Overview
Headquarters
La Canada, California
Category
Industrial Services
In today’s evolving Employee Stock Option Plan (ESOP) regulatory environment, it is accepted best practice to use a qualified External Independent ESOP Trustee (Trustee) for both executing stock transactions involving an ESOP and for guidance in the ongoing administration of an ESOP. The role of the Trustee in executing an employer stock transaction, either purchase or sale, requires performing due diligence to ascertain the Company’s true value and to evaluate the transaction of the employer stock ensuring fairness to the ESOP plan’s beneficiaries. The trustee will negotiate on the ESOP’s behalf in terms of price and conditions of the sale. For ongoing administration of an ESOP, the role of the Trustee is to manage and safeguard the assets of the ESOP Trust. Responsibilities include voting the ESOP shares, monitoring the ESOP compliance with trust and plan documents, the screening, hiring and supervision of the plan advisers including the annual valuation process and setting the share price, making sure both contributions and distributions are done in a timely manner. The importance of using an External Trustee is they have the professional qualifications and experience to meet the “prudent expert standard” rule. They have the focus to stay current on the rules and regulations of ESOP’s and have the internal systems to maintain the plans, ensure compliance, and keep records in an efficient manner. Using an external trustee helps reduce the risk of any conflict of interest when compared to having an employee act as the internal trustee. Pathfinders, Inc. was founded in 1997. The company's line of business includes providing employment services. The company offers alchol and drug treatment services. Pathfinders, Inc. is located in Wayne, PA, United States and is part of the Executive Search Services Industry. Pathfinders, Inc. has 50 total employees across all of its locations and generates $6.52 million in sales (USD). There are 5 companies in the Pathfinders, Inc. corporate family. Pathfinders, Inc. is located in Wayne, PA, United States and is part of the Executive Search Services Industry. Pathfinders, Inc. has 50 total employees across all of its locations and generates $6.52 million in sales (USD). (Sales figure is modelled). There are 5 companies in the Pathfinders, Inc. corporate family.
