Speaker(s):
David Whaley, Partner, Thompson Hine LLP and Mary Giganti, Partner, Waldheger Coyne, LPA
Overview of an Employee Stock Ownership Plan (ESOP)
Discover the fundamentals and strategic advantages of Employee Stock Ownership Plan (ESOP) in this insightful presentation. The session will demystify how ESOPs function as unique retirement plans, detailing the step-by-step process from establishing the ESOP trust to financing, executing stock purchases, and managing governance. Attendees will gain a clear understanding of the roles of key stakeholders—including the corporation, selling shareholders, ESOP trustee, and financing banks—as well as the fiduciary obligations and best practices for structuring a successful ESOP.
Secure 2.0 - Mandatory Roth Catch-up and Expanded Self-Correction Program
Mandatory Roth catch-up contributions go live January 1, 2026. We will review proactive steps you can take to help your clients minimize unintended consequences of this new requirement. How will plan sponsors and HR departments identify which participants are affected and what information will be provided to those employees? What elections should be made to ease administration? Can you self correct, and do the plan provisions provide the ability to self correct? We will also review the self correction program as expanded under SECURE, including the types of failures that can be self-corrected and the requirements to use self-correction.