ESOP Plan Governance Module

ESOP Plan Governance is an "add on" module to ESOPConnection that is designed to meet the needs of your Administrative Committee and Trustees. When used, the template driven tool will facilitate compliance with the applicable ERISA fiduciary and documentation requirements, which will streamline your ESOP administration and minimize your legal exposure. Some highlights include the ability to:

• Schedule meetings, prepare agendas, prepare minutes and create resolutions.
• Archive all documentation of the Committee and Trustees.
• Create an annual ESOP Calendar of responsibilities and timelines along with corresponding meetings and minutes.
• Access ESOP template forms, policies and procedures to allow the client to quickly and easily create their own customized versions (e.g. distribution polices, QDROs).
• Use a Plan Governance Roadmap with training and guidance on fiduciary duties and liabilities, insurance and indemnification, and updates on regulatory issues.
• Instantly retrieve all ESOP related documents.

Keep Your Fiduciary Responsibilities In Order

ERISA specifies fiduciary requirements, but many ESOP companies do not consistently document their actions. Our plan governance module allows you to schedule meetings, prepare agendas, minutes, distribution policies, resolutions and more with the click of a mouse. With this template-driven online tool you can create an annual ESOP calendar with responsibilities and timelines. The module is an excellent training tool providing background on the roles and fiduciary duties of the Plan Sponsor, latest regulatory news, and a roadmap to ensure ERISA compliance.

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