"Who has to pay for COBRA coverage?" is a question we often hear from transaction lawyers and their clients in a stock sale or an asset sale. COBRA requires some employers to provide certain participants and their beneficiaries with group health ...
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Resources
M&A Benefits – How to Avoid an Employee Benefits Train Wreck in Your Next Deal
If the closing date is approaching on the purchase/sale of your or your client's company and you still don't have a plan for transitioning employee benefits, the result can be a train wreck. The seller can end up with liabilities they didn't ...
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Employee Benefits Plans In Mergers And Acquisitions
When businesses are bought, sold, merged, or reorganized into or out of existence, qualified retirement plans must be dealt with. This article provides an overview of some of the most common decisions faced by both buyers and sellers, acquirers and ...
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Who Votes the Shares Held in the ESOP?
The Code requires that company stock in the ESOP must have full voting rights. In this video, we discuss who votes the shares held in the ESOP.
ESOP Trustee Duties and Shareholder Rights
Since the ESOP trustee is the corporate ...
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What Classes of Stock Can an ESOP Own?
There are multiple classes of stock that an ESOP can own. In our video, we discuss the different classes of stock.
Classes of Stock
The Internal Revenue Code defines employer securities for privately held companies as including ...
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Coverage Rules For 401(k)’s and Other Qualified Plans – Part 3. Average Benefit Test and the Minimum Participation Rule
This is the third in a series of articles designed to inform you of the significance of the so-called "coverage rules" and the "minimum participation rules" applicable to qualified retirement plans, (here are Part 1 and Part 2 if you missed them). In ...
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