Employee Stock Ownership Plans

Experience you can trust for your ESOP transition.

An Employee Stock Ownership Plan—or ESOP—offers a tax-effective alternative for business owners wishing to cash in on the value of their businesses and exit the business while ensuring the continuity of the company. Through an ESOP, owners sell some or all of their shares to employees via a qualified retirement plan. As a 100% ESOP company ourselves, NJE has an intimate knowledge of what it takes for a successful ESOP transition. We can provide you with the education and counsel you need to take advantage of this option and reap the many rewards of employee ownership.

The choice of leading ESOPs.

More and more companies are taking advantage of the many benefits ESOPs provide. And they’re turning to NJE for the assistance they need. NJE has helped numerous reputable ESOP organizations make a successful transition, including Kenneth’s Hair Salons & Day Spas and Roush Honda. Our proven experience combined with straight talk from our knowledgeable professionals makes NJE a resource you’ll want on your side during your ESOP transition.

Expertise for every phase of the ESOP process.

NJE's ESOP professionals can help you navigate every step of the ESOP transition, turning challenges into bottom line results for your business:

  • Review of financial statements needed for the initial company valuation
  • Design and submittal of plan documents for IRS approval
  • Recommendations for experienced valuation firms, plan administrators, transactional trustees, and other parties involved in the process
  • Coordination of all parties
  • Assistance with plan implementation
  • Review and presentation of financial statements for annual ESOP valuations
  • Annual audit of financial statements
"Bringing NJE on board is one of the best decisions I made. They provided the expertise, resources, and support to handle many of the complex and technical aspects of the ESOP. We continue to consult with NJE regularly on plan rules, and they help us amend documents as needed. They have a real passion for ESOPs, and they do the research to make sure our plan continues to meet our needs."

John McElheny, Chief Financial Officer
Kenneth’s Hair Salons & Day Spas
100% Employee-Owned Company