Transactional ESOP Trustee Services
As a professional Independent ESOP Trustee, Satulah Fiduciary utilizes its ERISA compliance expertise, business judgment, valuation expertise, and a structured due- diligence process to ensure that your transaction is DOL compliant and poised for long-term success.
For any given transaction, the Ongoing Trustee may have a conflict of interest or may not want the responsibility of serving as Transactional Trustee. Therefore the ESOP may consider engaging a Transactional Trustee to evaluate a proposed transaction and ensure that it is providing fair value for the employees and that the deal is structured in their best interest.
Ongoing ESOP Trustee Services
As an Ongoing ESOP Trustee, Satulah acts as a fiduciary on behalf of your plan's employees. Our primary role as Trustee is to protect plan participants, coordinate the annual valuation of the plan sponsor's stock, and ensure that the plan is being administered in compliance with your plan's documents.
Beyond ensuring that your ESOP is running smoothly, we also meet with company management and its Board of Directors on a regular basis to monitor overall performance and the financial condition of your business. Satulah's financial expertise, business judgment, and compliance efforts help to ensure the long-term viabilty of your ESOP, and assist in your efforts to achieve the real cultural and performance enhancements ESOPs can provide to your organization.
Specific Responsibilities of the Ongoing ESOP Trustee Include:
- Hiring a Valuation Firm and Coordinating the Annual Share Price Valuation Process
- Voting Company Stock held in the ESOP Trust
- Fiduciary Oversight of Plan Assets
- Planning Around the Repurchase Liability
- Assisting with Participant Education
- ERISA Compliance
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