Most privately held companies rely on physical share certificates which serve as the official record of ownership. This practice requires ESOP Companies to maintain share certificates in the name of the ESOP for the shares owned by the ESOP. Those share certificates are generally held by the trustee of the ESOP.
Topics: Certificates
Blue Ridge ESOP Associates can provide everything you need to administer your ESOP, 401(k) or combination ESOP/401(k) plan. Our full service outsourcing, which can include participant on-line services, provides worry-free assistance for your HR or Benefits staff, leaving them free to concentrate on other responsibilities.
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