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Aaron Juckett 
ESOP Partners LLC 
Phone: 920-659-6000 
Toll Free: 800-837-3112 
Direct: 920-659-6002 
Fax: 866-337-1095 

2014 IRS Pension Plan Limits

401(k) Deferral Limit - $17,500

Annual Additions Limit - $52,000

Maximum Compensation Limit - $260,000

Catch-Up Contribution Limit - $5,500

Highly Compensated Employee - $115,000

ESOP 5-Year Distribution Threshold - $1,050,000

ESOP Additional Year Threshold - $210,000

2014 Pension Plan Limits

1989 - 2013 Plan Limits

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ESOP Awards: 2014 Silver ESOP Award Winners

ESOP Silver Award

The ESOP Association has announced the 45 Silver ESOP Award Winners of 2014: 

March 2014 ESOP and Corporate Tax Reform Update

ESOP tax reform

Here is an update on ESOP legislation and corporate tax reform.

President's 2015 Budget Eliminates Certain ESOP 404(k) Dividends

President Obama 2015 Budget

Last week we discussed the news that the House Draft of Tax Reform Legislation did not have a direct impact on ESOPs.  While this is definitely positive news for ESOPs, President Obama's Budget for Fiscal Year 2015 has been released and it includes language to eliminate the IRS Section 404(k) ESOP dividend deduction for publicly traded C Corporations.  IRC Section 404(k) is the section in the Internal Revenue Code that provides the C Corporation provisions for paying Deductible Dividends to an ESOP:

House Draft of Tax Reform Legislation and Impact on ESOPs

ESOP Tax Reform

The House Committee on Ways and Means has been working on tax reform and held 30 Congressional hearings during the 112th Congress, formed 11 bipartisan Tax Reform Working Groups, conducted a nationwide tax tour, released two options for Small Business Tax Reform and three separate discussion drafts.  On February 26, 2014, the House Committee Chairman Rep. Dave Camp [R-MI] released a draft of legislation of the Tax Reform Act of 2014.

ESOP Diversification

ESOP Diversification

The Tax Reform Act of 1986 established the ESOP diversification rules under IRC Section 401(a)(28) for qualified participants during the qualified election period.  ESOP diversification can be satisfied by a distribution, a transfer to another qualified plan, or offering three or more investment options in the ESOP (certain requirements apply).

Ongoing ESOP Trustee Responsibilities

ESOP Corporate Governance

The ESOP Trustee is an integral part of the ESOP Corporate Governance process.  An ESOP Trustee serves as the legal shareholder of the shares held by the ESOP Trust and has many responsibilities.  

Definitions of ESOP Compensation

One\u002DStop ESOP Webinar Series

One of the most important items for the annual ESOP administration process is preparing the compensation and census information. Unless this is the first year of your ESOP, you will most likely have an established file format to follow when organizing the information.  The most important items to gather are the various components of compensation. 

2013 ESOP Benefit Payment Government Filings (IRS Forms 1099-R, 1096, 945)

ESOP IRS Forms 1099-R, 1096, and 945

If you paid any ESOP or other qualified retirement plan distribution of $10 or more last year you will have to prepare and file some government forms:  Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

2013 ESOP Required Minimum Distributions (RMDs)

ESOP Required Minimum Distributions

In addition to the 2013 End of Year ESOP Legal Considerations discussed earlier this month, you should also make sure you have paid out all of your 2013 ESOP required minimum distributions (RMDs) by the end of the calendar year. 

2013 End of Year ESOP Legal Considerations

ESOP Legal Considerations

The end of the year is approaching.  Here is a list of items to make sure you have addressed before the end of the year.

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