Many new ESOPs include a requirement that within a specified period the financials must be updated and if certain parameters have not been met a Purchase Price Adjustment will be required. During this session our presenters will review the steps that Plan Sponsors should be taking, communication with their TPA as well as the affect on an ESOP's required loan payments and share release.
Learning Objectives:
1. Understand the mechanics of purchase price adjustments.
2. Learn the effect of a purchase price adjustment on your internal note.
3. Gain knowledge on the potential effect on the 404 maximum contribution test.
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Heather is an ESOP manager at Blue Ridge Associates. Prior to that, she served as a senior manager at Crowe. She received her BA from the Ohio State University, and she also holds a certificate of accounting.
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