Employee Stock Ownership Plans (ESOPs)

At Newport, we make the complicated simple. And when it comes to complex employee stock ownership plans (ESOPs), our team of professionals has the right combination of tools, technology, and experience to help you launch and manage an effective ESOP program.

Our consultants have extensive experience developing and administering ESOPs with companies across the country. Newport's professionals have in-depth knowledge of ESOPs, as well as the tax and accounting experience required to successfully manage this type of benefit program.

Our high-touch administrative service is coupled with a consultative approach. We recognize the important impact an ESOP plan has on a company’s financial and tax position, and collaborate with your accountants to fully integrate it into your company reporting. We also work with you if your company is considering an ESOP as a succession planning technique.

Custom Accounting and Reporting

Newport's comprehensive participant accounting services can help you with every aspect of ESOP operation, from census review to Form 5500 preparation and all intervening steps. Unlike some providers, we tailor our software to make allocations as intended by the provisions of an ESOP—rather than allow the constraints of a software system to dictate the mechanics of ESOP allocations.

Similarly, we design a participant statement that works for your employees. We organize the statement with as much or as little calculation detail and explanation as necessary to communicate effectively with your workforce. For the plan sponsor, we customize reporting in a manner that is more meaningful and user-friendly, and can provide the same report sorted by different criteria.

Newport and its affiliates do not provide tax, legal or accounting advice. Clients should consult their own tax, legal and accounting advisors before making any decisions.


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Newport Group, Inc. (“NGI”), an Ascensus Company, and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.

Securities are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Other insurance products may be offered by NGI. For more information, please visit - www.ascensus.com

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, an SEC registered investment adviser and subsidiary of NGI. For more information about Newport Group Consulting and its services, please visit newportgroup.com or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or adviserinfo.sec.gov.

Newport Trust Company is a New Hampshire state-chartered trust company and wholly owned subsidiary of NGI. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.

The views expressed herein are those of NGI and are current only through the date indicated. These views are subject to change at any time based upon market or other conditions, and NGI disclaims any responsibility to revise these materials to reflect updated views. These views may not be relied upon as investment advice and, because investment decisions for NGI are based on many factors, may not be relied upon as an indication of trading intent.