Blue Ridge ESOP Associates Industry News

Redeeming vs. Recycling Stock

Posted by Ray Mazurowski, QKA

Mar 31, 2022 4:48:45 PM

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Topics: Distributions, ESOP shares

IRS/DOL 2019 - 4th Quarter Updates

Posted by Dolores P. Lawrence, CPA, QKA

Dec 16, 2019 10:24:15 AM

Final Hardship Regulations

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Topics: ESOP & 401(k) Plans, IRS, DOL, Distributions

Conferences Preview - WI Spring Conference & Carolinas Spring Conference

Posted by Blue Ridge ESOP Associates

Mar 12, 2019 3:25:00 PM

At the Wisconsin ESOP Spring Conference this week, our Blue Ridge professionals, Beth Bauer and Pam Themar, will be speaking together about the "Administrative Top 10 Reasons your TPA gets Called". In this session, a discussion will be led on a list of hot topis that can occur through the life of an ESOP.

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Topics: Plan Design, Distributions

Conferences in Review - IL Spring Conference & Mid-Atlantic Spring Conference

Posted by Blue Ridge ESOP Associates

Mar 11, 2019 2:32:53 PM

At the Illinois ESOP Spring Conference last week, Kevin Rusch presented on a panel that reviewed the roles of "Trustees & TPAs". The panel was able to answer questions from basics like what do they do and why does your company need them to more complex such as share allocations and limiting liability. The purpose of the session was to help companies manage the day-to-day operations of their ESOPs.

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Topics: Plan Design, Distributions

New South Conference - Repurchase Obligation Studies

Posted by Blue Ridge ESOP Associates

Feb 28, 2019 1:09:44 PM

Today, Kevin Rusch presented "Repurchase Obligation Studies: How to Avoid Garbage In/Garbage Out" at the New South spring event today. The key to a successful Repurchase Obligation Study is the assumptions that are used. Assumptions regarding company value, future contributions/dividends rates, employee turnover rates, distribution policy provisions all play a key role in projecting future obligations. In this session, Kevin and co-presenter, Kelley Finnell of Executive Financial Services, discussed the selection of reasonable assumptions and considered how the three distribution methods (Recycling, Redeeming, and Releveraging) can be used to manage a company’s future repurchase cash flow obligations. The presentation  included case studies, planning tips, and audience participation.
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Topics: Repurchase Obligation, Distributions

Getting Ready for Changes in Hardship Distribution Rules

Posted by Dolores P. Lawrence, CPA, QKA

Dec 12, 2018 2:30:00 PM

As the result of the Bipartisan Budget Act of 2018, and the subsequent issuance of proposed Treasury regulations, hardship distributions should generally be easier for participants to obtain, assuming they are covered by a plan with a hardship provision and assuming that plan sponsors are on board with the hardship provision changes that are optional.  Plan sponsors should be hearing from their recordkeepers and third party administrators regarding the default changes that will be occuring unless the plan sponsor:

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Topics: Distributions

Required Minimum Distributions – What you need to know

Posted by Jessica A. Spittel

Dec 12, 2018 2:30:00 PM

As we approach the end of the calendar year, it is a good idea to start thinking about getting your Required Minimum Distributions (RMDs) paid out. For ease of process some clients will include RMD payments along with their normal distribution processing for the year. For others, these payments may be processed later in the year, for reasons such as capturing newly retired employees eligible for their first RMD payment. In any case, it is important to review your plan to ensure all necessary RMD payments have been taken care of.

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Topics: Distributions

Save Time and Money in Handling Distributions

Posted by John Korloch, CPA

Jun 4, 2018 4:00:00 PM

Are you tired of paying fees for former participants with small account balances? Are you concerned with uncashed distribution checks as you try to meet your obligations in finding participants who disappear? There are solutions.

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Topics: Distributions, Rollovers

Heart of America's Annual Spring St. Louis ESOP Seminar

Posted by Blue Ridge ESOP Associates

Apr 24, 2018 5:32:21 PM

The Heart of America's annual spring St. Louis ESOP seminar is tomorrow! At this conference, you will have the opportunity to hear Anthony Brunsvold co-present at "The Great Debate: ESOP Sustainability" from 11:00 a.m. to 12:00 p.m. Hot topics that bring challenges to the management of ESOP companies will be discussed with suggested strategies that might help such challenges as distribution policy, repurchase methods, funding strategies and releveraging.
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Topics: Repurchase Obligation, Distributions, Conferences

2018 Employee Ownership Conference

Posted by Blue Ridge ESOP Associates

Apr 17, 2018 11:19:28 AM

2018 Employee Ownership Conference in Atlanta

Are you attending the conference this week? Stop by our booth and enter your business card for a chance to win an Amazon Echo Dot (2nd Generation). Our Blue Ridge professionals will be speaking in the following sessions. 

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Topics: Ownership Culture, Distributions, Conferences, Audits, Releveraging your ESOP, Year-End Valuation

Experience the Leader in Personalized ESOP & 401(k) Administration

Blue Ridge ESOP Associates can provide everything you need to administer your ESOP, 401(k) or combination ESOP/401(k) plan. Our full service outsourcing, which can include participant on-line services, provides worry-free  assistance for your HR or Benefits staff, leaving them free to concentrate on other responsibilities.

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