How to Review your Annual ESOP Administration Report - SES Advisors
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How to Review your Annual ESOP Administration Report

Author: Kyla Dahl

It is important to review your administration report before participant statements and distribution forms are sent out. This is the primary reason that we provide a draft report for the Plan Administrator to approve. It can seem like a daunting task when you receive a 50+ page report from SES Advisors. So below are some tips for items to check when reviewing the report.

Although it may seem counterintuitive, this article will not follow your report from page one to the end. It is best to begin your review with the employee census report, which is actually near the end of the SES report. From this report you can check new participants, terminated participants and the reason for termination, rehires, compensation, and years of service for vesting.This can be a lot of information to go through and verify, so when you are reviewing the census report ask yourself the following questions:

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