In this session we will review the process, procedures, and requirements service providers should consider when releveraging shares within an ESOP. We will walk through the steps involved in structuring a new loan against existing collateral and explain how the timing of a release interacts with plan documents and trustee responsibilities. Attendees will also gain a clearer understanding of the documentation and compliance considerations that arise during a releveraging transaction. This session is designed to give administrators, attorneys, and trustees practical guidance they can apply to client engagements.
Learning Objectives
1. Understand the concept of releveraging within an ESOP structure and the circumstances that typically prompt it.
2. Learn how releveraging affects share allocation, company financing, and plan recordkeeping.
3. Identify best practices for structuring and implementing a releveraging strategy on behalf of clients.
Kip is a Manager of ESOP Administration at Blue Ridge Associates focused primarily on transaction consulting; including pre-transaction ERISA compliance testing, setting the ESOP benefit level, plan design, and education of companies on how their ESOP works. Kip is a member of the National Center for Employee Ownership (NCEO), American Society of Pension Professionals and Actuaries (ASPPA), the ESOP Association, and a member of The ESOP Association’s Advisory Committee on Administration.
%20(1).png?width=200&name=PCE%20logo-01%20(002)%20(1).png)
