So your client just established an ESOP under SECURE 2.0 rules—congratulations! Now what? The first year of a new ESOP comes with its own set of quirks, especially when SECURE 2.0 changes the traditional timeline for contributions, allocations, and reporting.
This session focuses specifically on new plan formation and first-year operations. You'll learn how SECURE 2.0's long-term, part-time employee rules and other provisions affect brand-new ESOPs differently than established plans. We'll walk through the timing issues that catch sponsors off guard, the regulatory filings you can't miss, and how different approaches to that first contribution impact everything from participant statements to compliance testing.
Learning objectives:
Christina Lorenzo currently serves in the capacity of ESOP Consultant at Blue Ridge Associates, where she owns critical relationships with key ESOP plan sponsors. She has about 3 years of experience in the ESOP field. She is responsible for all facets of ESOP plan administration on a variety of plans—including trust accounting, allocations, compliance testing and distribution processing.
-1.png?width=150&name=BRA-primary-1C-white%20(1)-1.png)
Barbara Clough is a Vice President at Blue Ridge Associates. Barbara has a deep understanding of the complexities involved in ESOP administration, her technical expertise includes navigating tricky administration and compliance issues. As an ERISA expert, she ensures adherence to Code Section compliance and provides strategic guidance to clients on plan design, legal matters, and IRS & DOL inquiries.
Accolades include: past Chairwoman of the Administration Advisory Committee, frequent speaker, author, Executive Committee member of the ESOP Association’s Public Policy Council and Vice President of Advocacy for the ESOP Association’s New England Chapter.
%20(1).png?width=200&name=PCE%20logo-01%20(002)%20(1).png)
