ESOP

Running a Request for Proposal (RFP) process can feel daunting. With competing priorities, multiple stakeholders, and complex compliance requirements, it’s no wonder that many HR leaders and trustees approach RFPs with hesitation. But when executed well, the RFP is one of the most powerful tools you have for protecting your organization, ensuring fair vendor

​​The Employee Retirement Income Security Act, known as ERISA, was enacted in 1974 to provide foundational standards for managing employee benefit plans. Its purpose is simple but significant: to safeguard the benefits promised to employees by setting minimum requirements for how retirement and health plans are managed in the private sector. ERISA came about in

You’ve Created an ESOP—What’s Next? Establishing an Employee Stock Ownership Plan (ESOP) is a major milestone for your business. But it’s important to remember: an ESOP is not a one-time transaction, it’s a long-term, living benefit plan that requires ongoing attention, communication, and care. If you've recently launched an ESOP, here are the key

Creating an Employee Stock Ownership Plan (ESOP) can be a powerful strategy for business owners looking to reward key employees, establish succession planning, or prepare for retirement. However, the ESOP process involves several steps, critical decisions, and key players. Here’s a practical overview of the ESOP journey—what to expect, whom to involve, and the

Since joining the ERISA Advisory Group and serving as part of the trustee team supporting ESOP transactions, I’ve had the privilege of witnessing remarkable business owners who genuinely care about their employees, their companies, and the legacies they’ve built. These leaders often share a sentiment we hear time and again: “I wish my attorney had