Edward Renenger Email & Phone Number

Reading, Pa, Us

Reading, Pennsylvania Area

I help companies navigate the complexities of employee stock ownership plans (ESOPs). In this capacity, I regularly advise business owners on how to sell their companies to its employees through an ESOP. This process typically involves working with the company to first determine the feasibility and impact of creating an ESOP, consulting on whether the ESOP accomplishes the goals of the relevant stakeholders, designing the appropriate structure to accomplish those goals, implementing the… Show more I help companies navigate the complexities of employee stock ownership plans (ESOPs). In this capacity, I regularly advise business owners on how to sell their companies to its employees through an ESOP. This process typically involves working with the company to first determine the feasibility and impact of creating an ESOP, consulting on whether the ESOP accomplishes the goals of the relevant stakeholders, designing the appropriate structure to accomplish those goals, implementing the transaction and then assisting the company with the ongoing administration and compliance of the ESOP. I also advise on other ESOP-related transactions, including situations where ESOP-owned companies sell to outside buyers when they have determined that exiting the ESOP structure is appropriate for shareholders. I work with the entire range of ESOP-owned companies, including S Corporations, C Corporations, private companies, publicly traded companies, companies that are wholly owned by the ESOP trust and companies in which the ESOP is a minority owner. I also advise ESOP trustees on their fiduciary obligations under ERISA in ESOP-related transactions and when unique situations arise in an already established ESOP.I also have particular experience working with ESOPs for financial institutions, such as community banks looking to an ESOP as a source of liquidity for founding shareholders and insurance companies who establish an ESOP in conjunction with a demutualization.When not working with ESOPs, I advise clients on the structure and compliance of defined benefit pension plans and defined contribution plans, including 401(k) plans, especially in complex matters involving the Internal Revenue Service, the U.S. Department of Labor and the Pension Benefit Guaranty Corporation. Show less

Sold constituent relationship management software first to individual Member Offices of the U.S. House of Representatives and then to executive level Gubernatorial and Mayoral accounts. Achieved 125 percent quota and awarded President’s Council every year. Expanded existing customer base while salvaging troubled accounts. Pioneered the emerging State/Local marketplace through relationship selling, developing a strong, sustainable pipeline of prospects.

Jd, Law

Graduated Magna Cum Laude and received the Order of the Coif. Member of The Tax Lawyer.

Ba, Philosophy

First in Class, summa cum laude, Phi Beta Kappa.