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ESOP Success Starts Here: Avoiding Commons Mistakes

Webinars

Continuing Education Credit Offered: CPE, SHRM, Generic

When managed well, ESOPs create meaningful benefits for employees, reward sellers, and strengthen a company’s financial position. However, certain missteps can lead to legal challenges, fiduciary risks, and diminished employee trust. This session examines real-world examples to highlight common ESOP pitfalls and emphasizes strategies to prevent them. Learn practical strategies to protect your company, your plan fiduciaries, and your culture from avoidable mistakes.

Learning Objectives

1. Identify the most significant and common legal risks ESOP companies face and explore potential solutions.
2. Learn best practices to proactively prevent fiduciary and compliance issues before they arise.
3. Examine how ESOP missteps impact company culture and employee trust and discover strategies to maintain a strong, engaged workforce.
4. Gain insights from real-world examples to develop strategies that enhance ESOP sustainability and long-term success.

Coming soon.

Presenters

Andy Manchir headshot

Andy Manchir

Andy is a director in Katz, Sapper & Miller's Valuation and ESOP Services Groups. Andy helps clients understand the value of their business and advises them on succession planning options, including ESOP, third-party sales, or family transitions. He has extensive experience with feasibility studies for business owners considering an ESOP, ESOP structuring and financing, and valuations and opinions needed for ESOP formations, updates, and terminations. Additionally, Andy has performed business valuations for several other purposes, including valuations for estate and gift, mergers and acquisitions, and litigation support. He is an active member of the NCEO and the ESOP Association (TEA) and serves on TEA's Valuation Advisory Committee. Andy is a Certified Exit Planning Advisor (CEPA), an ASA (Accredited Senior Appraiser), and a Certified Management Accountant (CMA).
Thomas P. Stafford headshot

Thomas P. Stafford

Tom Stafford dedicates his practice to advising clients on a broad range of issues relative to the maintenance and compliance of qualified retirement plans, executive compensation and health and welfare plans. Mr. Stafford concentrates primarily on the design and implementation of ESOPs and related ESOP Fiduciary issues. Mr. Stafford also advises clients with respect to a variety of health and welfare plan issues arising under the Employee Retirement Income Security Act of 1974 ("ERISA"), and provides guidance to group health plan sponsors with respect to HIPAA privacy, security and nondiscrimination requirements, COBRA continuation coverage requirements and mandates established under the Affordable Care Act.

Thank you to our Sponsors

Blue Ridge
Chartwell
KSM
McDermott Will & Emery
PCE Investment Bankers, Inc.
Prairie
Praxis
Strategic Talent Partners
Texas Center for Employee Ownership