Blue Ridge ESOP Associates
Blue Ridge ESOP Associates is the largest independent ESOP and 401(k) Third Party Administration and Recordkeeping firm, offering comprehensive services and innovative tools like ESOPConnection™ for plan management.
History of Blue Ridge ESOP Associates
Founded in 1988, Blue Ridge ESOP Associates was established to provide high-quality, technically proficient, independent administration and recordkeeping services for employee benefit plans. Over the years, the company has grown to become the largest independent ESOP and 401(k) Third Party Administration and Recordkeeping firm. Blue Ridge ESOP Associates has expanded their services and innovations, becoming the first to offer a comprehensive online tool, ESOPConnection™, enabling clients to manage their ESOPs online.
ESOPConnection™ Tool
Blue Ridge ESOP Associates developed ESOPConnection™, a comprehensive ESOP administration tool designed to support internal plan administrators, plan trustees, and employees. This online service allows for efficient plan administration and recordkeeping, providing clients with the ability to manage their ESOP online and offer employees direct access to their plan information.
ESOP and 401(k) Administration Services
Blue Ridge ESOP Associates offers high-quality ESOP and 401(k) administration services. They provide tailored administration and recordkeeping services for both S- and C-corporations with Employee Stock Ownership Plans (ESOPs), as well as 401(k) plans. Their services range from plan design, installation, and recordkeeping to comprehensive administration and consulting.
Professional Team at Blue Ridge ESOP Associates
The team at Blue Ridge ESOP Associates includes experienced finance professionals, CPAs, and an attorney who handle issues related to the IRS, Department of Labor, and Department of Treasury. This expertise allows the company to provide coordinated and compliant administration services for their clients' employee benefit plans.
Specialized Services and Technology
Blue Ridge ESOP Associates employs advanced census scrubbing technology for plan administration and compliance, enhancing the accuracy and efficiency of their services. They offer a comprehensive suite of ancillary services, including distributions and 1099 processing. Additionally, they provide dedicated employee communication assistance and integrated solutions through a coordinated team of ESOP and 401(k) specialists.