Since “eligibility requirements” can apply to multiple plan features, there is often confusion by plan sponsors in these areas, and even more confusion by plan participants. To help with that confusion here are some basics on eligibility.
When a mature ESOP begins to pose potential challenges, there are several alternatives for bringing the ESOP back in sync with company/participant goals and objectives, and ensuring it is still delivering the right value.
In order to plan for ESOP repurchase liability, the corporation must quantify the liability and implement a strategy to fund it. These functions are the responsibilities of the board of directors of the corporate sponsor of the ESOP.
We wanted to know what retirement plan participants have to say about saving for retirement and retirement plan features. So we asked a wide-range of employees to share their thoughts with us on a number of financial health topics.