If you are attending next month's Midwest Regional ESOP Conference in Milwaukee, WI, you have the opportunity to hear two of our Blue Ridge professionals speak.
Friday, September 9 - 8:00-9:00 a.m.
Pam Themar will be co-presenting this session that will be a discussion of the key requirements involved in ESOP administration. It will include walking through the administration cycle each year (including due dates, the parties involved and their responsibilities, and other important things to pay attention to) - and why is this important. We will also discuss all the various due dates throughout the year.
TECHNICAL: A Guide to Review the Accuracy of Your ESOP Plan Administration
Friday, September 9 - 9:15-10:15 a.m.
Scott Freund will be co-presenting this session. If you are part of your ESOP's administrative committee or you are the administrator of trustee of your plan, one of your fiduciary responsibilities is to ensure your plan is being administered accurately. This session will teach you how to perform calculations to verify that contributions, forfeitures, and income have been properly allocated to participant accounts. You will learn how to calculate vesting percentages to ensure that participant distributions have been properly paid out. Plan eligibility and eligible wages will also be addressed. For leveraged ESOPs, share release and share allocation will be discussed.
