{"id":3998,"date":"2021-09-21T10:30:13","date_gmt":"2021-09-21T14:30:13","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=event&p=3998"},"modified":"2026-07-23T13:10:19","modified_gmt":"2026-07-23T17:10:19","slug":"edward-c-renenger-presents-at-the-2021-elevateaec-virtual-conference","status":"publish","type":"event","link":"https:\/\/www.stevenslee.com\/sesesop\/event\/edward-c-renenger-presents-at-the-2021-elevateaec-virtual-conference\/","title":{"rendered":"Edward C. Renenger Presents at the 2021 ElevateAEC Virtual Conference"},"content":{"rendered":"\r\n

READING, PA, September 21, 2021\u00a0<\/strong>\u2013\u00a0Edward C. Renenger\u00a0of SES ESOP Strategies presented at the 2021 ElevateAEC Virtual Conference on September 21, 2021.<\/p>\r\n\r\n\r\n\r\n

Mr. Renenger was joined by Will Swearingen, Director of Ownership Transition at the Zweig Group, in presenting \u201cFacilitating Internal Transitions Through Employee Ownership.\u201d The session explored the tax incentives in engaging an employee stock ownership plan (ESOP). Discussion covered the risks, benefits and processes of pursuing an ESOP model, including strategic solutions in generating shareholder liquidity, optimizing employee productivity through beneficial ownership and advantageous exit opportunities for departing shareholders and company owners.<\/p>\r\n\r\n\r\n\r\n

As President and CEO of SES ESOP Strategies and Co-Chair of the ESOP Group and the Employee Benefits and Executive Compensation Group at Stevens & Lee, Mr. Renenger advises business owners on how to sell their companies to employees through an ESOP and provides guidance across the entirety of the process \u2013 from feasibility assessments and establishing stakeholder structures to transactions and ongoing company administration.<\/p>\r\n\r\n\r\n\r\n

Mr. Renenger also advises other ESOP-related transactions, including situations where ESOP-owned companies sell to outside buyers when they have determined that exiting the ESOP structure is appropriate for shareholders. He has particular experience working with ESOPs for financial institutions, such as community banks looking to an ESOP as a source of liquidity for founding shareholders and insurance companies who establish an ESOP in conjunction with a demutualization.<\/p>\r\n\r\n\r\n\r\n

When not working with ESOPs, Ed advises clients on the structure and compliance of defined benefit pension plans and defined contribution plans, including 401(k) plans, especially in complex matters involving the Internal Revenue Service, the U.S. Department of Labor and the Pension Benefit Guaranty Corporation.<\/p>\r\n\r\n\r\n\r\n

View the session webpage here<\/a>.<\/p>\r\n\r\n\r\n\r\n