Internal vs External Trustees: The Good, The Bad, and The Ugly

The world of ESOPs is hardly a gun-slinging Clint Eastwood movie but the complexity of the plans, ERISA’s guidelines, and the compliance requirements, can occasionally make it feel like the Wild West.  In some cases, the selection of an appropriate trustee can evoke the Good, the Bad, and the Ugly.  VMI offers the following guidelines…


Have an ESOP your employees can be proud of

Some of the most successful companies have become so by providing proper incentives to their employees. One such incentive is an Employee Stock Ownership Plan (“ESOP”), a defined benefit retirement plan. With properly employed ESOPs, these companies have been shown to outperform similar companies without ESOPs. ESOP give employees a vested interest in the company’s…