Next week we will have a booth at the Las Vegas ESOP Conference and Trade Show. Stop by booth 102 and visit with our professionals who will show you how Blue Ridge ESOP Associates is able to take your ESOP to the next level with the latest enhancements in ESOPConnection and the ability for us to handle Repurchase Obligation Studies. Don't miss our professionals co-presenting at the following sessions:
ESOP Distributions: Part 1Thursday, November 10 - 2:50-3:40 p.m.
Scott J. Freund, Blue Ridge ESOP Associates - This session will cover the rules governing ESOP benefit distributions including who is entitled to a distribution, the form (cash or stock), the method (lump sum or installments), and the timing options and requirements for benefit payments. We will also discuss the factors to consider when drafting your benefit distribution policy as well as how and when that policy can be changed.
How Plan Design Affects Allocation
Thursday, November 10 - 2:50-3:40 p.m.
Kevin T. Rusch, Blue Ridge ESOP Associates - This session will cover the mechanics of allocating contributions and expenses to participant accounts with a focus on how plan design decisions affect these allocations. Are plan expenses allocated based on total account balances or only on cash account balances? What happens when terminated participant accounts are converted out of employer stock and active participants are invested only in employer stock? How are S distributions allocated? How are earnings allocated? And, what is the order for all of the allocations?
ESOP Distributions: Part 2
Thursday, November 10 - 4:00-4:50 p.m.
Dolores Lawrence, Blue Ridge ESOP Associates (Moderator) - This practical session will cover the entire process of paying out distributions, including the required content of distribution forms; the timing of notification, consent and payout; tax rules, including submission of withholding to the IRS; and preparation of required forms for reporting the distribution. The session will include stock distributions, installment payments, and special situations, including floor price policies, and plan terminations.
