BPAS, a leading national provider of retirement plans, employee benefits, and institutional trust services, today announced an expansion of its ESOP/kSOP (Employee Stock Ownership Plan) practice to support growing demand for employee ownership and business succession solutions nationwide.
As part of that investment, BPAS has appointed retirement industry veteran Richard Troska to its specialized consulting team. Troska brings decades of experience in ESOP/ kSOP administration, compliance, and client consulting and will help drive continued growth of the firm’s employee ownership business.
“We’re seeing increasing interest from business owners seeking succession strategies that preserve company culture, reward employees, and create long-term value,” said Paul Neveu, CEO of BPAS. “Our continued investment in ESOP and kSOP expertise reflects our commitment to helping advisors and employers navigate these complex opportunities through a fully integrated service model. Richard’s experience strengthens our ability to meet that demand.”
“The ESOP marketplace continues to evolve as more organizations evaluate employee ownership structures as part of their long-term strategic planning,” said Amy Shaub, SVP of Plan Consulting Services. “Richard brings deep technical expertise and leadership experience that enhances our ability to support advisors and plan sponsors across the full spectrum of ESOP and kSOP designs.”
BPAS supports a wide range of ESOP and kSOP structures, from traditional share allocation plans to sophisticated S-Corporation and publicly traded company arrangements. Through its integrated platform, BPAS can provide recordkeeping, third-party administration, custody, and related services through a single delivery model, simplifying administration for plan sponsors and advisors.
Leveraging the services of highly qualified ESOP counsel firms, BPAS supports organizations at every stage of the employee ownership lifecycle, from initial plan design and implementation to investment banking services to mature plans with hundreds of millions in assets.
“The employee ownership market continues to gain momentum as business owners explore alternatives to traditional succession strategies,” said Troska. “BPAS has built a differentiated model that combines specialized ESOP expertise with integrated retirement plan administration. I’m excited to join the team and help expand those capabilities for employers and advisors nationwide.”
The information provided in this blog post is for informational purposes only and should not be considered as financial, legal, or professional advice. Always consult with a qualified professional for specific advice tailored to your individual circumstances.
