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ESOPs – AN INNOVATIVE STRATEGY FOR CLOSELY HELD COMPANIES

Verisight works with business owners to understand your goals. With a thorough understanding of your objectives, we offer innovative strategies for business owners who are looking for pre-retirement diversification of ownership in the business or considering the transfer of ownership to employees as a succession planning technique.

Understanding the challenges and benefits of ESOPs. Since an ESOP can be used to satisfy many different objectives, it is essential to work with a provider who understands the alternatives and their subtleties. Our experienced consultants who work exclusively with ESOPs have in-depth knowledge and tax and accounting experience to help you ask the right questions and understand the benefits and intricacies associated with an ESOP.

Plan design and implementation. If you decide that an ESOP is right for your company and employee culture, our consultants will help you design and implement a plan that meets your unique goals and objectives.

Ongoing administration and advisory services. Our administration services are comprehensive and supported by a two-tier review system that is unique to the industry.

Our services include:

• Design and implementation
• Annual recordkeeping and reporting
• Plan documents
• Repurchase liability studies
• Feasibility studies
• Employee communications

Verisight: truthful insight.
"Veri" stems from veritas, Latin for truth.
"Sight" derived from "insight", the ability to perceive clearly and deeply.


WHAT'S NEW?

November 18, 2014
Verisight, Inc., a recognized leader in comprehensive retirement plan services and consulting solutions, announced today that Laura Ramanis will join the organization’s leadership team as Chief Operating Officer, effective November 17, 2014. Read the full release.

October 24, 2014
The 2015 Cost of Living Adjustments have been released by the Internal Revenue Service. Each year, the IRS is required to review and adjust the dollar limitations on benefits and contributions under qualified retirement plans to account for cost of living increases. Some limitations will remain unchanged because the increase in the Consumer Price Index did not meet the statutory thresholds for their adjustment. However, other limitations will increase for 2015. View the 2015 limits.

October 23, 2014
Verisight will be hosting a series of 401(k) Boot Camps in November for our 401(k) plan sponsor clients.  Invitations to this 3 part series can be downloaded here.

This program will provide tools to help in-house plan sponsor staff operate their retirement plan correctly. Over the course of 3 webcasts, Verisight will cover basic in-house 401(k) operations from the employer’s perspective to give your team information to help avoid common operational errors.

October 15, 2014
The Newport Group, Inc. and Verisight, Inc. today announced they will be joining forces to increase the size, scale and reach of their respective businesses. Under the terms of the agreement, the holding company of Verisight. Read the full release.