Blue Ridge ESOP Associates Industry News

Pam Themar

Recent Posts

Partial Plan Termination

Posted by Pam Themar

Jul 30, 2020 8:34:07 AM

The recent COVID-19 pandemic may have unfortunately caused your company to close a division or location or to lay off employees. One possible impact to your ESOP or 401(k) plan due to this reduction in workforce is whether a partial plan termination (PPT) has occurred. A partial plan termination can be triggered by a single significant event or by a series of smaller events.

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Topics: Partial Plan Termination

My employee is getting divorced, now what?

Posted by Pam Themar

Oct 22, 2019 9:35:55 AM

As plan sponsor there may be a time when you are notified that an employee is getting divorced. This article will assist you in what you need to obtain from the employee, your timing requirements and how you determine if the court order documents are qualified.

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Paying Plan Expenses – Best Practices

Posted by Pam Themar

Mar 27, 2019 3:15:55 PM

Establishing and maintaining a qualified retirement plan for employees can be expensive. It is important for plan sponsors to understand all the costs involved, if those costs can be classified as plan expenses that can be paid from plan assets, and how to allocate those expenses.

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Topics: Plan Design, DOL, esop design