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| Employee Stock Ownership Plan solution, fn*ESOP |
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ESOP solution enables companies to manage employee stock
option programs.
ESOP enables online administration and management of employee stock option plans. It also provides integrated trading and online exercising of employee
stock options with real time quotes. This solution is for third party plan administrators, regional banks, and broker/dealers offering business solutions.
The ESOP system provides clients extensive functionality that includes:
- Determination of eligible employees
- Calculation of release of shares
- Allocation of contributions, forfeitures, dividends and other earnings
- Tracking of cost basis
- Monitoring of diversification requirements
- Preparation of company reports
- Online participant statements
- Assistance with the processing of distributions
- Compliance testing and review
- Combined plan compliance testing and review
- Vesting calculations
- Online exercise and execution of options
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