ESOP Resource Center
Recent Thought Capital
Why October Warrants a Celebration!
October is here, and as a company who is passionate about employee stock ownership plans, the Principal Financial Group® could not be more thrilled at what these next thirty one days represent. October is National ESOP Employee Ownership month and offers the opportunity for us, and all who share our passion, to take some time to recognize the tremendous benefits ESOPs have to offer.
Corporate Governance vs. Retirement Plan Governance - What's the Difference?
A lot is written about "corporate" governance and "retirement plan" governance. It can be confusing - especially when it comes to Employee Stock Ownership Plans (ESOPs). ESOPs are unique, and ESOP fiduciaries often serve in multiple roles, which means they can be subject to different legal standards depending on the decisions they are making for the company and the ESOP.
Local Communities Benefit from ESOPs
When people think of Employee Stock Ownership Plans (ESOPs) terms like succession planning, diversification, or retirement readiness typically come to mind. Increasingly, economic development is being added to that list.
Targeted Communication Helps Engage Participants
Developing a 12-month communication plan is a great way to ensure that you are providing frequent messages about your ESOP to participants. The communication plan is a roadmap that will help you focus your efforts throughout the year.
Are You Helping Your Participants Become "Retirement Ready?"
If we asked 10 people what it means to be "retirement ready" we'd likely get 10 different ideas. One key to becoming retirement ready is for participants to start saving money towards their retirement goals. Find out what you can do to make sure your plan enables your participants to become retirement ready.
Compliance News: Relief for Certain ESOP Sponsors
The Internal Revenue Service (IRS) recently issued notice to relieve certain ESOP sponsors from anti-cutback rules under §411(d)(6) if they eliminate in-service distribution provisions previously available to meet diversification rules under §401(a)(28).
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- Hope to see you at The ESOP Association Conference on November 7
- ESOPs are Flexible and Work in a Variety of Economic Situations
- ESOP Repurchase Liability Management in Privately-Held Companies
- A Little-Known Incentive for Iowa Business Owners
- When the Government Gets it Right: Supporting ESOPs
- How Does an ESOP Work, and Is It Right for You? (MP3: 6:40)
- Client Testimonial: ESOP in Practice (Video: 2:57)
- Principal Financial's Jerry Ripperger Talks Up ESOPs
- Seven Misconceptions About ESOPs