Blue Ridge ESOP Associates Industry News What is diversification in an ESOP and what are your responsibilities as a Plan Sponsor?


Internal Revenue Code Section 401(a)(28) allows employees to diversify a portion of their stock once they meet certain eligibility requirements. There are specific age and service requirements outlined by the IRS to determine who is a Qualified Participant, however your plan may allow for rules that are less restrictive.

Statutory Requirements:  Click here to continue reading…

Updated: Jan 4, 2022

About the author
Tom Roback of Blue Ridge ESOP Associates is a member of XPX Maryland

When a company needs a third party administrator for their ESOP and/or 401k retirement plan or guidance on implementing an ESOP.