An ESOP creates a direct link between employee productivity and employee benefits. In many companies, an ESOP may be a more effective employee incentive plan than a pension or profit sharing plan. It may also be possible to as much as triple the company's contributions and tax deductions.
Income Tax
Benefit Capital has extensive experience in properly structuring ESOP transactions designed to minimize estate and income taxes while at the same time maximizing shareholder values.
Capital Gains Taxes
If you sell your company to another company, you will pay an immediate capital gains tax, lose control, and probably will not be able to retain any residual equity.
Steve currently works with major corporations and investment bankers to address human resource and employee benefit issues. Some of his career highlights include: developed computer models to analyze investment product risk and profitability; performed initial ERISA actuarial valuations as of 1976 and all subsequent years; drafted plan documents for ERISA compliance and subsequent legislation; functioned as the primary benefit consultant for large controlled groups of corporations; provided plan design and ongoing services for a broad array of employee benefit programs; functioned as a benefit consultant and advisor to many prominent ERISA attorneys; provided expert witness testimony in arbitration and court proceedings; provided actuarial support and due diligence in corporate mergers and acquisitions; negotiated with IRS/PBGC and DOL in settling actuarial and plan audit cases; acted as a liaison between consultants, attorneys, actuaries and recordkeepers for clients; developed procedures and controls and obtained a SAS 70 Level II certification for a recordkeeping operation; provided plan design and consulting for post -retirement medical programs for compliance with FASB SFAS 106; created and implemented client-based systems for data maintenance and benefit computations; performed trading and shareholder service functions for mutual fund processing in defined contribution plans; and structured strategic alliances with trust companies, mutual funds and broker dealers.
Benefit Capital has served as a trusted advisor on more than $5 billion in transactions all across the United States in a variety of industries. In addition, Benefit Capital has six offices across several states and Hawaii providing a variety of services related to ESOPs, ESOP-assisted buyouts, business brokerage, pension plans and related services.