Last December before panic set in, Congress passed the SECURE Act. Beginning in 2021, banks, insurance companies, and other financial institutions may begin offering Pooled Employer Plans (PEPs). A PEP is a 401(k) or profit-sharing plan ...
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Resources
Benefit Plans in M&A Deals – Avoiding That Call After the Deal Has Closed
Thankfully, mergers and acquisitions continue at a good pace even in this impacted economy. We do still see buyers and sellers that struggle with employee benefit due diligence issues though. Deal counsel often gets calls from their clients – ...
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If Our Company Chooses Not to Go with an ESOP, What Other Strategies Are There?
An Eligible Individual Account Plan (EIAP) may be a good option for a company that decides not to use an ESOP. We discuss this strategy in our video.
Transcript
If a company determines that an ESOP is not appropriate, the other ...
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How Much Control Does the ESOP Trustee Have?
In this video, we discuss how much control the ESOP trustee has in the ESOP.
Transcript
Typically when we are presented with this question, it's out of a concern that putting the shares in the hands of a trustee is going to result in ...
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How Much Control Do Employees Get?
In an ESOP, how much control do employees have? Watch our video to learn more.
Transcript
It's first important to remember that the employees are not the shareholders of the corporation. The ESOP and the ESOP trustee own the ...
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How Is Stock Allocated Within the ESOP?
Learn the ways stock can be allocated with an ESOP in our video.
Transcript
Most often stock is allocated with an ESOP and proportioned to the compensation of the employees that are in the plan. It's also possible, however, to design ...
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