ESOP Partners Adds Three ESOP Professionals To Its Team, Opens East Coast Office

Posted by Aaron Juckett, CPA, CPC, QPA, QKA on Wed, Sep 04, 2013
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Lisa Gotberg Mike Bertram Michael Young Join ESOP Partners        

APPLETON, Wis., (September 4, 2013) — ESOP Partners, an ESOP consulting and administration firm serving clients across the country, today announced the strategic hiring of three new team members, one located in the firm’s new East Coast office. This move supports the company’s strategy to help clients maximize the potential and long-term success of their ESOP throughout the lifecycle of the ESOP and expands the firm’s geographic footprint.

Lisa Gotberg joins ESOP Partners as Senior ESOP Administrator and will be working from the firm’s new Connecticut location. Lisa brings 20 years of financial experience working with financial systems, analyzing financial data and providing client support and confidence in their financial decisions. Prior to joining ESOP Partners, Lisa worked for Reflexite Corporation as a financial analyst and benefits administrator, responsible for the management and administration of the company’s ESOP; she also served as a business and financial analyst for Connecticut Mutual and The Hartford Insurance Company.

Mike Bertram, a Qualified 401(k) Administrator (QKA), joins the company as ESOP Administrator, bringing more than 13 years of experience in ESOP plan administration, wealth management, and accounting client services. Prior to joining ESOP Partners, Mike worked for the BCI Group and Principal Financial Group as an ESOP Administrator providing client administration services for more than 50 ESOP plans. He also worked for Mass Mutual Financial Group as a financial advisor, designing investment strategies and recommendations for a diverse clientele.

Michael Young will join ESOP Partners as a Senior Business Consultant and Relationship Manager. Mike has more than 20 years of experience delivering across-the-board business solutions to a variety of industries. He most recently served as owner and business manager of Fox Valley Candy Buffet, the leading candy buffet service in Wisconsin; prior to that Mike was a Regional Manager for Mercier Hardwood, The Bahr Company and Jaeckle Distributors. Mike also served in the U.S. Air Force.

Aaron Juckett, president and founder of ESOP Partners, says the experiences of the company’s new associates enhance the company’s ability to serve clients. “ESOP Partners’ clients get 360-degree care, a business model that maximizes benefits and prevents missed opportunities. That means our people must be experts who provide value from the very first steps in the ESOP process to the long-term, day-to-day administration,” he said. “Our new hires’ skills and insights mean that our clients have added assurance that their plans are monitored, managed and maximized every day.”


About ESOP Partners

ESOP Partners is an ESOP consulting and administration firm that provides a single ESOP expert as a point of contact throughout the lifecycle of the ESOP. The Company works with business owners and companies considering an ESOP to provide ESOP feasibility, plan design, and full ESOP implementation services. ESOP Partners also provides support for ongoing ESOP companies, including ESOP TPA services, distribution and repurchase obligation planning, and consulting services covering corporate governance, ESOP culture, employee communications, and second stage transactions.

About ESOPs

ESOPs are qualified retirement plans that buy, hold and sell company stock for the benefit of the employees, providing an ownership stake in the company. ESOPs are the only retirement plan allowed to borrow money to purchase stock and are generally funded only by the Company. Selling part or all of a business to an ESOP enables a business owner to sell to a built-in buyer in as little as 60-90 days at full fair market value. There are many significant tax and cash flow benefits of selling to an ESOP. An ESOP also allows for a better-managed ownership transition, preservation of local jobs, and the maintenance of a company’s legacy in the community. According to the ESOP Association there are approximately 11,000 ESOPs in place in the U.S., covering 10.3 million employees (10 percent of the private sector workforce).

Topics: ESOP Administration, ESOP, Employee Ownership

Aaron Juckett, CPA, CPC, QPA, QKA
Written by Aaron Juckett, CPA, CPC, QPA, QKA

Aaron is President and Founder of ESOP Partners and provides implementation, administration, and consulting services to hundreds of companies. He is a member of The ESOP Association (TEA) and the National Center for Employee Ownership (NCEO).