Blue Ridge ESOP Associates Industry News

Heart of America's 18th Annual Fall ESOP Conference

Posted by Blue Ridge ESOP Associates

Aug 16, 2017 12:39:47 PM

The Heart of America's 18th Annual Fall ESOP Conference is coming up next week! There is still time today to register with the early bird discount here. At this conference, you will have the opportunity to hear Anthony Brunsvold present at one of the sessions about The "4 R's" ~ Reshuffling, Redeeming, Rebalancing & Releveraging. In this advanced session, experienced practitioners will explain the mechanics and consequences of the "4 R's".
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Topics: Distributions, Dividend Rules, Diversification, Conferences

OH/KY ESOP Chapter Thoroughbred Conference

Posted by Blue Ridge ESOP Associates

Jul 25, 2017 4:24:42 PM

The Ohio/Kentucky Thoroughbred ESOP Conference is coming up in August. There is still time to register with the early bird discount here. At this conference, you will have the opportunity to hear Renee Stadtmueller present at the following session about The Three D's of ESOPs: Distributions, Diversification, and Dividends. This session will address the: 1) timing and form of ESOP Distributions; 2) statutory Diversification rules; and, 3) special treatment of Dividends in ESOPs from a legal and administrative perspective. The three "D"s of ESOPS pertain to all ESOP companies and attendees will gain insight and a better understanding of this aspect of their plan's administration.
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Topics: Distributions, Dividend Rules, Diversification, Conferences

The NCEO Fall ESOP Forum

Posted by Blue Ridge ESOP Associates

Jul 14, 2017 2:52:47 PM

 

Find the information, ideas, and advice you need to make better ESOP decisions at The Fall ESOP Forum in Tampa, FL, this October 3-4, 2017. Both experienced attendees and newcomers will leave the Fall ESOP Forum better informed and better prepared to evaluate and implement the next steps for their companies. 

Blue Ridge ESOP Associates is proud to be sponsoring this conference with Renee Stadtmueller presenting in the following session.

“ESOP Distribution and Diversification Practices”

Distribution rules have more flexibility than many people think, and finding the right approach can help you make your plan more sustainable

Tuesday, October 3 - 9:30-10:15 a.m.

Renee Stadtmueller, CPA, QPA

Renee is a Director at Blue Ridge ESOP Associates. She has more than 19 years of experience providing administration and consulting advice to ESOP clients. She is a CPA and holds the QPA designation from ASPPA. She works closely with plan sponsors, accountants, advisors and legal counsel to provide guidance on plan design, compliance and operation. She is a member of the NCEO, The ESOP Association, and ASPPA. She has served as a chairperson for ASPPA's Education and Examination ESOP Certificate Subcommittee and as the vice president of programming for the Wisconsin Chapter of The ESOP Association. Renee received her bachelor of business administration in accounting and finance from the University of Wisconsin-Oshkosh.

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Topics: Distributions, Diversification, Conferences

Review Your Plan’s Language Regarding Diversification

Posted by Anthony Brunsvold

Feb 10, 2017 3:21:38 PM

For ESOPs whose stock isn’t publicly traded, the timing rules for diversification have historically been difficult to meet.   The law says the plan has to issue notices to participants who are eligible for a diversification within 90 days after the close of the plan year.  For those electing a diversification, the plan has until 180 days from the close of the prior plan year to make the payment.  Many ESOPs are not able to get the stock appraisal and annual work done in the 90 or 180 days to comply with the law.  The industry best practice has always been to issue a preliminary notice within the 90 day window informing a diversification eligible participant of their right to diversify.  After the annual work was done, plans would then issue the actual diversification notice and make the payments as soon as feasible thereafter.

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Topics: IRS, Diversification