The decisions you make in response to the global pandemic will have lasting impacts on your business and your workforce. Join members of our ESOP team each Thursday for this webinar series designed to help you navigate and emerge from this crisis in the best position possible.
Understanding the options at your disposal, and their interplay with a growing suite of relief packages, will help you proceed with confidence.
Financial hardship wrought by the economic downturn adds considerable importance to ESOP-owned organizations’ approach to distributions. Participants and beneficiaries remain entitled to distributions, but new questions are raised as to the manner in which they are paid. This session will explore the nuances associated with distribution issues, such as:
- Plan language and how best to avoid liability under ERISA
- Distributions options available to the organizations and their trustees
- Sequencing and management of in-progress and upcoming distributions
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