You'll find the advice you need and more at the ESOP marketplace.

• Are you trying to set up a committee to improve internal communication in an ESOP?
• Is your ESOP looking for a committee to help improve your ESOP Ownership Culture?
• Have you thought about forming a committee to foster better communication between management and single or multiple groups involving organized labor?
• Are you looking for a method to aid employee ownership activities?

Our committee advisors are well practiced in ESOP consultations.

While ERISA requires all ESOPs to have a trustee, it is not required for them to have additional committees. While the most common type of committee for an ESOP is a communications committee, there are a handful of different types which your business can start in order to help everything run smoothly. These committees can provide additional support and knowledge for the overall advancement of your ESOP. For instance, an ESOP Fiduciary Committee can act as a liaison between the beneficiaries and the Trustee to improve communication and reduce risk. If you need help forming a committee or don't know what type of committee your ESOP needs most, then turn to The ESOP Marketplace.

Some of the typical communication approaches include annual meetings with management presenting the annual report, quarterly or semi-annual "town hall" meetings for updates, newsletters, training events, and monthly meetings with supervisors.