Thinking about succession planning, employee engagement, or selling your business? On this episode of Williams Mullen's Benefits Companion, host Brydon DeWitt is joined by Nona Massengill, a partner focusing on Executive...more
The following checklist highlights key issues for corporate counsel with respect to employee benefit plans and executive compensation arrangements....more
11/20/2024
/ Benefit Plan Sponsors ,
Compensation & Benefits ,
Corporate Counsel ,
Deferred Compensation ,
Defined Contribution Plans ,
Employee Benefits ,
Employer Group Health Plans ,
Equity Compensation ,
ESOP ,
Executive Compensation ,
Fiduciary Duty ,
IRS ,
Retirement Plan ,
SECURE Act
An employee stock ownership plan (ESOP) is a type of tax-qualified retirement plan. ESOPs are designed to invest primarily in qualifying employer securities, as defined in applicable tax rules....more
11/4/2021
/ C-Corporation ,
Choice of Entity ,
Common Stock ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
ESOP ,
Internal Revenue Code (IRC) ,
Limited Liability Company (LLC) ,
Private Letter Rulings ,
Retirement Plan ,
S-Corporation ,
Subsidiaries ,
Tax Planning
In one of its Issue Snapshots, the IRS recently focused on methods for preventing the occurrence of an ESOP “nonallocation year” under IRC section 409(p). Issue Shapshots are not precedential IRS guidance, but are research...more
The Commissioner of Internal Revenue announced the 2019 dollar limitations for benefits and contributions that apply to retirement plans. Most limits have increased while a few remained the same. ...more