Employee Stock Ownership Plans (ESOPs) are complex, with numerous rules and requirements that are distinct from other qualified plans. An ESOP plan sponsor needs a consultant and administrator with expertise and experience managing these plans. The members of our ESOP Practice Group average more than 26 years of ESOP experience and are prepared to assist you.

Our ESOP experts can help you with:

  • ESOP consulting and feasibility analysis
  • Plan design consulting
  • Testing for compliance with general plan requirements and with requirements specific to ESOPs, including:
    • Release of employer stock from suspense
    • Special testing under Code Section 415
    • Special tax deduction limits
    • Special distribution requirements
    • Restrictions on stock used in a Code Section 1042 transaction
    • S Corporation Anti-Abuse requirements
    • Stock Repurchase Liability Studies
    • Governmental filings
    • ESOP recordkeeping
    • Participant communication
    • IRS and DOL corrections support
    • Compliance and governance self-audits