Marcum LLP
Valuation & Litigation Support

ESOP Valuation Services

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Marcum LLP provides independent valuations in connection with transactions involving stock to be acquired by Employee Stock Ownership Plans ("ESOP").

We also provide fairness opinions in connection with such transactions, annual ESOP update valuations, valuations for ESOP stock redemptions, and plan terminations. We have more than 20 years of experience in providing such opinions and communicating our conclusions to all parties involved through our comprehensive written reports and our oral presentations to trustees, company counsel, and company auditors.

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Related Services:      Corporate Transactions   |   Disputes & Litigation   |   ESOP Valuation Services   |   Financial Reporting   |   Industry-Focused Practice Areas   |   Tax

How Marcum Can Help?

The valuation of ESOP stock requires specific knowledge of the Employee Retirement Income Security Act of 1974 ("ERISA") regulations. ERISA gave the Department of Labor oversight as to certain statutory requirements that must be satisfied by the sponsor of an ESOP.

Marcum's ESOP valuation team possesses the requisite expertise to provide the analysis that is required by the Internal Revenue Service and Department of Labor. Our team has provided valuation services on a wide variety of transactions involving shares of privately-held stock in a broad array of industries.

Some of the factors that are specific to the valuation of stock held by an ESOP Trust are as follows:

  • The price that the ESOP trustee pays for the stock must represent "adequate consideration."
  • The appraisers must be independent and qualified.
  • Premiums and discounts should be applied based on the facts and circumstances of the stock held by the plan.
  • There are specific share price reporting requirements.

Related News

The American Society of Appraisers quoted Ken Pia, partner-in-charge of Valuation Services, in an article about appraisal standards for employee stock ownership plans.


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The American Society of Appraisers quoted Ken Pia, partner-in-charge of Valuation Services, in an article about appraisal standards for employee stock ownership plans.

The American Society of Appraisers has filed an amicus brief in connection with the appeal of an employee stock ownership plan case, outlining the district ....

Advice to the Board: Knowing the Business is Critical to Effective Risk Oversight


Valuation & Litigation Advisor - July 2018

Advice to the Board: Knowing the Business is Critical to Effective Risk Oversight

Obtaining an understanding of the company's business is key to effective oversight, including enterprise risk management, and also helps in building and maintaining a positive ....

New Jersey Law Journal published an article co-authored by Ilan Hirschfeld, partner-in-charge, New Jersey Advisory Group, and Kevin Baker, head of the Philadelphia Digital Forensics Practice, on the complexities of valuating cryptocurrencies.


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New Jersey Law Journal published an article co-authored by Ilan Hirschfeld, partner-in-charge, New Jersey Advisory Group, and Kevin Baker, head of the Philadelphia Digital Forensics Practice, on the complexities of valuating cryptocurrencies.

Just weeks into 2018, cryptocurrencies continue to dominate the headlines while on their way to potentially becoming mainstream. The complexities of these digital financial instruments ....

Marcum LLP Named Top Valuation and Litigation Services Firm in Multiple Categories by Connecticut Law Tribune


Valuation & Litigation Advisor - December 2017

Marcum LLP Named Top Valuation and Litigation Services Firm in Multiple Categories by Connecticut Law Tribune

Marcum LLP took top honors in multiple categories of the Connecticut Law Tribune’s 2017 “Best Of” survey, winning one or both of the top two ....

Market Participant Acquisition Premiums in Valuations for Financial Reporting Purposes


Valuation & Litigation Advisor - December 2017

Market Participant Acquisition Premiums in Valuations for Financial Reporting Purposes

Many of the valuations completed by Marcum LLP are for purposes of compliance with U.S. Generally Accepted Accounting Principles (GAAP), often referred to as Valuations ....

Valuing a Business: The Site Visit and Management Interview


Valuation & Litigation Advisor - October 2017

Valuing a Business: The Site Visit and Management Interview

The site visit and management interview are an essential part of the process of developing a business valuation opinion.

Painting a Picture of the Parties' True Income in Divorce


Valuation & Litigation Advisor - October 2017

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Determining the assets and earnings in a divorce engagement is often a complex task. While the divorcing parties may begin the process working toward the ....

Business Valuation Update interviewed Partner Kenneth Pia for an article about serving on the Business Valuation Committee of the American Society of Appraisers. Mr. Pia is vice chair of the committee.


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Business Valuation Update interviewed Partner Kenneth Pia for an article about serving on the Business Valuation Committee of the American Society of Appraisers. Mr. Pia is vice chair of the committee.

BVU had the pleasure of speaking with some of the dedicated individuals who serve as members of the Business Valuation Committee of the American Society ....

Business Valuation Update published an article by Partner Nancy Fannon in the July issue, about the attractiveness of the business valuation specialty.


As Seen In

Business Valuation Update published an article by Partner Nancy Fannon in the July issue, about the attractiveness of the business valuation specialty.

For the last several years, it seems as if everyone I talk to in our profession is trying to figure out a growth plan.

BV Wire featured Marcum's merger with Meyers, Harrison & Pia.


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BV Wire featured Marcum's merger with Meyers, Harrison & Pia.

Joining Marcum will give MHP's clients and staff significantly greater resources as well as access to a deep bench of talent across the firm's practice ....

The New Haven Register announced Marcum's merger with Meyers, Harrison & Pia.


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The New Haven Register announced Marcum's merger with Meyers, Harrison & Pia.

Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC (MHP) have merged into the national accounting and advisory services ....

The Portland Press Herald reported on Marcum's merger with Meyers, Harrison & Pia, including that firm's Portland, Maine, office.


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The Portland Press Herald reported on Marcum's merger with Meyers, Harrison & Pia, including that firm's Portland, Maine, office.

Marcum LLP announced Tuesday that it has merged with Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC.

Long Island Business News reported on Marcum's merger with Meyers, Harrison & Pia.


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Long Island Business News reported on Marcum's merger with Meyers, Harrison & Pia.

Marcum has merged Meyers, Harrison & Pia and Meyers, Harrison & Pia Valuation and Litigation Support into its business, adding 55 partners and staff in ....

Accounting Today announced Marcum's merger with Meyers, Harrison & Pia to the accounting industry.


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Accounting Today announced Marcum's merger with Meyers, Harrison & Pia to the accounting industry.

MHP dates back to 1954 and specializes in business valuation, forensic accounting and litigation support services. The firms partners frequently serve as expert witnesses during ....

The Hartford Business Journal reported on Marcum's merger with Meyers, Harrison & Pia.


As Seen In

The Hartford Business Journal reported on Marcum's merger with Meyers, Harrison & Pia.

Regional accounting firm Marcum LLP, which has a Hartford office, said Monday it has acquired a New Haven CPA firm that will add to its ....

Marcum LLP Merges in Meyers, Harrison & Pia


Press Release

Marcum LLP Merges in Meyers, Harrison & Pia

Marcum LLP announced today that Meyers, Harrison & Pia, LLC and Meyers, Harrison & Pia Valuation and Litigation Support, LLC (MHP) have merged into the ....

Newsletter

ESOP Advisor

Quarterly newsletter providing an update on topics of interest relating to employee stock ownership plans.

  READ THE CURRENT EDITION
 
 

Contacts

Select the region to view contacts.

Kenneth J. Pia, Jr, Partner-in-Charge, Business Valuation Services, Valuation & Litigation Support
Practice Leader
Partner-in-Charge
Business Valuation Services
Valuation & Litigation Support
New Haven, CT
CT

Anthony  Banks, Director, Advisory
Director
Advisory
Fort Lauderdale, FL
FL

Nancy  Fannon, Partner-in-Charge, Litigation Support Services, Valuation & Litigation Support
Partner-in-Charge
Litigation Support Services
Valuation & Litigation Support
Portland, ME
ME

Cecelia  Garber, Partner, Advisory
Partner
Advisory
Fort Lauderdale, FL
FL

Carla  Glass, Managing Director, Valuation & Litigation Support
Managing Director
Valuation & Litigation Support
New Haven, CT
CT

David  Glusman, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

 
Mark  Harrison, Advisory & Consulting Services Leader, Valuation & Litigation Support
Advisory & Consulting Services Leader
Valuation & Litigation Support
New Haven, CT
CT

Ilan  Hirschfeld, Partner-in-Charge, Advisory - New Jersey, Advisory
Partner-in-Charge
Advisory - New Jersey
Advisory
Roseland, NJ
NJ

Vladimir  Korobov, Partner, Valuation & Litigation Support
Partner
Valuation & Litigation Support
New Haven, CT
CT

Arlen  Lasinsky, Director, Advisory
Director
Advisory
Deerfield, IL
IL

Daniel  Roche, Partner, Advisory
Partner
Advisory
New York, NY
NY

Bradford  Taylor, Director, Advisory
Director
Advisory
Boston, MA
MA

 
Edward  Waddington, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

Heidi  Walker, Managing Director, Valuation & Litigation Support
Managing Director
Valuation & Litigation Support
Portland, ME
ME

 
 
 
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