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Employee Stock Ownership Plans (ESOPs)

Specialized expertise and professional oversight for your Employee Stock Ownership Plans.

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There is no question that employee stock ownership plans are the most popular way for companies to share ownership with their employees. In addition to the company receiving valuable tax advantages and flexibility to buy shares in the future, employees also benefit from being part of an employee-owned company. 

Along with significant benefits, complicated fiduciary, administrative, and regulatory issues exist. Alerus Financial helps companies understand and avoid the potential conflicts of interest existing with new or existing ESOPs.

Alerus Financial provides a comprehensive array of fiduciary and administrative services managed by a seasoned team of professionals with diverse experience working with ESOPs and their related transactions.  

Transactional trustee
As a transactional trustee, Alerus Financial maintains independence and objectivity, eliminating conflicts of interest and ensuring compliance with ERISA fiduciary standards. We have experience with a broad array of transactions including:

  • Initial share purchases
  • Sub-S conversions
  • Mergers and acquisitions
  • Corporate re-capitalization
  • Share redemptions
  • Second stage transactions
  • Plan terminations
  • Section 1042 transactions

Ongoing trustee and custodial services
Our fiduciary experience includes ongoing trustee and custodial services for ESOPs and other qualified plans. From transaction processing, to the coordination of participant pass-through voting, Alerus Financial employs comprehensive procedures to ensure efficient and accurate trust administration. Our ongoing trust services includes:

  • Contribution, income, dividend posting
  • Debt service accounting
  • Periodic transfer of released shares
  • Analysis of annual valuation report
  • Distribution processing 
  • Trust reporting
  • Online access for plan sponsors
  • Repurchase obligation analysis

Call or e-mail us today for more information on our comprehensive ESOP services.


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Investment Products: >Not FDIC insured >No Bank Guarantee >May Lose Value