Employee Stock Ownership Plans
An Employee Stock Ownership Plan (ESOP) is a defined contribution plan which makes
the employees owners of the company. As owners, employees may be more motivated
to improve corporate performance because they can benefit directly from company
profitability. The primary investment of the ESOP must be company stock, although
most plans will also include a cash fund for transactions.
Nyhart provides the following consulting and administration services for ESOP's:
- Initial feasibility study
- Allocation and statement preparation
- Actuarial repurchase study
- Government compliance
- Form preparations
- Document preparation
Since Nyhart is an ESOP, we bring an insight to ESOP's which other non-ESOP firms
cannot match, including the use of actuarial oversight on repurchase studies.