EBSA Ends the “War on ESOPs”
On January 15, 2026, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) quietly did something the ESOP community has been asking for—loudly—for years. It changed course. In a major overhaul of its national enforcement projects for fiscal year 2026, EBSA removed Employee Stock Ownership Plans (ESOPs) from its list of national enforcement priorities.…