Navigating ESOP Valuations: A Crucial Update on DOL Regulations

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).

Mike works closely with clients to develop strategies to eliminate or minimize risk when denying or reducing benefits or responding to government inquiries. In addition, he advises employers and service providers in creating policies and procedures when implementing, changing, denying, or reducing benefits for welfare and pension plans, and in dealing with retirement plans and the Employee Retirement Income Security Act (ERISA).