Are you a business owner? Perhaps thinking about ownership transition, retirement, or wondering how you might preserve the legacy that you have built up over a lifetime? The Silver Tsunami is upon us! Members of the boomer generation are reaching normal retirement age at a rate of over 70,000 per week. This generation owns ~…
A review of DOL 5500 Forms for 2023 (the most recent year with complete results) for Indiana identifies that Indiana is home to 183 ESOPs, with 182,479 participants, with plan assets over 25 billion dollars. There are ESOPs in over 84 Indiana communities – but the top 5 Indiana cities for ESOPs are: Rank City/cities…
One way that ESOPs or EOTs may grow in value and size, is through the acquisition of companies. These acquisitions may be bolt on acquisitions that expand existing services in a new geography, or they may be companies that provide a diversification in services and client base as a means to diversify risk of customer…