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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Employee Stock Ownership Plans: Diversification Myths and Misunderstandings
Chang, Ruthenberg & Long PC [Guidance Overview] Apr. 6, 2010
Excerpt: [F]ailing to comply with the diversification requirements can result in a fiduciary breach and cost the ESOP its tax qualified status. A better understanding and monitoring of the rules can help avoid these pitfalls. A good start toward that understanding is a look at the five myths surrounding ESOP diversification. But first a little background.
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