BASIC ESOP ADMINISTRATION - The ESOP Association

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John Burgess - Seyfarth Shaw LLPJonathan Markham – Blue Ridge ESOP AssociatesData Gathering – Census• Information is needed on all employees who worked for the companyduring the plan year.▫▫▫▫▫▫▫▫▫▫▫▫▫▫▫▫▫Social Security NumberNameDate of BirthDate of HireDate of TerminationStatus – Active, Terminated, Terminated due to death or disabilityRehire InformationHours WorkedGross CompensationPlan Defined CompensationEmployee 401(k) DeferralsEmployer 401(k) Match or Other ContributionsEmployee Classification – Leased, Union, etc.List of Corporate OfficersShares Held Outside of the ESOPCertain Family Relationship InformationSynthetic Equity Held
John Burgess - Seyfarth Shaw LLPJonathan Markham – Blue Ridge ESOP AssociatesParticipation• Eligible employees become participants in theplan after completion of the plan's eligibilityrequirements.• Maximum Plan Entry Provisions:▫ Age 21▫ One Year of Service• Year of Service is defined as 1,000 hours in a 12-month period, regardless of employment• Two Years of Service can be required if theparticipants are fully vested immediately.
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