How Plan Design Affects Repurchase Liability
When an ESOP is implemented, it is common for the distribution provisions in the plan document to follow the ESOP specific distribution rules …
How to Handle Rehired Employees
When a Plan participant who had previously terminated employment is rehired, questions inevitably arise. When is an employee eligible to actively participate again? …
ESOP Diversification: What Is It and What Is Required?
Section 401(a)(28)(B) of the Internal Revenue Code creates a requirement for ESOPs holding employer securities to allow for the diversification of a participant’s stock account once they become a Qualified Participant.
What Do You Mean By “Year”?
When someone says “Happy New Year” or “have a good year,” most of us do not stop to think what that means. We …
Boomers Opt for ESOPs as a Succession Planning Tool
Monaco Jr., in his mid-60s, knew he had several good choices to cash out of his investment in Unicast. He decided to sell …