Calling all government attorneysBy Lynn PattonDecember 2000The ISBA's Standing Committee on Government Lawyers wants to include you in its constituency. Historically, neither the Attorney Registration and Disciplinary Commission nor the Illinois State Bar Association has maintained data with respect to those attorneys engaged in government practice.
Current S corporation ESOP regulatory developmentsBy John A. KoberJanuary 2000The Internal Revenue Service ("IRS") has clarified some of the ambiguity that existed under current law in its application to S corporation employee stock ownership plans ("ESOPs").
Employee benefit plans for associationsBy Laurence A. HansenMay 2000Defined contribution plan ("DC plan") is a retirement plan under which the benefit to be paid is determined by the contributions to the plan along with any earnings thereon.
ESOPs for S corporationsBy Steven LifsonJanuary 2000Effective January 1, 1998, corporations that sponsor employee stock ownership plans ("ESOPs") became eligible for the first time to make the election to be treated as an "S corporation" for federal income tax purposes.
Fiduciary duties of the ESOP trusteeBy Marilyn H. Marchetti & Danielle MontesanoFebruary 2000The following article examines the duties of the trustee of an employee stock ownership plan ("ESOP Trustee"), beginning with the governing principles of the Employee Retirement Income Security Act of 1974, as amended, and the application of those duties to general administration and on-going administrative responsibilities of the ESOP Trustee.
Legal case reviewBy Kevin J. RichterDecember 2000On August 18, 2000, the IRS issued announcement 2000-77 which provides criteria for determination letter applications for Volume Submitter plans that have not received GUST II advisory letters.
To our readersDecember 2000The theme of the second newsletter of the 2000-2001 term addresses the subject of the Employee Benefits Section Council, our purpose, and our resources that are available to members of the section and members of the Illinois State Bar Association.
To our readersNovember 2000The theme of the first newsletter of the 2000-2001 term addresses the subject of employee benefits for domestic partners ("domestic partners").
To our readersMay 2000The theme of the final newsletter for the 1999-2000 term addresses employee benefit plans for tax-exempt associations.
To our readersApril 2000The Employee Benefits Section Council has compiled a ten-year index of our newsletters from 1989 to 1999, sorted by topic.
To our readersFebruary 2000Continuing our theme of ESOPs, this follow-up newsletter focuses on the fiduciary issues applicable to ESOPs.
To our readersJanuary 2000The theme of our next two issues of the Employee Benefits Newsletter will be ESOPs.