Under ERISA, every ESOP must designate a trustee. This trustee must ensure that the plan is operated for the sole and exclusive benefit of the plan participants and their beneficiaries. The professional fiduciaries at Private Trust Management Group are prepared to serve in the following capacities:

Directed Trustee

Acts at the direction of the Plan Administrator or other third party who makes the prudential decisions and directs the trustee.

Independent Trustee

Makes and implements the prudential decisions for the benefit of the ESOP, the plan participants and their beneficiaries.

ESOP Services

Our services encompass the spectrum of the ESOP trustee’s duties including:

  • Purchase and sale of plan assets during and after formation of ESOP
  • Independent evaluation and supervision of the initial transaction to ensure fairness to the plan
  • Screen, hire and supervise advisors to plan
  • Voting of company stock and other corporate governance
  • Monitor ESOP compliance with trust, plan and loan documents, including DOL, IRS and other applicable laws, rules and regulations
  • Accept employer contributions, manage plan assets
  • Complete participant distributions and statements to participants
  • Comprehensive reporting
  • Supervision of annual audit
Contact Us

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