ESOP Recordkeeping & Administrative Services
During our more than 25 years of Employee Stock Ownership Plan (ESOP) experience, thousands of companies have come to rely on the accuracy of our work and the timeliness of our services.Recordkeeping services
Our proprietary recordkeeping system is designed specifically around ESOPs, 401(k) plans, and other plans involving employer securities. Our system has virtually unlimited capabilities when tracking the many unique attributes of ESOPs.
Administrative services
We team with clients by taking a proactive role in the day-to-day administrative services of their plan. ESOP administrative services include:
- Share- and unit-accounting options
- Automated multiple daily trading times (public only)
- Electronic processing of dividend pass-through services
- Proxy tabulation and voting services
- Allocating contributions, forfeitures, dividends (c and s corporations) and investments gains or losses
- Plan and governmental audit assistance
- Plan compliance testing capabilities, including for combined testing for clients with multiple plans
- Distribution processing and tax reporting
- Tracking and calculating cost basis with full tax reporting
- Monitoring of diversification requirements
- An annual meeting with your ESOP service consultant
- Participant and plan sponsor website access to view account information
- Preparation of customized individual participant statements
- Preparation of the Annual Return (Form 5500 Series) and Summary Annual Report
