Blue Ridge ESOP Associates can provide everything you need to administer your ESOP, 401(k) or combination ESOP/401(k) plan. Our full service outsourcing, which can include participant on-line services, provides worry-free assistance for your HR or Benefits staff, leaving them free to concentrate on other responsibilities.

​We feel that our administrator’s superior customer service should be recognized. He is such a pleasure to deal with and he is very knowledgeable. Our initial year could have been very difficult but our administrator has made everything so easy for us.

Steve Morley, CFO, Poten & Partners Group, Inc.

ESOP Administration

ESOP Admin

We provide the highest quality third party administration (TPA) and recordkeeping services for Employee Stock Ownership Plan (ESOP) companies. Our experienced administrators handle all recordkeeping and reporting requirements, including all necessary compliance testing, individual participant recordkeeping, preparation of Form 5500 and all related Schedules, 1099-R, and trust accounting. We will assist you in preparing for repurchase obligation, inform and advise you concerning new laws and regulations, as well as provide guidance to help you get the most out of your benefit Plans. As a full-service TPA, we also offer employee communications services to help your employees fully understand and appreciate the benefits of their ESOP.

Our friendly, client-oriented service includes the following:

Plan Administration & Compliance

Allocation at Blue Ridge begins with using the most advanced census scrubbing technology in the industry. Careful attention up front makes the hardest plan provisions manageable to our professional Plan Administrators. We proceed to perform compliance tests, produce final certificates for your employees, process distribution payments and finalize annual tax filings on
your behalf. From the beginning of the plan year to the end we serve as a trusted advisor to ensure a timely and accurate allocation.

We are a full service firm. Beyond providing a broad range of services, further detailed below, it means that there are no surprise fees when we administer your Plans. You have a direct line to your Plan Administration team without the need to escalate or justify your needs. A list of some services we provide in support of our ESOP clients include:

  1. Online Services via ESOPConnection
  2. Form design for distributions
  3. Voting of company stock tabulation, either online or by paper ballot
  4. Processing of dividend payments
  5. 1099 processing
  6. Finding lost participant addresses
  7. Tailored Employee Communication Assistance
  8. Consulting on Plan design, scenario projections and strategic planning