Their work has proved especially valuable in providing an appropriate level of support for the annual independent audit of the Fund.

George J. McVey, Jr.
Dynamis Advisors, LLC & IMVA, LLC

ESOP Valuations


Pluris Valuation Advisors provides independent valuation services, including fairness opinions and annual update valuations for trustees of Employee Stock Ownership Plans (ESOP).  
Fair Market Value
An ESOP valuation must incorporate all of the traditional "fair market value" issues in the analysis, including control premiums, and discounts for lack of marketability (DLOM) and must also conform to regulations concerning the definition of "adequate consideration." ESOP valuations must be able to withstand a challenge from employees, the Internal Revenue Service and the U.S. Department of Labor, both of which have enforcement responsibility for ESOPs. The DOL has the responsibility for administering the ERISA regulations for ESOPs.