EBSA Issues New Enforcement Guidance with Significant Implications for ESOPs

On April 14, 2026, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) released Field Assistance Bulletin No. 2026-01, outlining new enforcement priorities and guiding principles under ERISA. While the Bulletin applies broadly to employee benefit plans, several aspects are particularly significant for employee stock ownership plans (ESOPs) and for fiduciaries, trustees, valuation firms, and plan sponsors involved in ESOP transactions.... By: Krieg DeVault