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Employee Stock Ownership Plans: Plan Services

An Employee Stock Ownership Plan (ESOP) is a type of tax-qualified Defined Contribution retirement plan, in which employees have partial ownership of your business.

Consulting

We service hundreds of retirement plans with employer stock. That puts us in a unique position to assist you with more than just the services for administration of your ESOP. Our ESOP consulting services include:

  • Financial analysis and design
  • Transaction structure modeling
  • 409(p) projections
  • Repurchase liability planning
  • Executive compensation benchmarking
  • Executive compensation design
  • Nonqualified plan design

Communication & Education

Together with your management team, we can help identify specific ESOP communication needs. Our staff can work with you to develop and deliver tailored communication programs that help build employee support for your retirement plan and encourage employees to participate. Services include:

  • Rollout services
  • Customized communication plan for your participants
  • Leadership coaching to effectively educate participants
  • Help in creating a user-friendly summary plan description
  • Transaction-related custom communications
  • Participant education related to tender offers and voting directions
  • ESOP communication and administrative advisory committees
Project repurchase liabilities with My PERLS®
You can project repurchase liabilities and thus manage your fiduciary responsibilities with My Principal ESOP Repurchase Liability Solution® (My PERLS®).

Automate ESOP distribution processing with Principal e-Distribution ServicesSM
Enjoy one of the first fully automated, front-to-back distribution services for private ESOP and KSOP clients.

Simplify diversification with Principal e-Diversification ServicesSM
Make the diversification administration process less cumbersome by allowing participants to easily and efficiently make their elections electronically.

Manage multiple retirement plans with Principal Total Retirement SuiteSM
Have multiple retirement plans? Using the same service provider can save time and money. Let us help you with a true, simple integration of your ESOP and other retirement plan services.

Use administration & recordkeeping services
Our proprietary recordkeeping system is specifically designed to work with ESOPs, 401(k)s and other retirement plans involving employer securities.

Stay informed with the ESOP Edge Newsletter
Access timely and relevant news and information about industry issues affecting ESOP securities.

Have questions? Contact a local representative today for more information or to find a financial professional in your area.

Have a question? Call us at 1.800.986.3343

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Securities offered through Princor Financial Services Corporation, member SIPC