An employee stock ownership plan (ESOP) offers an exceptional method for employers to provide equity ownership and thus a stake in the future of the overall enterprise to their employees, in our experience, often leading to increased employee satisfaction, motivation and retention.
As a Defined Contribution Plan, ESOPs are subject to the same general qualification requirements under ERISA Law as other defined contribution plans, such as 401(k), 403(b), or 401(a)s, but there are several distinguishing characteristics, tax advantages and rules plan fiduciaries must adhere to in order to meet regulatory guidelines and maximize the potential of this very attractive benefit offering.
As a full-service retirement plan consulting firm, Strategic Retirement Partners has a dedicated team of ESOP specialists, who can help your investment committee manage both the plan benefit and your obligations under ERISA.
ESOP consulting and management services include (but are not limited to):
Please contact us for any questions or assistance regarding your company ESOP plan.
Arkansas & Southern Missouri