Jul 20, 2016 11:23:38 AM
The IRS, Department of Labor (DOL) and Pension Benefit Guaranty Corporation (PBGC) have decided that Form 5500 requires a major update. The proposed revisions will be published July 21, followed by a 75-day comment period. The revised Form 5500 is targeted for rollout with the 2019 filing year. According to a DOL press release, proposed revisions are intended to:
Jul 20, 2016 11:00:59 AM
Some people believe in making future account balance projections. Others see them as the proverbial subway ‘third rail” of ESOP communications; something to never be touched (i.e. stay away unless you want the equivalent of fiduciary electrocution). A recent encounter with a successful ESOP company illustrated the dilemma of sharing ESOP account projections.
Topics: ESOP Communications
Apr 22, 2016 9:41:52 AM
A new study highlighting the benefits of ESOP companies to their employees has been issued by Jared Bernstein, former Chief Economist and Economic Adviser to Vice President Joseph Biden. Bernstein demonstrates that ESOP companies:
Apr 8, 2016 10:20:41 AM
Mar 30, 2016 2:03:06 PM
We strolled past a brick wall, turned a sharp corner and the glowing, green eyes from twenty-feet away stared at me. Atop a four-foot high stack of rolled paper, the calico licked a paw as nearby machines clanged, sliced, whirled and banged a cacophony of capitalism. The successful manufacturing company, BSC Ventures, had just transitioned to 100% employee ownership, but, in more than a quarter century of plant tours, this was my first encounter with a feline employee owner.
Mar 30, 2016 12:45:35 PM
There is good news for Employers that sponsor 401(k) plans using a special employer contribution (“safe harbor contribution”) designed to avoid non-discrimination testing!
Mar 9, 2016 2:00:00 PM
Next week is the 2016 Mid Atlantic Chapter Spring Conference in Williamsburg, VA, and there is still time to register here. Blue Ridge is pleased to be a sponsor for this conference. Stop by our table and let Tom Roback share with you the additional services we offer to help manage your ESOP & 401k the smart way. You will also have the opportunity to hear the following professionals at this conference.
Mar 9, 2016 2:00:00 PM
Next week is the Ohio/Kentucky Annual Spring Conference in Powell, OH, and there is still time to register here. Blue Ridge is pleased to be a sponsor for this conference. Stop by our table and let Tom Roback share with you the additional services we offer to help manage your ESOP & 401k the smart way. You will also have the opportunity to hear one of our professionals at the following session before lunch.
Mar 4, 2016 2:52:53 PM
Mar 4, 2016 12:36:00 PM
Next week is the Indiana ESOP Annual Conference in Carmel, IN, and there is still time to register here. Blue Ridge is pleased to be a sponsor for this conference. Stop by our table and let Chad Guzinski share with you the additional services we offer to help manage your ESOP & 401k the smart way. You will also have the opportunity to hear one of our professionals at the following session after lunch.
