Retirement Plan Services
Employee Stock Ownership Plans
An Employee Stock Ownership Plan (ESOP) is a qualified, defined contribution employee retirement plan that invests primarily in company stock. Both public and private companies can establish ESOPs. An ESOP’s unique plan provisions and leveraging capabilities require specialized consulting and expertise. Providing stock ownership benefits is a great way to reward your employees with a benefit tied to your company’s performance while affording the company substantial tax benefits.
Employee Stock Ownership Plans (ESOP) with Watkins Ross
Many companies consider creating an ESOP during their ownership succession planning. ESOPs can provide a ready market for the stock and allow shareholders with management responsibilities to sell gradually and ease out of the business, while deferring taxation on the gains from the sale of their stock. Establishing an ESOP can create a corporate “ownership” culture, enhancing employee performance, job satisfaction and retention; while preserving the company’s legacy and business continuity.
As a 100% ESOP-owned company ourselves, we understand that comprehensive administration of an ESOP is required if a company intends to take full advantage of the financial opportunities sponsoring an ESOP can offer. From initial feasibility and design services to S-Corp anti-abuse testing and periodic repurchase obligation analysis, we help you maximize the benefits of having an ESOP.
Curious if an ESOP is right for your company? Our ESOP Checklist serves as a general guide to help you determine if your company is a good candidate to sell to an ESOP. Our ESOP Brochure includes additional information regarding ESOP plans and the services we offer.
To start your employee stock ownership plan today or for additional questions regarding your ESOP, please contact:
Financial & Management Resources
Employee Stock Ownership Plans
2020 Plan Limits Released
The 2020 Cost-Of-Living Adjustments affecting employee benefit plans include the annual limits for Social Security Taxable Wage Base.
2019 IRS Operational Compliance List
The 2019 IRS Operational Compliance List has been posted! This guide helps plan sponsors understand the compliance changes effective in the upcoming year.
Initial Required Minimum Distributions (Defined Contribution Plans)
Are you meeting the initial required minimum distributions of your contribution plan? Learn more about what conditions need to be met with Watkins Ross!
Who Retains The Beneficiary Forms?
A beneficiary form determine who is entitled to the defined contribution retirement plan benefits upon the death of a participant. Is your form current?
Defined Contribution Compliance Calendar
A qualified retirement plan must meet various requirements throughout the year, check out our defined contribution compliance calendar today!
How to Submit a Federal Withholding Tax Deposit
Although you cannot mail a check for a federal withholding tax deposit, there are a few options to submit these payments to the IRS electronically.