NUL Senior Editor Warren S. Hersch recently met with Jerry Ripperger, director-consulting of Des Moines, Iowa-based Principal Financial Group. The interview explored company and industry developments in respect to employee stock ownership plans: tax-qualified defined contribution retirement plans in which employees have partial ownership of the business. The following are excerpts.
Hersch: Which types of businesses are key prospects for an ESOP transaction? Are you finding greater interest in ESOP among these companies than in prior years?
Hersch: How might an ESOP be structured if the business owner's children also want to be involved in the business?