Blue Ridge ESOP Associates Industry News

Mass Bay Brewing was a growing company, but when partners came to an impasse about the future of their business, an ESOP was born. Read more about their success as an employee-owned company.

From golf courses to conference rooms, there are multiple upcoming events where you can meet  a Blue Ridge ESOP Associates' professional and learn how to manage your ESOP & 401k the smart way.

Iowa-Nebraska Chapter Celebration Summer Event - June 19, Ankeny, IA - Chad Guzinski & Scott Freund will be in attendance for the morning sessions and hitting the golf course in the afternoon.

NCEO Webinar: Re-Thinking Your ESOP Plan Design and Operations - June 25, 12:30-1:30 EDT - This webinar will be led by Dolores Lawrence. There is no fee to attend. Please contact Jordan Boone, Event Coordinater at jboone@nceo.org or 510-20-1309. Mention this offer from Blue Ridge and the NCEO will provide you with access information. If you are a NCEO member, you may simply access the webinar through the NCEO member's area. The NCEO’s live webinars are approved for Continuing Education credit for SHRM, CPE, and occasionally IRS credit hours. Please click here to see additional details on the NCEO web site.

The U.S. Department of Labor (DOL) requires qualified retirement plans to have an annual audit by an independent qualified public accountant. The findings of the audit should be reported on the plan’s Form 5500. However, your plan may be eligible for the “small plan audit waiver” if it meets the below outlined requirements. 

More Mistakes can be Self-Corrected

Thank you Capital Trustees for hosting Tom Roback on your recent podcast which allowed him to highlight the strengths of Blue Ridge ESOP Associates. Listen to the full podcast today and see how we can help manage your ESOP & 401(k) the Smart Way.

Blue Ridge professionals, Scott Rademacher and Pam Themar will be attending next week's Wisconsin Chapter's 2019 Summer Meeting. Scott will be speaking about the "Five R's - Redeem, Recycle, Re-leverage, Rebalance, Reshuffle" and how the work and how to implement them to manage  your ESOP for long term sustainability.

Marie Sherlock will be attending the Hawaii Chapter - Summer Luncheon next week in Honolulu, HI. If you're in the area, make sure you register by June 3rd.

Thank you Capital Trustees for hosting Tom Roback for your upcoming podcast which features Blue Ridge ESOP Associates. They recorded during the final day of the Annual Conference for The ESOP Association in Washington D.C. Here is a preview!

Maine State Senator Nate Libby (D-Lewiston) introduced L.D. 1520, which would provide state-level tax incentives for businesses that establish employee ownership, defined to include ESOPs and worker cooperatives, as well as consumer cooperatives and affording housing cooperatives. The bill would shelter from Maine's income tax up to $750,000 of gains on a qualifying sale. The bill would also assign Maine's Department of Economic and Community Development responsibility for support and outreach about employee ownership and would exempt interest income earned from financing the sale from state tax for sellers and Maine-based lenders.

Blue Ridge professionals, Tom Roback, Scott Freund and Dolores Lawrence, will be attending The 42nd Annual ESOP Association National Conference next week.