Compliance August 2, 2011

IRS ESOP Review Worksheet Revised

The Internal Revenue Service has created a revised Employee Stock Ownership Plan (ESOP) Review Worksheet to be used for plans’ initial review.
Reported by

The National Center for Employee Ownership (NCEO) reports that the three-page worksheet is meant to be used as tool to help design ESOP documents that meet regulatory requirements.  

The worksheet is at http://www.irs.gov/pub/irs-tege/esop_worksheet_0811.pdf
Products August 2, 2011

Huntington Launches Disciplined Equity Fund

Huntington Funds has launched the Huntington Disciplined Equity Fund, which aims to provide steady returns in an unstable market.
Reported by

The fund, offered in Class A: HDEAX and Trust Class: HDETX, takes a disciplined approach to investing that seeks positive annual returns with lower volatility, while also pursuing protection during unforeseen crises that can negatively impact the market and investors’ portfolios. Donald L. Keller will manage the fund. 

The fund invests in dividend-paying stocks in the S&P 100 Index, which includes stocks from 100 U.S. companies diversified across many industry groups. The fund has a primary investment objective of capital appreciation, the announcement stated, and mitigates risks and generates additional cash through two option strategies known as ‘puts’ and ‘calls.’ 

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Keller, who is president and chief investment officer at Haberer Registered Investment Advisor, Inc., has nearly three decades of investment management experience. 

“The experience and talent that Huntington is able to bring to the table is something that investors can trust in,” said Keller. “No matter what lies ahead, their investments are well-positioned to help meet their goals – both in good times and bad.”

«