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NCAA member institutions are required to submit financial data detailing operating revenues and expenses related to its intercollegiate athletics program on or before January 15 after the end of the institution’s fiscal year.
An ESOP is a qualified retirement plan sponsored by a company, but unlike a 401K, an ESOP must invest primarily in the stock of the company sponsor and an ESOP may borrow money to finance the purchase of company stock.
Federal law generally requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report, the Form 5500.
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