The American Society of Pension Professionals & Actuaries (ASPPA) today announced the release of a new educational certificate called "The Employee Stock Ownership Plan (ESOP) Administration Certificate."
"The new ESOP Administration certificate was created for retirement plan professionals interested in expanding their knowledge of employee stock ownership plans so they can provide full ESOP administration and consulting services to their clients and become a valuable asset to their employer," said Kim Szatkowski, ASPPA Chief of Pension Education.
An employee stock ownership plan (ESOP) is a defined contribution plan that provides a company's workers with an ownership interest in the company. There are over 10,000 ESOP plans in the United States covering over 10 million participants.
"ASPPA continually expands our educational offerings to meet the needs of our membership," said Szatkowski. "We are pleased to have responded to industry demand for ESOP administration training. Plan administrators, recordkeepers, consultants and ESOP plan sponsors will benefit from this new program."
Course study materials were written by Kevin G. Long, Esq. and Debi Raphael, CPC; of Chang, Ruthenberg & Long PC to serve as the foundation for proper administration of ESOP plans.
The ESOP Administration Certificate provides entry to training in ESOP retirement plan administration and those who earn the ESOP Administration Certificate gain advanced administration skills and knowledge of the unique intricacies of these plans.
More information about ASPPA's education and credentialing programs is available at www.asppa.org.