Total Rewards: What’s All This Talk About ESOPs?
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When: 3/1/2018
7:30-9:30 AM
Where: Corporate College East
4400 Richmond Rd
Warrensville Heights, Ohio  44128
United States
Contact: Pam Smith

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Total Rewards:  What’s All This Talk About ESOPs?


Date: Thursday, March 1, 2018

Session Summary:

An Employee Stock Ownership Plan (ESOP) is a tax qualified retirement plan that is designed to hold stock of the sponsoring company.  ESOPs don’t make sense for every company.  However, when the circumstances are right, they can have wonderful results and create substantial tax savings.  More and more companies are exploring whether an ESOP makes sense for them.  This session will provide an overview of Employee Stock Ownership Plans and how such a plan may benefit your company.

·         Overview of how ESOPs work. Tax and corporate benefits associated with ESOPs.

·         Attributes a Company should possess to make an ESOP feasible and successful.

·         Benefits and competitive advantage of ESOPs companies.

·         Common issues/goals that companies typically face that result in their decision to implement an ESOP.

·         Story from an ESOP company and the decision process they went through that led to implementing an ESOP.

Anyone exploring ownership changes in their organization or interested in learning more about how their company or clients could benefit from the use of an ESOP should attend this event.

Speaker Information:

Carl Grassi, the Chairman of McDonald Hopkins

Nationally-known expert in ESOPs

Carl became firm chairman in 2016 after serving as firm president for nine years.  He is corporate counsel and business advisor to a number of middle-market and growth companies.  Carl has extensive experience assisting clients in areas of complex mergers and acquisitions, choice of entity planning, business succession planning, financing and structuring ESOPs, executive compensation and tax planning, creation of family limited partnerships, formation and use of limited liability companies, and IRS controversies. 

Carl authors the Small Business “Tax Tips” column for Crain’s Cleveland Business and has written other articles for national publications.  He frequently speaks on business planning related topics for business owners, accountants and lawyers.

Carl earned a J.D. from Cleveland-Marshall College of Law in 1984. He received a B.S.B.A. from John Carroll University in 1981.

Mike Metz, CFO of MarshBerry

Mike Metz joined Marsh, Berry, and Company Inc., (“MarshBerry”) in 2014 as the Chief Financial Officer responsible for providing leadership and management to MarshBerry’s shared services divisions. Mike has over 15 years of leadership experience in financial and operational roles. Prior to joining MarshBerry, Mike was Chief Financial Officer at Lexi-Comp, Inc.

Mike graduated from John Carroll University with a degree in Accounting, and received his MBA from John Carroll University. Mike is a CPA (inactive), and currently maintains the Series 27 FINRA Registration through MarshBerry Capital, Inc., the affiliated FINRA-registered Broker/Dealer of Marsh, Berry & Co., Inc. 

John Wirtshafter, Member of McDonald Hopkins

John has extensive experience assisting mid-sized and Fortune 500 companies with employee benefits and executive compensation issues and opportunities, including benefits issues arising in mergers and acquisitions, IPOs and bankruptcies, and the design and implementation of qualified and non-qualified retirement and benefits programs including ESOPs, defined benefit and defined contribution plans, cash balance programs, non-qualified deferred compensation plans, stock option and other equity participation programs, VEBAs and SERPs. John regularly consults with employers contributing to multiemployer pension and welfare plans with issues relating to transactions, bankruptcies, controlled group liability, and strategic planning for reducing and combating claims made for withdrawal liability for partial or complete withdrawals.

For the past four years, John was the national President of one of the largest U.S. employee benefits professional organizations, the Worldwide Employee Benefits Network.  John frequently speaks on various employee benefits topics and has been quoted and interviewed in numerous magazines and newspapers regionally and nationally.

John earned his J.D. from Case Western Reserve University School of Law in 1984. He received a B.S., cum laude, from Indiana University in 1981.

This activity has been approved for 1 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®)

This activity will be submitted for Recertification Credit Hours through SHRM.

Registration & Continental Breakfast: 7:30 - 8:00 AM

Presentation & Discussion:  8:00 AM - 9:30 AM

$30 for Cleveland SHRM members

$40 for Guests/Nonmembers

$15 for students and members in transition


Cleveland SHRM is committed to the full inclusion of all its members. As part of this commitment starting January 2017, CSHRM will make every attempt to ensure that all members with disabilities are provided a reasonable accommodation to participate to the highest degree possible in all CSHRM activities. Accommodations will be provided to CSHRM members through collaborative efforts with the Cuyahoga County Board of Developmental Disabilities, local non-profits, and other community organizations to acquire accommodations that are being provided to CSHRM members.

Reasonable Accommodation Coordinator’s (RAC) role is to help identify and coordinate any accommodation that might be needed to participate in any CSHRM activity. Individuals who need an accommodation should contact one of the Diversity and Inclusion committee members below to start the process.

Katti Sorboro Email: Phone: 330.576.5502

Jared Daly Email: Phone: 216-538-1927