If the closing date is approaching on the purchase/sale of your or your client's company and you still don't have a plan for transitioning employee benefits, the result can be a train wreck. The seller can end up with liabilities they didn't ...
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About Jim Paul
Selling an ESOP Company
You are the CEO of a very successful, tax-free, employee-owned company. The company is profitable and running very well. The employees are happy. Out of the blue, you get a very attractive offer from a private equity group to buy the ...
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Have You Been Keeping Up with Benefits Law Changes?
Quick! Raise your hand if you remember the SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019). It was signed into law on December 20, 2019 (for those keeping score, it passed the House with a vote of ...
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Pooled Employer Plans – Coming Soon
Last December before panic set in, Congress passed the SECURE Act. Beginning in 2021, banks, insurance companies, and other financial institutions may begin offering Pooled Employer Plans (PEPs). A PEP is a 401(k) or profit-sharing plan ...
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Benefit Plans in M&A Deals – Avoiding That Call After the Deal Has Closed
Thankfully, mergers and acquisitions continue at a good pace even in this impacted economy. We do still see buyers and sellers that struggle with employee benefit due diligence issues though. Deal counsel often gets calls from their clients – ...
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CARES Act – Retirement Plan Loans & Distributions Relief For Employees
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27th, providing relief for employees in the form of expanded retirement plan loan and distribution options. Here's what plan sponsors should know right ...
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