By now, most of us have adjusted to the official start of Daylight Saving Time. Some see this transition as a loss, namely the loss of an hour of sleep on a weekend. I, however, view it as a time of renewal, a time to refresh. 

The grass is starting to turn green and trees are budding out. Financial professionals can use this time of renewal and growth as an opportunity to refresh their practices for growth.

Employee Stock Ownership Plans (ESOPs) can be a vehicle to spring ahead for financial professionals. An ESOP is a qualified defined contribution retirement plan that is invested primarily in the stock of the sponsoring company. ESOPs are unique in that they can borrow money which creates a flexible approach for a business owner to sell all or part of their company. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.