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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?

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.

March 18, 2014
Verisight Expands Institutional Sales Team
Verisight, Inc., a privately-held, national corporation that offers comprehensive retirement plan services and consulting solutions announced the hire of Ross Brown as Senior Vice President of Institutional Sales. Read the press release.

January 28, 2014
Adviser Relationships Key in Acquisition. Last week, Verisight, Inc. announced it is acquiring retirement and benefit plan service provider DailyAccess Corporation and its subsidiaries. Read the full article.

January 23, 2014
Verisight, Inc. (Verisight), a recognized leader in comprehensive retirement plan services and consulting solutions, today announced the acquisition of DailyAccess Corporation (DailyAccess). DailyAccess, along with its subsidiaries, InterServ, LLC and DailyAccess Health and Welfare, LLC, provides retirement and benefit plan services for advisors, employers, and employees. Read the Full Release.