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BPS&M ESOP Consulting and Administrative Services

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. Our ESOP professionals average more than 20 years of experience in the ESOP business.
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-corp Anti-Abuse requirements
    • Governmental filings
    • ESOP recordkeeping
    • Communication to participants
    • IRS and DOL corrections support
    • Compliance and governance self-audits