Since “eligibility requirements” can apply to multiple plan features, there is often confusion by plan sponsors in these areas, and even more misunderstanding by plan participants. To help, here are some basics on eligibility.
Joseph Marx talks about when a mature ESOP begins to pose potential challenges. Bring the ESOP back in sync with company/participant goals and objectives with these alternatives, and ensure the ESOP 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.