The American Society of Pension Professionals & Actuaries is offering a new educational certificate for retirement plan professionals interested in learning more about employee stock ownership plans.

The Employee Stock Ownership Plan Administration Certificate will help retirement professionals learn more about the vehicle so they can provide full ESOP administration and consulting services to their clients and become a valuable asset to their employer, said Kim Szatkowski, ASPPA chief of pension education.

An ESOP is a defined contribution plan that provides a company's workers with an ownership interest in the company. There are more than 10,000 ESOP plans in the United States, covering more than 10 million participants.

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