R.K. Schaaf Offers Free Online Financial Tools
R.K. Schaaf Associates, a financial services firm with over 3 decades’ worth of experience in ESOP administration and other services, offers a number of free financial tools on its website for the benefit of current and prospective clients.
One of the tools is a handy loan calculator which allows a visitor to quickly calculate participant loan amortization. A participant loan is subject to a number of requirements that, if broken, can lead to serious tax consequences, such as potentially significant excise taxes. In some cases, the entire benefits plan could be disqualified as a result of an improper participant loan. The calculator allows you to determine whether your loans meet IRS requirements.
R.K. Schaaf is represented on ESOP Marketplace by a number of its expert ESOP advisors.
R.K. Schaaf Offers ESOP Web Solutions
R.K. Schaaf Associates, Inc. is one of the oldest ESOP companies in the country – Rainer Schaaf founded it in 1975, not long after ESOPs were first defined in federal law. However, since its inception, the firm has kept abreast of new technology to make ESOP administration easier and less intimidating.
For the extra convenience of its clients, R.K. Schaaf offers a cutting-edge web portal called MyESOPBenefits that allows them to store documents, keep ESOP records, transfer disclosure forms, fine-tune employee access to ESOP data, set up an easy communication hub for all ESOP plan participants and much more. All Schaaf web services are secure, confidential, and adhere to the strictest privacy standards.