Blue Ridge ESOP Associates Industry News

2017 Southwest ESOP Conference

Posted by Blue Ridge ESOP Associates

Sep 18, 2017 10:00:00 AM

The Southwest Chapter 2017 Fall Conference will be September 29, 2017. Due to Hurricane Harvey, the location has been moved to the Omni Fort Worth Hotel, and you can register here At this conference you will have the opportunity to hear Kevin Rusch speak about "Mature ESOP Issues: Rebalance, Reshuffle, Recyle and Redemption" which will focus on the 4 "R's", reviewing definitions as well as practical application and numerical examples of how the provisions work as well as impact on repurchase obligation.
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Topics: Repurchase Obligation, ESOP Administration, Conferences

2017 Northwest ESOP Fall Conference

Posted by Blue Ridge ESOP Associates

Sep 15, 2017 2:00:00 PM

The Northwest Chapter 2017 Fall Conference will be September 28-29, 2017 in Portland, OR. At this conference, stop by our table to visit with our business development representative, Marie Sherlock. On Friday morning, you will have the opportunity to attend a roundtable discussion led by Randy Shrake.
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Topics: ESOP Administration, Conferences

2017 Multi-State ESOP Conference

Posted by Blue Ridge ESOP Associates

Sep 6, 2017 4:41:03 PM

The 2017 Multi-State Conference - PA/DE and NY/NJ Chapters will be September 13-15, 2017. Due to high demand, you must act quickly as registration will close this Friday, September 8. At this conference, stop by our table to visit with our professionals. You will have the opportunity to hear Jon Williams speak Thursday morning about "Basic ESOP Distribution Rules" which will provide attendees a refresher course in the options and requirements for making distribution payments. You will also have the opportunity to hear Renee Stadtmueller speak Thursday afternoon regarding "How a Repurchase Obligation Study Can Help You Optimize your ESOP" which will discuss how you can use the repurchase study tool to help you make educated decisions as you develop your strategy for managing the ESOP.
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Topics: ESOP Administration, Distributions, Conferences

2017 Midwest ESOP Conference

Posted by Blue Ridge ESOP Associates

Aug 16, 2017 4:21:51 PM

The 2017 Midwest ESOP Conference will be September 7-8, 2017. Due to high demand, you must act quickly as registration will close this Friday, August 18. At this conference, stop by our booth to visit with our professionals. You will also have the opportunity to hear  Pam Themar speak at the session ESOP Essentials: Basic ESOP Administration which will cover the basic overview of plan administration; covering eligibility, allocation activity, vesting requirements, compliance testing, distributions and reporting requirements.
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Topics: ESOP Administration, Distributions, Conferences

Tom Roback Radio Interview about ESOPs

Posted by Blue Ridge ESOP Associates

Jul 27, 2017 5:19:17 PM

What is an ESOP? Know a company owner looking for an exit strategy as they face retirement age? What kind of business is right for an ESOP? How does an employee benefit from an ESOP? These questions and many others are answered in Tom Roback's interview which is now available to listen to online

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Topics: ESOP Administration

Business Radio Show Featuring Tom Roback's

Posted by Blue Ridge ESOP Associates

Jun 30, 2017 2:15:22 PM

After the parade and before the fireworks tune in to CBS Radio 1300 AM from 6:00-7:00 pm on July 4th and listen to Tom Roback's interview about ESOPs.

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Topics: ESOP Administration

Resolve to be SMART and Make More of Employee Ownership

Posted by Blue Ridge ESOP Associates

Jan 21, 2016 12:23:20 PM

January brings another batch of resolutions. Most, alas, will be long forgotten by the end of first quarter. Because you want to make more of your investment in ESOP ownership and engage your employees as owners, why not resolve to use the SMART process to achieve your ownership-development goals in 2016?

SMART, as you may know, stands for Specific, Measurable, Attainable, Relevant and Time-bound. Here’s how you can be SMARTer and make more of employee ownership this year.

S= Specific. What do you want to accomplish with your ESOP? What level of understanding and engagement do you want from employees? What attitudes, behaviors and actions would you like employee-owners to display in their daily jobs? Write down specifics that you want to see happen.

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Topics: ESOP Administration, Employee-Ownership, Ownership Culture

How to be Creative with Compensation Used to Allocate Contributions

Posted by Anthony Brunsvold

Aug 4, 2015 3:17:16 PM

If you are wondering if your plan can be creative with compensation used to allocate employer contributions, then you need to be aware of the ramifications of such changes.

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Topics: ESOP & 401(k) Plans, ESOP Administration

Refresh Your Annual Statement Routine

Posted by Blue Ridge ESOP Associates

Apr 2, 2015 11:44:00 AM

Is it time to hit the “refresh button” when it comes to distributing ESOP statements? If you or your company’s ESOP Committee are looking for new ways to successfully communicate the value of your ESOP benefit and strengthen your ownership culture, one of the engaging, customized sessions described below will meet your needs.  
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Topics: ESOP Administration

ESOP Timelines

Posted by Scott Rademacher

Apr 2, 2015 11:10:18 AM

Keeping your ESOP timeline current

“Deadlines spur action” is a common refrain of Andrew Brandt’s, one of my favorite Twitter commentators. Andrew is a former front office executive with the Green Bay Packers and current Professor at the Wharton School of Business. He uses this statement frequently when commenting on NFL players and teams that complete deals or contract negotiations at or near deadlines on the NFL schedule. This statement applies in many areas of life including what we will discuss in this article: ESOP plan administration timelines.

ESOP timelines can be an effective tool if certain conditions are met. The objective is to make them manageable and a mechanism that increases efficiency and awareness for all of the parties involved in the process.

Here are three thoughts to keep in mind so that an ESOP timeline is not just another task you complete and forget about but instead becomes an invaluable roadmap to successful ESOP plan administration.

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Topics: ESOP Administration