Welcome to our third annual EO/ESOP Podcast Summer School series. We've selected some of our favorite episodes over the past year to bring you all summer long. We're going to spend the summer catching our breath and recharging our batteries. We're also going to be wearing masks and practicing social distancing.
In this episode, Tom Roback, CEO of Blue Ridge ESOP Associates joined host Bret Keisling for a look at Plan administration during the pandemic. Topics discussed include distributions and other plan changes under The CARES Act, distributions, repurchase obligations, interim valuations, partial plan termination, and Plan amendments.
You can hear the original April 7, 2020 release of this episode in Episode 107: Tom Roback - Plan Administration & COVID-19.
Summer School 17 Show Notes
About Blue Ridge ESOP Associates
"Blue Ridge ESOP Associates is the largest independent ESOP and 401(k) Third Party Administration and Recordkeeping firm. Blue Ridge ESOP Associates employs the finest professionals in the business and has over 30 years of experience providing quality third party administration services. ESOPs and 401(k) plans require extensive technical training to understand the rules and regulations that govern them. All of our administrators participate in continuing professional education to stay current with changes in the Internal Revenue Code and Department of Labor and Treasury Regulations. Our senior professional staff members are actively involved in the industry and are dedicated to maintaining their professional qualifications through the American Society of Pension Professionals & Actuaries(ASPPA), the recognized professional society for employee benefits professionals. In addition to ASPPA qualifications, our administrators pursue their ESOP specialty through membership in The ESOP Association and the National Center for Employee Ownership and often attend professional conferences dealing specifically with ESOPs. Several of our senior staff members are frequently asked to share their expertise with the ESOP community by speaking at these conferences and writing articles for professional journals.
In addition to our administrators, Blue Ridge ESOP Associates also employs experienced finance professionals, CPAs and an attorney to handle Internal Revenue Service, Department of Labor and Department of Treasury issues, ESOP trust accounting, and any questions or concerns from your accountants, auditors, bankers and attorneys.
As an independent service provider, we work with a variety of professionals in the industry who provide design, implementation, financing and valuation services. We participate in the design and implementation phase to ensure that the Plan will meet the needs of the sponsoring company, and comply with complex ERISA and IRS regulations." [Source: Blue Ridge ESOP Associates, About Us]
About Thomas Roback, Jr., CEP, QKA
Mr. Roback has worked in the accounting, investment and ESOP industry for over 26 years, and serves in the capacity of President. He is an expert in ESOP, 401(k) and equity compensation administration. He is a Qualified 401(k) Administrator (QKA), Certified Equity Professional (CEP) and was the Chair on the Board of Directors for the National Center for Employee Ownership (NCEO). Mr. Roback is also the Vice President-Membership for the ESOP Association’s Mid-Atlantic Chapter and on the board for the Central Virginia Employee Benefits Council (CVEBC). He is a member of: The ESOP Association; ASPPA; Employee-Owned S Corporations of America; Exit Planning Exchange; and the NCEO. Mr. Roback received his Master of Business Administration from the University of Baltimore and a Bachelor of Science in Accounting from the College of William and Mary. [Source: Blue Ridge ESOP Associates, About Us]
Contact The EsOp Podcast
We'd love to hear from you! To contact us, find us on Facebook at KEISOP, LLC and on Twitter @ESOPPodcast. To reach Bret, with one "T", email Bret@KEISOP.com, on LinkedIn at Bret Keisling, and most actively on Twitter at @EO_Bret. Again, that's one "T". This podcast has been produced by The KEISOP Group, technical assistance provided by Third Circle, Inc. and BitsyPlus Design. Original music composed by Max Keisling, archival podcast material edited and produced by Brian Keisling.
Standard Disclaimer: The views expressed herein are my own and don't represent those of my own firms or the organizations to which I belong. Nothing in the podcast should be construed as guidance or advice of any kind in any field and the fact that I mentioned an organizational website or an advocate or a company on a podcast does not reflect an endorsement, but if you've heard your name or your group's name mentioned on this podcast, I'd love to have you come on and talk about it yourself.