Professional, independent, customized services for your ESOP
Employee Stock Ownership Plans
Employee stock ownership plans (ESOPs) are a popular way for private companies to share the benefits of ownership with employees. ESOPs have significant advantages for companies and their employees, but with these retirement benefits come significant and complicated oversight of fiduciary duties, administrative tasks, and government regulation. To help your employee-owned company succeed, Spinnaker provides a broad array of fiduciary and administrative services delivered by a seasoned team focused on ESOPs and their related transactions.
As a full service trust company, Spinnaker Trust can provide independent trustee and fiduciary services for your ESOP. Our experienced staff provides you with the customized, professional services your plan deserves. We can partner with you as trustee for your ESOP transaction or as your ongoing ESOP trustee.
At Spinnaker, we focus on understanding each of our clients and assisting with any ESOP-related matter. We respond quickly, and we are focused on the best interests of your participants. We pride ourselves on our thorough internal processes and documentation to ensure we fulfill all the fiduciary obligations to protect your ESOP.
Meet the ESOP Crew
“I genuinely enjoy working with them as people, and I really respect the work they do. They have a true appreciation for what it’s like to be an ESOP.”
ESOP Transaction Trustee Services
By engaging Spinnaker, you will obtain a seasoned team of professionals with expertise in stock purchase and sales transactions, ESOP administration, valuation analysis and ERISA compliance. All decisions regarding your ESOP are made by an objective fiduciary committee.
Ongoing/Successor Trustee Services
As ongoing trustee, Spinnaker will act for the exclusive benefit of plan participants in a prudent manner and in accordance with plan documents. We can serve as either a directed or discretionary trustee.