About the Webinar

Closely held ESOP companies have a specific legal obligation to buy back stock from departing and diversifying employees. This webinar will describe these requirements and explore than various alternative approaches you can use on such issues as the timing, form, and requirements for distributions, including lump-sum versus installment payments, account segregation at termination, changing when the distribution occurs, diversification requirements, what valuation to use, and more.

You will learn:

  • Requirements for buying back stock from employees
  • Alternative models for providing for repurchase

 

There are no prerequisites or advanced preparation required for this introductory-level session.

Field of Study: Specialized Knowledge

Delivery Method: Group Internet Based

For more information on the types of Continuing Education Credit offered please visit Continuing Education Credits for Meeting and Webinar Attendees.

Presenter(s)

Doug is a client service manager for quality review at Principal Financial and is based in Minneapolis, MN. Doug has 20 years of experience of ESOP plan administration and consulting, and currently focuses on ensuring the accuracy and maintaining the quality of all
ESOP administration related items. Prior to joining Principal, Doug was the manager of ESOP plan administration at a Minneapolis accounting firm. Doug is a CPA (certified public accountant) and a CEBS (certified employee benefits specialist).

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