BASIC ESOP ADMINISTRATION - The ESOP Association

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John Burgess - Seyfarth Shaw LLPJonathan Markham – Blue Ridge ESOP AssociatesVesting Exceptions• Certain types of contribution are always 100% vested:▫ Employee elective deferrals▫ Rollover contributions▫ Designated Roth contributions▫ After-tax employee contributions• A participant must be 100% once they reach NormalRetirement Age (NRA)▫ Maximum NRA is the later of age 65 and 5 years ofparticipation in the plan• Generally plans will fully vest the accounts ofparticipants who terminate due to death or disabilityalthough it is not required.
John Burgess - Seyfarth Shaw LLPJonathan Markham – Blue Ridge ESOP AssociatesGathering Trust Information• ESOP bank account information– bankstatements and/or check register• Contribution amounts, including accruals• Dividend amounts, including accruals• Loan payments• Distribution and Diversification information• Information regarding new stock transactions
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