Everyone that is familiar with ESOPs knows that they are a different animal that requires unique knowledge. We have significant experience in implementing, running, and winding down ESOPs for large and small companies. Our expertise includes:
  Participant Recordkeeping and Reporting
   We do the maintenance of individual accounts and preparation of the participant statements.
  Plan Design
  Nothing is worse than an ESOP that is not established properly. We consult with our clients on the benefits of leveraging, expected cash flow, and dilution potential before the plan is put in place.
  Business Risk
  Determination of emerging liabilities due to expected benefit payments.
  Participant Access
  Web and voice response systems that can combine ESOP reporting with other plans that participants may be active in.
  Open Architecture
  This makes a broad selection of investment vehicles possible.
  Preparation of Required Government Filings
  We prepare signature ready forms such as:
 
  • Form 5500 and supporting schedules
  • Schedule E
  • 1099R and Form 945
  • Summary Annual Reports
   
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