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Employee Stock Ownership Plans (ESOPs) are complex, with numerous rules and requirements that are distinct from other qualified plans. An ESOP plan sponsor needs a consultant and administrator with expertise and experience managing these plans. The members of our ESOP Practice Group average more than 26 years of ESOP experience and are prepared to assist you.

Our ESOP experts can help you with:

  • ESOP consulting and feasibility analysis
  • Plan design consulting
  • Testing for compliance with general plan requirements and with requirements specific to ESOPs, including:
    • Release of employer stock from suspense
    • Special testing under Code Section 415
    • Special tax deduction limits
    • Special distribution requirements
    • Restrictions on stock used in a Code Section 1042 transaction
    • S Corporation  Anti-Abuse requirements
    • Stock Repurchase Liability Studies
    • Governmental filings
    • ESOP recordkeeping
    • Participant communication
    • IRS and DOL corrections support
    • Compliance and governance self-audits

Meet Our Team

Learn more about the consultants of BPS&M

Barnes

Sarah Barnes
CPC
Consultant

Sarah joined BPS&M in 2007. Her primary responsibilities include the administration of complex defined contribution plans with an emphasis in ESOPs, including repurchase liability studies.
Contact Sarah at 502.253.4632 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Hassfurther

Brenda Hassfurther
Consultant

Brenda has over 25 years of experience in the design and administration of complex defined contribution plans, including all types of ESOPs, with an added emphasis in repurchase liability studies.  
Contact Brenda at 502.253.4631 or This email address is being protected from spambots. You need JavaScript enabled to view it. 

Gutmann

Rob Gutmann
CPA
Managing Consultant

Rob specializes in the design and administration of all types of ESOPs as well as many other employer-sponsored plans. Rob has over 40 years of experience in public accounting and industry.
Contact Rob at 502.253.4634 or This email address is being protected from spambots. You need JavaScript enabled to view it. 

Hohman

Ken Hohman
FSA, EA, FCA, MAAA
Principal

Ken began working in the actuarial field in 1976, and joined BPS&M in 1978. His primary area of expertise is in the design, funding, administration and regulatory compliance of qualified and nonqualified retirement plans. Ken founded the firm's ESOP Practice Group and has extensive experience in assessing the feasibility of establishing ESOPs, including repurchase liability studies.
Contact Ken at 502.253.4628 or This email address is being protected from spambots. You need JavaScript enabled to view it. 

Hudgins

James Hudgins
ASA, EA
Consulting Actuary

James began working in the actuarial field in 1980 and joined BPS&M in 1985. He has over 30 years of employee benefits consulting experience related to the design, funding, administration and regulatory compliance of retirement plans. He has particular experience and expertise consulting with defined benefit and defined contribution plans, including cash balance plans and ESOPs.
Contact James at 601.984.8963 or This email address is being protected from spambots. You need JavaScript enabled to view it. 

Johnson

Karen Johnson
CPA
Consultant

Karen specializes in the design and administration of defined contribution plans, including all types of ESOPs. Karen has over 20 years of experience working with various aspects of retirement plans in public accounting and industry.
Contact Karen at 502.253.4640 or This email address is being protected from spambots. You need JavaScript enabled to view it. 

Lozanov

Susan Lozanov
ERPA, CPC
Consultant

She has been providing administration and consulting on defined contribution plans at BPS&M since 1998. Susan currently specializes in advanced compliance testing for her clients, and provides consulting and administration for a variety of ESOPs.
Contact Susan at 615.665.5406 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Stone

John Stone
CPC
Consultant

John is a consultant with over 30 years of experience in the design, funding, administration, and regulatory compliance of defined contribution plans. His specialty client practice areas are ESOPs and 401(k) plans. John provides consulting and administration for all types of ESOPs, including repurchase liability studies.
Contact John at 615.665.5342 or This email address is being protected from spambots. You need JavaScript enabled to view it.