The Inside ESOP Fiduciary Handbook, 4th Ed

Inside fiduciaries for ESOPs have substantial legal responsibility and risk. Making sure an ESOP complies with the law and the plan document is the best insurance against costly legal problems, and at the same time it builds trust and credibility for employee ownership among plan participants. This book is meant to provide an overview of life as an inside ESOP fiduciary. It alerts the reader to the key issues, including ESOP basics, fiduciary issues, valuation scenarios fiduciaries may face, working with appraisers, board-trustee interactions, and fiduciary insurance. The fourth edition has been updated throughout as of 2020 to reflect new information and guidance, including new court decisions and data on DOL investigations. A new chapter was added on working with valuation analysts to set ESOP share prices.