Many have questioned how much of retirement plan contributions paid with PPP loans can be forgiven. On August 4, 2020, the Small Business Administration resolved one big question when it issued the latest FAQs on PPP Loan ...
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Resources
What Are the Tax Benefits of a Non-leveraged ESOP?
A non-leveraged ESOP is a type of ESOP that does not involve borrowed funds to acquire the sponsoring employer’s stock. It is funded by contributions of cash or stock directly from the employer sponsor. In this video, we discuss the tax benefits of ...
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ESOP Plan Design And Document Drafting
Updated August 2020
If we're drafting your ESOP plan document, then you'll become familiar with our ESOP Plan Design Checklist. That checklist is what jump-starts our conversation with you about how your ESOP should be designed. This article tells ...
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What Are the Fiduciary Risks of Serving on the Administrative Committee?
An ESOP administrative committee focuses on the operation of the plan and on the management of the plan assets. Watch our video to learn about the fiduciary risks of serving on the administrative committee.
Administrative Committee ...
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What Are the Fiduciary Risks of an ESOP Malfunction?
While there are a number of benefits associated with ESOPs, they can present problems and complications. Understanding the fiduciary risks of an ESOP malfunction helps you avoid them. Learn more in our video.
Fiduciary Risks
There ...
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Must an ESOP Company Respond to an Offer to Purchase?
An ESOP company needs to understand what it should do if an offer to purchase is made. Watch our video to learn more about having the proper procedures in place.
Transcript
This is a very dynamic and evolving area of the law involving ...
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Confused by the terminology? Check our Glossary of Terms