Journey to an ESOP & Beyond
ESOPs are gaining traction. In the "Journey to an ESOP & Beyond” podcast, Phillip Hayes explains the process of the ESOP transaction and addresses ESOPs from a business owner’s perspective. The "ESOP Guy" illuminates the simplicity of ESOPs as he debunks common misconceptions that ESOPs are immensely costly and complicated.
Journey to an ESOP & Beyond
EP42 – Interview with Greg Daugherty, ESOP attorney from Columbus OH to discuss 401(k), ESOPs and KSOPs.
October 08, 2020
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Phil Hayes/Greg Daugherty
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Season 1
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Episode 42
This is our 2nd interview with Greg Daugherty with Porter Wright in Columbus, OH. Greg and I discuss the planning side of what companies will do with their existing 401(k) plans when you combine them with a brand new ESOP. What are the issues behind safe harbor and highly compensated people. Additionally, what is a KSOP and when would we want to incorporate their use in the planning of your new ESOP.
