What We Do
Many companies find the administration and/or communication of their ESOP taking up more time and resources than originally anticipated. To address that need, Menke/BSI ESOPOnline Services was developed to enable ESOP companies to outsource and offload as much of their ESOP administration requirements and their employee communication needs as possible.
6 Main Benefits to Your Plan Participants
Privacy and Complete Reporting
Each of your plan participants will be given a separate password which will enable them to not only view and download their most recent account balances, but also view and download and compare their account balances from all prior years. This access can be obtained at any time and from any desktop computer or any mobile device.
ESOP Education Materials
Employees will receive timely announcements, news releases, ESOP articles and other employee communications materials that will greatly increase their understanding of how ESOPs operate in general and how they will benefit from your ESOP in particular.
Plan Benefit Calculation Tools
Company employees can use the Plan Benefit Calculator to project what their individual account balances may be in 5, 10, 15 or 20 years based upon various assumptions selected by each participant.
Convenient Access
Your employees will be able to download copies of plan documents and election forms from one place without having to bother your staff for copies of these documents.
Streamlined Form Submission
Your employees will be able to download pre-populated forms for completion and submission to us or your staff for processing.
Easy Online Support
Your employees will be able to submit online any questions about their accounts or how the ESOP operates.
“The particular advantage we offer is that, unlike other administration firms, we provide all the services needed in connection with the ongoing upkeep and administration of an ESOP, including legal consulting, financial consulting, recordkeeping, and employee communications. That’s why almost 1,000 companies use us for these services.
John D. Menke, Esq.
President , Menke & Associates, Inc.
