Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
ARPA Webcasts

Featured Jobs

Retirement Plan Administrator

My Benefits, LLC
(Telecommute / Daphne AL / Atlantic Beach FL)

My Benefits, LLC logo

401(k) Retirement Plan Administrator

Heritage Pension Advisors, Inc.
(Telecommute / Commack NY)

Heritage Pension Advisors, Inc. logo

Benefits Associate

Littler Mendelson, P.C.
(Philadelphia PA / Los Angeles CA)

Littler Mendelson, P.C. logo

401(k) Plan Administrator

Pension Investors Corp
(Telecommute / Hollywood FL)

Pension Investors Corp logo

Defined Benefit Plan Administrator

Pension Investors Corp of Orlando Inc
(Telecommute / Altamonte Springs FL)

Pension Investors Corp of Orlando Inc logo

Implementation Specialist

Ubiquity Retirement + Savings
(Telecommute / San Francisco CA)

Ubiquity Retirement + Savings logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon
Webcasts  >  Upcoming, by Date   |   Recorded
Conferences  >  Upcoming, by Date   |   Upcoming, by State
Combined  >  Upcoming, by Date   |   Recorded or Upcoming, by Sponsor

View More Beyster Institute Webcasts and Conferences

Certificate Program for Non-Professional ESOP Fiduciaries

Beyster Institute

May 17, 2021 - May 21, 2021

Companies seeking a trustee for their ESOP have a variety of professionals they can hire for that role, ranging from solo practitioners to the trust department of large banks.

But once the ESOP transaction has closed, about half of all ESOP companies ultimately elect to handle the trustee role in-house.  And additional ESOP companies assign some fiduciary responsibilities to their Board or to an ESOP administration committee.  Anyone in the company playing any of these roles is assuming fiduciary responsibility – and fiduciary liability – under ERISA.

Many see significant advantages in handling these fiduciary roles in-house, including:

  • Reduced costs
  • Involvement of their people in managing the company
  • A sense of greater perceived control over their destiny

At the Beyster Institute, our view is that it is entirely reasonable for a company to handle ESOP fiduciary roles in-house – so long as the people in those roles have been properly trained to understand what their responsibilities are, and how to meet those responsibilities effectively.

This program is designed to deliver exactly that training.  Topics to be covered include:

  • The role of the ESOP trustee in corporate governance
  • ERISA standards of fiduciary conduct
  • Prevailing fiduciary practices at ESOP companies
  • The trustee as the shareholder of record
  • The stock valuation process and the fiduciary’s responsibility for that
  • The trustee’s responsibilities in connection with shareholder votes
  • Managing the trust, including reconciliation of records
  • Conducting trustee meetings, with proper recordkeeping
  • How to obtain insurance coverage for ESOP fiduciary liability

More Information, How to Register

© 2021, Inc.