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There are several advantages that only an ESOP can offer. In addition to providing a substantial retirement benefit to employees, an ESOP can be used to provide significant capital for growth in a company. An ESOP is also an extraordinary program to provide a succession plan for business owners. In addition, statistics show that employee-owned companies are more successful (Rutgers University Study, 2000), since employees have the opportunity to participate in the success of the company. Allocated stock in an ESOP will accumulate on a tax-deferred basis. A tax deduction is available for dividends on ESOP stock. At retirement, special tax treatment is available for the appreciation on stock holdings in the employee’s account.
USI Consulting Group Provides Comprehensive ESOP Services
We provide assistance with establishing and maintaining an ESOP for your company. Our ESOP experts offer a full menu of services related to design and implementation of your ESOP. We provide comprehensive administration, recordkeeping and compliance services. In addition, we can develop a customized communication and education campaign to ensure your employees understand and appreciate the valuable benefit offered through your ESOP. We also coordinate and complete all the required regulatory filings. All services are delivered on a cost-effective basis. USI Consulting Group will be your strategic partner in designing and maintaining your ESOP.
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