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Repairing a Qualified ERISA Plan, Consultants & Advisors


Sheryl Bayani-Alzona - Employee Benefits Law Group PC

Repairing a Qualified ERISA Plan in Los Angeles, CA

Sheryl C. Bayani-Alzona ...
Kevin Long - Employee Benefits Law Group PC

Repairing a Qualified ERISA Plan in San Jose, CA

Over the last 25 years, Kevin has helped guide over 400 ESOPs and ESOP companies to success, from setting up new ESOPs to taking over underserved ESOPs that were ready to thrive at the next level. They represent the spectrum of publicly traded corporations and privately held companies, from pr...
Daniel Reser - Fiduciary Services, LLC

Repairing a Qualified ERISA Plan in San Rafael, CA

Mr. Reser has been a corporate fiduciary for corporate securities and reorganization transactions as well as trustee and custodian of retirement plans for over 25 years. Before founding Fiduciary Services, Inc. he was active for 17 years in Los Angeles as a Vice President and manager of corpor...
Wendy Gilligan - Gilligan Benefits Law

Repairing a Qualified ERISA Plan in El Dorado Hills, CA

With 18 years in practice, Wendy Gilligan has the expertise to guide companies through the entire range of ESOP issues, including setting up an ESOP, keeping it running in good condition and terminating the plan or selling to a third-party if the time comes.

ESOP Marketplace connects you with local Repairing a Qualified ERISA Plan

Sometimes, an ESOP company finds itself in trouble due to their ESOP or ERISA plan design or follow-through. In some cases, they are quickly and easily fixed. In many cases, it requires an expertise that is not associated with the original plan design advisors. Every 5 years, the law requires all ESOP companies to submit their Trust plan, to ensure it is up to the latest level of law. When the IRS or DOL find mistakes, the company can be fined $13,000 per incident. Simple and inadvertant mistakes that can be cause for fines include: Not updating the plan document properly and timely, missing deadlines, not calculating the proper allocations, not offering stock instead of cash for distributions, improper distributions, not vesting properly, diversification issues, and other items that indicate the company and the ESOP Trust are not following the plan. Our ESOP Advisors have the experience and independence to help your management team repair your plan and avoid the potential fines that come from the IRS or DOL for inadvertent mistakes.