2I – 2O – 2P – 2Q – 3I, Bingo! Entering incorrect information on the return or report, or leaving a field blank when there should be an entry increases the likelihood that you’ll be selected for an Employee Plans Compliance Unit compliance check. Plan characteristic...
ESOP-Owned Companies are unique through their values, integrity, teamwork and passion. Do you ooze ESOP?
Will your ESOP require a plan audit for Form 5500 this year? If so, there is much to do in the next few months! A plan audit is required if the number of ESOP Participants reported on the Form 5500 is 100 or greater, as of the beginning of the Plan Year. There...
The end of the year is a good time for S Corporations to conduct prospective anti-abuse testing under IRC 409(p) for their ESOP Plan. The anti-abuse test under IRC 409(p) is a complex ownership concentration test that must pass on every day of the plan...
The ESOP Association provides a one of a kind Press & Event Planning Kit to help members plan Employee Ownership Month (EOM) celebrations: http://www.esopassociation.org/news-landing/2014/08/07/employee-ownership-month-2014 Employee stock ownership through an ESOP...
For over 20 years, The ESOP Association and its member companies have been celebrating Employee Ownership Month every October. It is a celebration of the incredible spirit of employee ownership and an opportunity to educate employee owners about the tremendous...
Watkins Ross, a Conference Sponsor, will be attending the Michigan Chapter of The ESOP Association Annual Fall ESOP Conference in Lansing, Michigan on Thursday, September 25, 2014. This Fall’s Theme is 'On The Go For ESOPs.' Morning speakers J. Michael Keeling,...
According to the National Center for Employee Ownership, about 12,000 companies in the United States, employing 11-million Americans, have embraced Employee Stock Ownership Plans, commonly known as ESOPs, or other similar trust-based plans. The concept can motivate...