WebDec 1, 2014 · The Settlement Agreement stems from an ESOP transaction involving Sierra Aluminum (the “Company”) as the sponsoring ESOP Company and GBTC as the ESOP Trustee. In a lawsuit filed against GBTC, the DOL alleged that GBTC inappropriately relied upon financial projections provided by the Company. WebAs your trustee, GreatBanc Trust Company will: Produce the ESOP’s annual valuation Review plan documents for ERISA compliance and administrative efficiencies Maintain state-of-the-art operational systems, and establish comprehensive policies and procedures to efficiently handle all matters of trust administration

What you need to know about ESOP valuation season - McDonald …

WebThis publication, whose coauthor Ted Becker represented GreatBanc in the negotiations with the DOL that led to the GreatBanc Fiduciary Process Agreement, is intended to be a resource to those who seek to use the fiduciary process agreements as a guide to an ESOP trustee's obligations. WebGREATBANC TRUST COMPANY, ) ) Defendants. ) _____ CLASS ACTION SETTLEMENT AGREEMENT . This CLASS ACTION SETTLEMENT AGREEMENT (“ Settlement … ova divisions

US Department of Labor recovers $131.8M for Wells …

http://greatbanctrustlitigation.com/ WebDOL-GreatBanc Settlement Agreement Specific steps include: Hire Valuation Advisor who is -Independent –has not previously worked for the sellers or the sponsor-Qualified Understand the information used to perform the valuation For comparable companies used in the valuation: Determine comparability of the selected companies WebCOMPARISON OF GREATBANC TRUST COMPANY (GB) PROCESS AGREEMENT, FIRST BANKERS TRUST SERVICES (FBTS) SETTLEMENT AGREEMENT, JOYNER SETTLEMENT AGREEMENT, ALPHA INVESTMENT CONSULTING GROUP (AICG) SETTLEMENT AGREEMENT AND LUBBOCK NATIONAL BANK (LNB) SETTLEMENT … ovadi peter