Understanding ESOPs: Training to be an ESOP Professional
In partnership with UC San Diego Extension
Class begins January 6th and meets every Wednesday from 5PM-8PM PST for 15 weeks
Program Price $2495
Credit: 6 Units
The growing field of employee stock ownership plans represents an attractive career opportunity for young professional business advisors. And, as experienced professional advisors of the “baby boom” generation are retiring, professional firms are in hiring mode. There is both an opportunity and a need, therefore, for new, well-qualified professionals to enter the field.
A challenge, however, is that there have been few effective learning venues in the ESOP field – few places that young professionals can go to gain the knowledge and expertise that are needed in order to practice successfully. Most of the professional firms in the ESOP field - whether trustees, law firms, sell-side advisors, investment bankers, valuation firms or others - are small "boutique" firms. As such, they typically have a very limited capacity to train new employees. This conundrum serves neither the firms that are looking for trained employees nor the (generally young) people who are interested in pursuing a career in the ESOP field.
This course is intended to address this training gap that now frustrates both employers and employees in the ESOP professional fields. Our aim is to prepare individuals to serve successfully as professionals in the ESOP field. Because the course is aimed at professionals in a wide variety of specialized fields, it is necessarily an “ESOP fundamentals” class. As such, it would be expected that follow-on training in a preferred area of specialization (such as financing, sell-side advising, administration, fiduciary service, etc.) will thereafter be pursued in order to qualify an individual as fully trained professional in the specialized field.
Presented by the University of California San Diego’s Rady School of Management, this course is designed as a graduate-level program. Thus, while the course does not require substantial expertise in ESOPs in order to enroll, an appropriate level of education and expertise in business matters will be necessary. Specifically, enrollment will require that the student must have a four-year college degree together with at least three years of work experience (in an area such as banking, finance, accounting, law, human resources, etc.) and/or specialized training (e.g. a degree in business, finance, accounting, law, etc.) that provides the student with a solid background in business fundamentals generally.
Administering Your ESOP: Company Responsibilities (Now Online!)
January 11th, 13th, 15th, 18th, and 20th, 2021
Program Price $1,295 ($200 discount if you register before 12/27/2020); $1,595 for two registrations (from the same company)
So your transaction has closed and your ESOP is up and running. What will it take to assure that the program is operated correctly, effectively, and efficiently?
Yes, if you have properly prepared, you will have lots of help with this responsibility: a third party administration firm (TPA); a Trustee; ESOP legal counsel; and a good CPA. But your own company management will need to know how to interact with these helpers. What will they need from your CFO, from your HR director, from your CPA? Who in your company will need to do what, and when?
The consequences of mistakes can be very costly – not only in dollars, but in upset employees, visits from government regulators, and other very undesirable outcomes.
This management education course is ideal for:
- The management team at companies that have just implemented a new ESOP
- CFOs, HR directors and others who have just recently joined a company that has an existing ESOP
- Those who have been involved in ESOP administration for some time, but would benefit from a comprehensive, expert-led review of these responsibilities
The Beyster Institute has assembled an instructor group featuring highly regarded experts from across the US. This will be a very hands-on program, with extensive opportunities for small group workshops and personal interaction with the instructors. Please plan on a pre-program conference call with the instructors will let you know how to prepare for the course, what materials you should bring with you, etc.
Ultimately, the successful operation of your ESOP is your company’s responsibility. This program is well, well worth the price of admission. As they say, an ounce of prevention…
Agenda: COMING SOON
- Kim Blaugher, Beyster Institute, Executive Director
- Jennifer Briggs, Beyster Institute, Senior Strategic Consultant
- Howard Kaplan, Kaplan Fiduciary, CEO/President
- Renee Lewis, Holland & Knight, Partner
- Sandy Shoemaker, Plante Moran, Partner
- Rebecca Hoffman, Principal Financial Group, Senior ESOP Consultant
- Nick Braun, Chartwell, Director
- Kevin Trieber, Bank of America, Senior Vice President