ESOP Advisor in Huntleigh, MO

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ESOP advisor in Huntleigh, MO. Employee stock ownership plans (ESOPs) are becoming a more and more common retirement plan for employees in a variety of sectors in Huntleigh, MO. They offer business owners an opportunity to move on from their company while significantly reducing taxes on the sale, and offer employees a qualified retirement plan that increases their productivity and motivation. However, designing, implementing, and maintaining an ESOP isn't something most Huntleigh, MO business owners can do alone. Correct Capital's seasoned and savvy ESOP advisors help businesses of all sizes, in Huntleigh, MO and around the U.S., develop tailored retirement plans that benefit themselves, their employees, and their profit.

If you're looking for an experienced financial partner in Huntleigh, MO who shares your goals of creating your company and employees for enduring success, call Correct Capital at 877-930-4015, contact us online, or schedule an appointment with one of our financial advisors today.


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Correct Capital Wealth Management's office is physically located in St. Louis, MO, but we serve clients throughout the United States in both personal financial planning and corporate retirement plans.

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About Employee Stock Ownership Plans (ESOPs)

An ESOP is a tax-advantaged retirement plan where employees receive stock of the company that employs them, rather than savings accounts or investments in other companies such as in a 401(k). ESOPs are 100% company funded, and often times shares offered to employees are not governing shares, meaning control of the company stays with the C-suite. They offer fantastic incentives to employees while providing businesses with an enhanced value proposition to employees, and allow business owners to set up a succession plan while preserving control. When they retire, most employees sell the stock at market value value.

Of special interest to business owners, by handing over part of your ownership to the ESOP, owners can defer capital gains taxes, allowing you to distribute the tax consequences of the sale instead of needing to pay taxes immediately. In many cases, ESOPs are a succession plan that keeps the most amount of money possible in your pocket.

Benefits of an Employee Stock Ownership Plan

  • Sell a portion of your business (minimum 30%) with deferment of capital gains taxes (provided you reinvest into qualified replacement securities)
  • Additional tax deductions through contributions made to employees
  • If the business is eventually 100% owned as an S-Corp by the ESOP, it's not subject to federal income taxes
  • Align the goals of employees and stockholders
  • Present a higher value proposition when hiring
  • Enhance employee motivation and productivity
  • Enhance employee retention and loyalty
  • Ease succession planning and business continuity
  • Keep control while organizing or easing into retirement
  • Raise personal liquidity of owners, but still keep control of the company
  • Preserve your business' legacy and culture

What About KSOPs?

A KSOP is a qualified plan that is a mix between an ESOP and a 401(k). Ownership shares are provided to employees as in an ESOP, employees can deposit their own money to buy additional shares through payroll deductions, or the company can match employee contributions with shares instead of cash.

Setting up a stock ownership plan doesn't have to exclude your employees from the risk tolerance that comes with diverse investments. In fact, introducing an ESOP or KSOP to a more traditional retirement plan allows you to obtain the benefits of both. The experienced Huntleigh, MO ESOP advisors and retirement consultants of Correct Capital can help you find the best retirement plan for you, your business, and your employees.

What Our Huntleigh, MO ESOP Advisors Do for You

Whether you're stepping from ownership of your company or are interested in an ESOP's other benefits, you'll need a knowledgeable Huntleigh, MO ESOP advisory firm in your corner to get the most out of your plan. When you work with Correct Capital, we:

  • Lower your tax liability as much as possible — When you transfer your ownership shares to an ESOP, you can reinvest the proceeds in different securities to defer capital gains taxes on the sales, allowing you to retain more of the sales proceeds for different purposes. To defer capital gains taxes, your ESOP advisor can help you carry out a Section 1042 exchange by selling at least 30% of your company to the ESOP and reinvesting that money in qualified replacement securities or QRP. Taxes would be owed until the taxpayer has a sale of the QRP. An ESOP advisor can guarantee you get the most tax benefit from your ESOP.
  • Customize your ESOP and retirement plans — Along with your team, we'll develop and implement an ESOP suited specifically to you and your company. We like to challenge ourselves and our clients to get innovative with retirement plan offerings to maximize the benefits they provide. We'll assess your needs, analyze various ESOP options, and recommend a personalized ESOP that meets legal requirements and is aimed at maximizing benefits. If we believe it'll work, we may also advise combining an ESOP with a 401(k) or alternative retirement plans to further augment benefits, yet retain efficiencies.
  • Conduct a ESOP feasibility study — When we first meet with our clients, we work to understand their needs and collaborate with them to identify the best qualified retirement plans for their business. For clients looking at an ESOP, part of that means conducting a feasibility analysis to establish if it's a feasible option for your company. We'll examine:
    • Cash flow, debts, and overall financial health
    • Ownership structure to understand the implications of introducing an ESOP
    • Employee demographics to understand how they're best served
    • Tax implications for both your company and shareholders
    • Company culture and employee engagement to assess if an ESOP is likely to be well-received and supported

    What if your business isn't a great fit for an ESOP? We'll work with you to find a retirement or succession plan that works for you.

  • Connect you with valuation firms and trustees — Implementing and maintaining an ESOP involves a lot of moving parts, including accountants, lawyers, and a trustee to buy stock of the company on behalf of the ESOP. An experienced ESOP advisor with a strong network in Huntleigh, MO can help you arrange your ESOP team with dependable partners.
  • Ensure compliance — IRS, Department of Labor, and ERISA all have strict guidelines for the management of ESOPs. For example, when ESOP participants at a closely held employer receive company stock in an ESOP distribution, they have the right to demand the employer to redeem them at market value.
  • ESOP sustainability assessments — In an ESOP, shares are granted to employees over time based on duration of service. Usually, that means ownership of the company is sold to the ESOP in increments. Depending on how you structure your company and the plan, your ESOP may start with 30%, but could ultimately achieve 100% ownership. As the plan progresses and matures, so will its implications for your company. ESOP advisors can plan for these changes and respond to them in real time, facilitating your plan to stay viable, in accordance with regulations, and profitable.
  • Employee communication and education — Our ESOP advisors offer group meetings and individual consultations with your employees so they can get the most from your retirement plan. With an ESOP advisor from Correct Capital, your employees won't just attain a share of your company, but they'll feel like they're obtaining ownership of their financial stability and eventual retirement.

Why Choose Correct Capital as Your ESOP Advisor in Huntleigh, MO

Correct Capital is an independent advisory firm that specializes in helping business owners create retirement plans and succession plans for their businesses. There are numerous factors we point to that make us unique from other financial consulting companies in Huntleigh, MO, and all over the country:

  • A member of the National Association of Plan Advisors (NAPA), Correct Capital was recently named one of their Top Defined Contribution (DC) Teams with Assets under Advisement of at least $100 million. Correct Capital is the only advisory firm in Missouri to achieve this distinction.
  • We know retirement plans and ESOPs. Correct Capital's clients currently operate these plans in a variety of industries, including for construction companies and contractors. As we work with both businesses and individuals and families when managing retirement plans, we're well-prepared to understand the needs of each and develop a plan that fulfills the necessities of both, as well as those of your stockholders.
  • Our award-winning Huntleigh, MO financial advisory team is composed of a diverse range of financial expertise, including an Accredited Investment Fiduciary®, multiple CERTIFIED FINANCIAL PLANNER™ professionals, a certified public accountant, and a six-time Barron's Top 1200 Advisor. With over eight decades of combined experience, we pool our collective talents and insights to effectively cater to each client distinctively.
  • As independent fiduciary advisors, we are legally and ethically bound to do what's in the best interest of you, your employees, and your company. We aim to forge long-term relationships with our clients founded on trust and the mutual goal of increasing your and your employees' financial prosperity.

Other services we offer in Huntleigh, MO:

ESOP Advisor in Huntleigh, MO | Retirement Consultants | Financial Advisors Near Huntleigh

Call Correct Capital to Speak With an ESOP Advisor in Huntleigh, MO Today

If you're interested in learning more about ESOPs or aspire to initiate the process of setting one up for your Huntleigh, MO business, contact a Correct Capital ESOP advisor at this moment. Let us do what we do best so you can concentrate on what you care about most: setting yourself, your business, and your employees up for prosperity. Contact with one of our Huntleigh, MO ESOP advisors now at 877-930-4015 or contact us online.


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