ESOP Nuts and Bolts: What You Need to Know About Employee Stock Ownership Plans
August 29, 2017 :: Oconomowoc, WI
From Our Meeting Series ESOP Nuts and Bolts
This meeting covers the essentials of how an employee stock ownership plan (ESOP) works. Held at a leading ESOP company, it also provides an opportunity to learn about employee ownership from employee ownership companies. The session is aimed at people thinking about an ESOP, but may also be useful as a review for people in ESOP companies who want to know more about how the plans work.
This event has already taken place. Please see our upcoming in-person meetings and Webinars.
August 29, 2017
Welcome and Introduction
Dallan Guzinski, National Center for Employee Ownership
A Seller's Story
Terry Leahy, Oconomowoc Residential Programs, Inc.
What Is An ESOP and What Can You Use It For?
Steve Huff, Reinhart,Boerner,Van Deuren,s.c.
What's Your Company Worth? ESOP Valuation
Scott Miller, Enterprise Services, Inc.
Aaron Juckett, ESOP Partners
Terry Leahy, Oconomowoc Case Study
ESOP Plan Designs That Work
Scott Freund, Blue Ridge ESOP Associates
How to Finance an ESOP
Dick Shuma, Prairie Capital Advisors, Inc.
Who Runs This Thing? ESOP Fiduciary Issues
John Michael (Mickey) Maier, Professional Fiduciary Services, Inc.
Small Group Discussions
Scott J. Freund
Blue Ridge ESOP Associates
Scott is a director for Blue Ridge ESOP Associates. He has more than 21 years of experience providing plan administration services and consulting advice to ESOP companies. Scott works closely with plan sponsors, accountants, advisers, and legal counsel to provide guidance on plan design and to resolve plan issues such as compliance matters and audit discrepancies. He is a member of the NCEO, the ESOP Association, and ASPPA. He is also a member of the ESOP Association's Administration Advisory Committee.
National Center for Employee Ownership
Dallan is the director of workplace development at the NCEO. He works closely with employee-owned companies to more effectively engage employees on how to improve their businesses and assess the quality of their cultures. He helps companies develop and administer employee surveys to assess the strengths and weakness of each company's culture or create more effective improvement strategies so that they may continue taking full advantage of employee ownership. He is also an active contributor to NCEO meetings, publications, and webinars.
Reinhart, Boerner, Van Deuren s.c.
Steven D. Huff chairs Reinhart's Employee Benefits department and the firm's ESOP practice group. Steve advises clients on issues involving the design and implementation of ESOPs, and has helped numerous clients establish and maintain ESOPs. He also assists ESOP fiduciaries in complying with their fiduciary duties and avoiding liabilities. Steve conducts fiduciary reviews of ESOPs, which are designed to identify and correct legal, fiduciary and operational problems in ESOPs. He also frequently presents on ESOP and fiduciary duty issues.
ESOP Partners LLC
Aaron is the president and founder of ESOP Partners LLC, an ESOP consulting and administration firm. Aaron has provided feasibility, implementation, ongoing administration, repurchase obligation forecasting, and other consulting services to hundreds of ESOP companies, developed ESOP information systems, and audited qualified retirement plans. He is also the author of the One-Stop ESOP Blog (www.onestopesopblog.com).
Oconomowoc Residential Programs
Terry is the Chief Operating Officer of Oconomowoc Residential Programs, a provider of services to people with disabilities and proud member of NCEO's Employee Ownership 100. ORP's 2,400 "Co-Owners in Care" celebrate employee ownership while making a positive difference in the daily lives of 1,700 of our society's most vulnerable individuals. ORP converted to 100 percent employee ownership in 2016 as a key step in the succession plan for its CEO, Jim Balestrieri, who founded the company 32 years ago.
John Michael (Mickey) Maier
Professional Fiduciary Services LLC
Mickey is a president of Professional Fiduciary Services LLC in Milwaukee WI. He serves as an independent transactional fiduciary, ongoing trustee, or board member for a number of ESOP companies.
Scott is the founding partner of ESI, which provides financial consulting services to private business, specializing in management buyouts, business valuations, fairness opinions and ESOPs. He is a nationally recognized authority working with hundreds of business owners, has authored five books on mergers, acquisitions, and transaction planning, and he publishes frequently in major professional journals. He graduated from Kenyon College and holds an MBA from Cornell University Johnson Graduate School of Management.
Richard P. Shuma
Prairie Capital Advisors, Inc.
Dick has a 35+ year career advising corporate clients on capitalization structures, value enhancing business strategies and alternatives to efficiently realize on the value that they have created. Through his career, he has represented both corporate and investment banking disciplines leading and participating in a wide range of traditional and leveraged financings, strategic advisory engagements, buy and sell-side M&A engagements and various other capital raising engagements. Through the past 8-years he has focused his advisory work heavily on the ESOP as a transition vehicle. He continues that body of work at Prairie Capital Advisors. He is a frequent speaker within the ESOP community as well as guest lecturer and panelist in the corporate finance, valuation and M&A disciplines at the University of Chicago, Northwestern University, DePaul University, The Loyola University Family Business Center, The Entrepreneurship Institute, and multiple other related organizations.
The meeting will be held at Oconomowoc Residential Programs, Inc, located at 1746 Executive Drive., Oconomowoc, WI.