Last Chance for Repurchase Obligation Study

The NCEO's questionnaire on the scope and characteristic of ESOP companies' repurchase obligation will be closed at the close of business on Thursday, October 21.

Legal Tip: Remember Attribution Rules

In determining whether an ESOP allocation is allowed, don't forget to consider attribution rules. Spouses and dependent children, and possibly others, can have their income attributed to another individual.

Legislation, Hearings on the Way

Responding to the Enron case, House members Peter Deutsch (D-FL) and Gene Green (D-TX) are introducing legislation to limit employer stock in 401(k) plans to 10% of total assets. Senator Jeff Bingaman (D-NM) is also drafting legislation to limit employer stock.