Archive: employee stock ownership plan

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Valuation Hindsight Challenged in Recent ESOP Case

A recent U.S. District Court opinion has reiterated the principle that valuations should be based on information known or knowable as of the valuation date. In the case of Fish, et al. v. GreatBanc Trust Company, et al., Case No. 1:09-cv-01668 (N.D. Ill. Sept. 1, 2016), a valuation expert’s opinion was rejected because it relied […]

M&A Shop Talk – Employee Stock Ownership Plan

If you own a small, profitable business and are looking for an alternate exit strategy, an employee management buyout via a leveraged Employee Stock Ownership Plan (ESOP) might be ideal for you. For general background information on how an ESOP buyout mechanically works, including the financing arrangement intricacies, please visit the National Center for Employee […]

ESOP Valuations: Are You Performing Your Fiduciary Responsibilities?

Employee Stock Ownership Plans (ESOPs) are increasingly becoming a target for review by the Department of Labor (DOL) due to the additional degree of difficulty and complex structure associated with these benefit plans. Aronson recently attended the annual conference for the National Center for Employee Ownership (NCEO) which confirmed one of the significant areas drawing […]

Understanding Employee Stock Ownership Plans

Our dedicated team of employee benefit plan auditors focus on all types of plans and have significant experience with ESOPs, including: Newly implemented plans with their first leveraged or non-leveraged stock transaction Resolving errors noted in the annual ESOP valuation Resolving allocation errors noted in the annual recordkeeping for the plan Terminating plans Plans with […]