Feb 12, 2021 9:08:21 AM
This important article, "Multiemployer Plan Bailout Caps Benefit Plan Limits" from the NAPA (National Association of Plan Advisors) news-wire, provides an overview of the Butch Lewis Emergency Pension Plan Relief Act of 2021 and how this legislation aims to cap plan limits for regular plans in order to pay for a multiemployer plan bailout.
Jan 20, 2021 3:02:05 PM
From The ESOP Association:
The ESOP Association (TEA) is encouraged by news reports that President-elect Joseph Biden will nominate Isabel Guzman to lead the Small Business Administration (SBA).Jan 8, 2021 12:01:03 PM
From The ESOP Association: "The ESOP Association is encouraged by today's news reports that Boston Mayor Marty Walsh will be nominated as the new Secretary of Labor. Mayor Walsh visited ESOP Association member Harpoon Brewery—including attending their share price meeting—and the city of Boston actively encouraged the formation of new employee owned companies during his tenure."
Nov 24, 2020 4:24:00 PM
Every six years, all IRS pre-approved plans must be restated to a new plan document to retain the plan’s tax-qualified status.
Nov 24, 2020 2:35:00 PM
Segregation, also referred to as “reshuffling” or “conversion,” is defined by the IRS as “the mandatory transfer of employer securities into or out of plan accounts, not designed to result in an equal proportion of employer securities in each account.” Segregation is often used in ESOPs to convert the accounts of terminated participants out of stock and into cash until such participants are paid a full distribution of their vested plan balances.
Nov 24, 2020 2:14:00 PM
New Plan Limits for 2020
Topics: IRS, Plan Limits
Oct 30, 2020 9:10:53 AM
Research continues to show the benefit of employee-owned company, and we are pleased to share this article written by Non Profit Quarterly which highlights multiple research studies that show the impact ESOPs have on job stability - https://nonprofitquarterly.org/employee-ownership-shows-its-dramatic-impact-on-job-stability-again/
Sep 17, 2020 12:41:00 PM
Blue Ridge is proud to be a supporting sponsor for the Northeast Regional Virtual Meeting on September 29-30, 2020 hosted by The ESOP Association for all states included in the Pennsylvania/Delaware, New York/New Jersey, and New England Chapters. This is a great opportunity for your employee-owned company to "send" multiple owners at an affordable price, as content will be geared towards "middle managers, employee owners and members of company ESOP committees".
Topics: Conferences
