Terminating an ESOP: Valuation and Fiduciary Issues

There are many mature ESOPs, and as time goes on various plans are terminating for a number of reasons, ranging from the sale of the company stock or assets, liquidation, high plan costs, and other factors. When making this decision, it is crucial to avoid wrongful terminations, consider all the relevant issues, and weigh the alternatives. This issue brief, written by experienced legal and valuation authorities, discusses the various issues and their implications.