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PRESS RELEASE – Technomics, Inc. Benefits Employees with Stock Ownership Plan

ESOP Industry NewsMay 13, 2011

FOR IMMEDIATE RELEASE Technomics, Inc. Benefits Employees with Stock Ownership Plan Arlington, VA – January 26, 2010 Rick Collins, President and CEO of Technomics, proudly informed employees on January 26, 2010 that the Company formed an Employee Stock Ownership Plan (ESOP) and, in doing so, has joined the growing list of companies whose employees are…

New Law on S-ESOP Prohibited Allocations

New ESOP RulesMay 11, 2011

MEMORANDUM From: Legal Department Date: January 2008 Subject: Prohibited Allocations in S Corp ESOPs Section 409(p) of the Code, which was enacted as part of the Economic Growth and Tax Relief Reconciliation Act of 2001, sets forth anti-abuse rules for ESOPs that are maintained by S corporations. The following is to summarize the restrictions of Section…

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PRESS RELEASE – Technomics, Inc. Benefits Employees with Stock Ownership Plan

New Law on S-ESOP Prohibited Allocations

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