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 are ...
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Resources
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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Pooled Employer Plans – Coming Soon
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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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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Confused by the terminology? Check our Glossary of Terms