Effective ESOP Administrative CommitteesNCEO Webinar replays are the recorded version of our live Webinars, using PowerPoint presentations viewed online. To purchase a twelve-month subscription providing unlimited access to all recorded Webinars, including this one, follow this link. If you have a current subscription to the replays, log in here. (Replays are not available for individual purchase). Please contact Colleen Kearney at 510-208-1311 or firstname.lastname@example.org for additional information.
This replay was recorded on March 26, 2019.
About This MeetingESOP Administrative Committees can play a variety of roles. Most commonly, they either a) are the fiduciary or b) direct the fiduciary. In both cases, they also make sure that plan administration is properly handled. This Webinar will look at who should be on it for how long? What kinds of information should they gather? How should they communicate with employees? If they are directing a trustee, how can they make that interaction most useful? What are some examples of don;t do that's administrative committees have stubbed their toes on? This session provides a checklist for the duties for these approaches and looks at the fiduciary duties they need to understand.
You will learn:
- The duties of ESOP administration committees, including best practices to ensure that they meet their responsibilities.
- Some challenges faced by administration committees and the advantages and disadvantages of their possible responses.
Lindy D. Ireland