EP42 – Interview with Greg Daugherty, ESOP attorney from Columbus OH to discuss 401(k), ESOPs and KSOPs.

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.