Nancy Dittmer's Profile

Exciting News!

Hi again, I know I have been absent from this blog for some time. I wanted to share the good news that has kept me busy the past few months. I am very excited about the acquisition of McGladrey’s Human... Continue reading

Posted Jun 24, 2011 at RSM McGladrey ESOP Blog

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Responding to Acquisition Offers in ESOP Companies

I was honored to contribute to this new Issue Brief available from the NCEO – Responding to Acquisition Offers in ESOP Companies Continue reading

Posted Feb 21, 2011 at RSM McGladrey ESOP Blog

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New Data on ESOP Repurchase Obligations

In case you did not see Corey’s latest Employee Ownership update, here is the link: Employee Ownership Update Corey always has excellent information in his updates but thought you might be especially interested in the summary of the recent survey... Continue reading

Posted Feb 2, 2011 at RSM McGladrey ESOP Blog

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ESOP Diversification

Here is the link to my latest column on the NCEO’s website on the subject of ESOP diversification - Diversification (Part Two) Continue reading

Posted Jan 12, 2011 at RSM McGladrey ESOP Blog

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Delaying the reallocation of ESOP shares attributable to terminated participants

I have been asked the question on how to delay the reallocation of the shares coming from the accounts of former participants a lot recently. Many ESOPs recycle those shares. That means that the former participants are paid out in... Continue reading

Posted Jan 7, 2011 at RSM McGladrey ESOP Blog

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DOL proposal impacting ESOP appraisers

By now you have surely heard about the DOL’s proposed regulations that would treat ESOP appraisers as fiduciaries. If not, I apologize for not bringing it to your attention sooner. It is a BIG DEAL. To get caught up on... Continue reading

Posted Jan 6, 2011 at RSM McGladrey ESOP Blog

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More than Merely Sustainable

I wanted to share this excellent article written by a very wise man, Tony Mathews – More than Merely Sustainable. His comments on changing management are right on point in my experience. Hopefully, more and more executives will learn of... Continue reading

Posted Dec 14, 2010 at RSM McGladrey ESOP Blog

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Do you need to amend your ESOP document or 401(k) plan document by December 31st?

The end of 2010 is fast approaching and it is this time of year that plan sponsors often end up making needed amendments to their plan documents. Here is a nice summary of the potential amendments – Does Your Qualified... Continue reading

Posted Nov 22, 2010 at RSM McGladrey ESOP Blog

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ESOP Fiduciary Handbook

I wanted to let you know that The ESOP Association has a new, must-have resource for ESOP fiduciaries – ESOP Fiduciary Handbook. Continue reading

Posted Nov 10, 2010 at RSM McGladrey ESOP Blog

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A new publication from the NCEO is available

I wanted to share this – Wellness Programs and Employee Ownership The topic is very interesting to me. The term wellness is thrown around a lot today but I still believe that prevention is still lagging way too far behind... Continue reading

Posted Oct 12, 2010 at RSM McGladrey ESOP Blog

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Roth 401(k) Conversions

If you have not already seen information on this new opportunity relating to your 401(k) plan, here is an excellent summary from McDermott, Will & Emery - New Law OKs “In-Plan” Roth 401(k) Conversions; Year-End Action May Be Desirable Continue reading

Posted Oct 5, 2010 at RSM McGladrey ESOP Blog

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Reminder re: The ESOP Association’s Las Vegas Conference

I don’t know about you but I cannot believe that summer is gone and Employee Ownership Month starts tomorrow. That also means that The ESOP Association’s Las Vegas Conference is just over one month away. I have the honor of... Continue reading

Posted Sep 30, 2010 at RSM McGladrey ESOP Blog

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ESOP Diversification Requirements

I have written on this subject here in the past but if you want a refresher you may want to follow my column on the NCEO’s website. Continue reading

Posted Sep 20, 2010 at RSM McGladrey ESOP Blog

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Leaders of ESOP Companies Still Support Employee Ownership

Hopefully you will see this piece all over the internet. We just wanted to make sure that it was reported here as well - Leaders of ESOP Companies Still Support Employee Ownership Continue reading

Posted Sep 14, 2010 at RSM McGladrey ESOP Blog

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ESOP Audits and Voluntary Compliance Programs

This publication from the NCEO seems like a “must have” for an ESOP sponsors because the IRS and DOL are definitely knocking on the doors of ESOP companies -ESOP Audits and Voluntary Compliance Programs Continue reading

Posted Aug 25, 2010 at RSM McGladrey ESOP Blog

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Deduction for accrued compensation and other items for ESOP participants

I am sure that I have mentioned this here before but there is an issue with an S corporation deducting accrued compensation paid to its ESOP participants. Attached is an article that I wrote on this subject several years ago.... Continue reading

Posted Aug 4, 2010 at RSM McGladrey ESOP Blog

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Plan now for a trip to New Orleans in February

I think this is exciting news for all of you minority owned ESOPs out there – your very own conference. Conference for Minority Owned ESOPs Continue reading

Posted Jul 16, 2010 at RSM McGladrey ESOP Blog

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Request for Extension of Due Date for Form 5500 Filing

I thought I would share this with you as you may not be aware of the challenges facing the third party administrator of your ESOP and/or 401(k) plan relating to the annual 5500 filing - American Benefits Council Comments to... Continue reading

Posted Jul 15, 2010 at RSM McGladrey ESOP Blog

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Fiduciary Liability Insurance Checklist

Just in case you did not see this from The ESOP Association, I wanted to share it here – A Helpful Checklist When Reviewing Fiduciary Liability Insurance. Continue reading

Posted Jul 13, 2010 at RSM McGladrey ESOP Blog

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The Role of ESOPs in Private Equity Deals

I thought I would share this article with you – The Role of ESOPs in Private Equity Deals It seems like a very popular topic right now as my firm recently hosted a seminar on this same subject in Chicago. Continue reading

Posted Jul 12, 2010 at RSM McGladrey ESOP Blog

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News from the IRS

If you missed the IRS’s Phone Forum on ESOPs yesterday, you might be interested in this article - IRS May Launch Regulatory Project Focused on ESOP Rules, Gertner Says You should also check out the blog from our friends at... Continue reading

Posted Jun 25, 2010 at RSM McGladrey ESOP Blog

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Preview the NCEO's ESOP repurchase obligation survey

This is definitely worth sharing with ESOP companies and practitioners – Preview the NCEO's ESOP repurchase obligation survey If you have any suggestions in advance of the survey – please share them with Loren. Continue reading

Posted Jun 16, 2010 at RSM McGladrey ESOP Blog

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Beware of a Look Back at the Weird History of ESOPs

I was excited to meet with one of my former accounting professors today. I like sharing that my occupation and passion is working with ESOP owned companies and companies thinking about implementing an ESOP. We even discussed how some universities... Continue reading

Posted Jun 14, 2010 at RSM McGladrey ESOP Blog

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Innovative Uses of ESOPs in Private Equity Transactions

I just thought I would share with you the details of a session we are hosting with Morgan Lewis in Chicago later this month - Innovative Uses of ESOPs in Private Equity Transactions. We would love to see you there... Continue reading

Posted Jun 1, 2010 at RSM McGladrey ESOP Blog

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Points to Consider When Switching from an S Corporation to a C Corporation

I realize that many ESOP companies have made, or are considering, the switch from C to S. However, some financial institutions are considering the reverse, primarily due to regulatory issues. Here is an article that summarizes the tax issues to... Continue reading

Posted May 25, 2010 at RSM McGladrey ESOP Blog

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