ESOP Consulting

ESOP consulting services

Structured planning to increase retention

Liquidity, transition and employee retention.
It’s a win-win strategy.

If your organization has chosen to pursue an ESOP as a succession strategy, you’ll need a partner who understands the ins and outs of ESOP rules and regulations, tax benefits and liquidity options. Whether you’re just considering an ESOP or are managing an existing ESOP, you can rely on Boyum Barenscheer’s team of specialists to guide you through the planning, manage the process and maximize the benefits.

Our ESOP services

  • ESOP plan audits (ERISA)
  • ESOP projections and cash flow forecasting
  • ESOP feasibility analysis
  • ESOP design consulting and documentation6
  • Section 1042 consulting
  • Finance structuring
  • Evaluation and restructuring of existing ESOPs
  • Repurchase obligation consulting
  • Trustee/fiduciary consulting

Other services used by our clients


Minnesota/Dakotas Chapter of the ESOP Association


What is an ESOP?

An ESOP is a defined contribution plan that buys the stock of a company the employees work for.

What is a 1042 transaction?

It is a way to defer taxes on the transaction by the seller – think of it as a like kind exchange.

What are the pros and cons of an ESOP?

Many pros, one of the largest, is a 100% ESOP that is a S-Corp pays no taxes.

Are ESOP distributions taxable?

Yes, just like 401(k) distributions, taxable when withdrawn from the plan.

What are the ESOP distribution rules?

Same as 401(k) rules, but there is a diversification option.

Can owners still work in an ESOP?

Yes, as long as they are still employees.

Who is a good candidate for an ESOP?

Companies with a strong team and entrepreneurial culture that through retirement contributions to the plan can fund a stock redemption.

Contact Charlie for more info

Charlie Metzig, CPA

From his start at Boyum Barenscheer several years ago, Charlie Metzig has continually led others in the firm’s Audit Department and now holds the role of Managing Partner. In addition to that, his focus is on the engineering industry, professional services, manufacturing and distribution, ESOPS and audits of employee benefit plans…