (NYSE: VC) announced that it had taken significant steps to improve funding of its U.S. defined benefit pension plans. The company... More

October 21, 2011 - Speaking Engagements

Fiduciary Regulatory Developments

David Cohen participated in a panel on updates in fiduciary regulatory developments at the American Bar Association’s 2011 Fall Joint CLE Meetin... More

September 27, 2011 - Speaking Engagements

DOL Disclosure Rules

David Cohen participated in a panel at the Fall Fly-In, Fiduciary Duties – Looking Ahead conference hosted by the Southern Employee Benefits Con... More

September 22, 2011 - Speaking Engagements

A Roundtable Discussion of Emerging Employee Benefits Issues

Gloria Pollack participated in the Employee Benefits Roundtable hosted by Seyfarth Shaw.

September 21, 2011 - Speaking Engagements

The Care and Nurturing of Company Stock in your 401(k) Plan in these Troubling Times

Chuck Wert participated in a workshop at PSCA’s 64th Annual National Conference held in Las Vegas, Nevada.

August 15, 2011 - News

DOL grants wide-ranging exemption to BlackRock; Evercore Trust retained as Independent Monitor

The U.S. Department of Labor granted an individual prohibited transaction exemption permitting BlackRock to conduct a variety of covered transactions.... More

July 28, 2011 - Speaking Engagements

Litigation Settlements

Gloria Pollack and David Cohen participated in a panel discussion at The ERISA Roundtable.

July 28, 2011 - News

Winston-Salem Journal reports North Carolina Baptist Hospital settled lawsuit over employee benefit

The Winston-Salem Journal reported that North Carolina Baptist Hospital agreed to pay nearly $5.4 million to settle a federal lawsuit involving health... More

July 26, 2011 - Speaking Engagements

The Effects of the New Fiduciary Rules

Chuck Wert participated in a panel discussion at the Western Benefits Conference.

July 14, 2011 - Speaking Engagements

IRS & DOL Enforcement: What You Need to Know

David Cohen participated in a panel discussion hosted by the Dallas-Fort Worth ASPPA Benefits Council.

May 26, 2011 - Speaking Engagements

Employer Securities in Qualified Plans

Norman Goldberg conducted a session at The Evolving World of ERISA – An Introduction conference sponsored by the Practising Law Institute.

January 21, 2011 - News

Alcoa Announces Dividend and Stock Contribution to Pension Plans

Alcoa announced its second contribution of $600 million in company stock to its defined benefit pension plans. Evercore Trust Company serves as the in... More

January 13, 2011 - Speaking Engagements

Fiduciary Fallout: Educating Clients on Fiduciary Duties and Protecting Yourself

Chuck Wert participated in a panel discussion at the Los Angeles Benefits Conference.

November 15, 2010 - News

Norman P. Goldberg Comments on Proposed Fiduciary Definition in Pensions & Investments

Norman P. Goldberg, the Chief Fiduciary Officer at Evercore Trust Company, was quoted in Pensions & Investments about the potential impact to appr... More

September 2, 2010 - News

Furniture Brands International Contributes Stock to Pension Plan

Furniture Brands engaged Evercore Trust Company in connection with a follow on contribution of 4.1 million shares of its common stock to the company&r... More

April 13, 2010 - Speaking Engagements

Employer Stock as an Investment

Evercore Trust Company had senior management participation in a panel discussion at the Pension Plan Investments 2010 conference sponsored by the Prac... More

November 20, 2009 - Speaking Engagements

Non-Cash Pension Contributions

Norman P. Goldberg was invited to speak on a panel at the Annual Meeting of the Committee on the Investment of Employee Benefit Assets (CIEBA).

November 10, 2009 - News

Pensions & Investments Announces Boeing’s Stock Contribution and Hiring of Evercore Trust Company

Pensions & Investments announced that Boeing Co. contributed $1.5 billion in company stock to its defined benefit pension plans and hired Evercore... More

November 9, 2009 - News

Plan Sponsor Announced Evercore Trust Company Will Monitor 401(k) Plans During Caterpillar’s Fee Settlement

Plan Sponsor announced that Evercore Trust Company will be the independent monitor for Caterpillar’s 401(k) employee and retirement plans during... More

November 2, 2009 - News

Pensions & Investments Quotes Norman P. Goldberg about Recent Stock Contributions into Pension Plans

Pensions & Investments reported that companies were contributing billions in cash and stock into pension plans, aiming to boost funding levels. Th... More