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Mary Bailey

Administrator

Mary Bailey, graduated from Purdue University in 1979 with a Bachelor of Science in Mathematics. She has earned her Qualified 401(k) Administrator (QKA) and Qualified Pension Administrator (QPA) professional designations from the American Society of Pension Professionals & Actuaries.

 

Mary has more than thirty years experience in the benefits administration field and is an expert on the design and implementation of Employee Stock Ownership Plans (ESOPS). A long-term  Nyhart consultant for more than twenty five years, Mary regularly advises her peers on complex administration matters and provides clients with insights to maximize the value of their ESOP offering.


Mary has three children with the youngest in college. She enjoys running and has ran in the Chicago Marathon.

Areas of expertise

Employee Stock Ownership Plan (ESOP), 401(k), Defined Contribution, Defined Benefit, Nondiscrimination Testing, and Compliance Testing

Ask Nyhart articles written by Mary:

  • Who must make participant fee disclosures under ERISA §404(a)(5)?

    Disclosure is the responsibility of the plan administrator as defined in the plan document.  Absent a designation of someone as the plan administrator, the employer shall be the plan administrator. [...]

  • How must disclosure be made under ERISA §404(a)(5)?

    Disclosure must be made to plan participants and beneficiaries who can direct their investments. The designated investment alternative information must be disclosed using a comparative format.  The DOL has issued [...]

  • What is an ESOP?

    An Employee Stock Ownership Plan (ESOP) is a tax qualified defined contribution retirement plan that is primarily invested in employer stock.  An ESOP is similar to a Profit Sharing Plan.  [...]

  • What are the tax advantages to an ESOP?

    Similar to other types of retirement plans, ESOPs do offer tax advantages. Contributions to ESOPs are tax deductible up to certain limits. The contributions can be made in cash or [...]

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