Challenges Facing Stock Plan Sponsors:
The most common challenge for stock plan administrators across the industry this year was managing plan designs.
|Managing plan design||Support for international participants||Managing tax withholdings||Mobility tracking|
Plan Sponsors Received Needed Support During COVID-19:
Plan sponsors are overwhelmingly satisfied with providers’ response during COVID-19.
The majority of plan sponsors also reported having experienced little to no disruption or impact as a result of their providers’ COVID-19 response.
Positive Provider Feedback
|13%||Proactive communication to administrator|
However, for those with some negative feedback for the provider set, the most frequently expressed feedback is a lack of communication.
Negative Provider Feedback
|15%||Slower response time|
|15%||Degraded work quality|
* Group Five Stock Plan Administration Benchmark Study
Plan sponsors need a reliable provider—someone they can count on to help them manage their plans and communicate proactively.
Clients gave E*TRADE a 98% favorable rating in providing consistent support during the pandemic
89% rated E*TRADE favorably in delivering proactive communications
While we will never stop being on the forefront of technological advances, service is at the core of who we are. We are committed to building strong, personal relationships so we can anticipate the unique needs of our clients and their participants, especially during these trying times. Our focus is on our clients and working to help them continue to build their plans with the future in mind.
|Contact us at firstname.lastname@example.org today to learn how we can support you.|
All ratings noted from Group Five 2020 Stock Plan Administration and Financial Reporting Benchmark Study Results. Group Five, Inc. is not affiliated with E*TRADE Financial Corporate Services, Inc. or the E*TRADE Financial family of companies.
E*RADE Financial Corporate Services, Inc. is located at 3 Edison Drive, Alpharetta, GA 30005.
The E*TRADE Financial family of companies provides financial services that include trading, investing, banking and managing employee stock plans.
Employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc.
In connection with stock plan solutions offered by E*TRADE Financial Corporate Services, Inc., E*TRADE Securities LLC provides brokerage services to stock plan participants.
E*TRADE Financial Corporate Services, Inc. and E*TRADE Securities LLC are separate but affiliated subsidiaries of E*TRADE Financial, LLC.
The laws, regulations, and rulings addressed by the products, services, and publications offered by E*TRADE Financial Corporate Services, Inc. and its affiliates are subject to various interpretations and frequent change. E*TRADE Financial Corporate Services, Inc. and its affiliates do not warrant these products, services, and publications against different interpretations or subsequent changes of laws, regulations, and rulings. E*TRADE Financial Corporate Services, Inc. and its affiliates do not provide legal, accounting, or tax advice. Always consult your own legal, accounting, and tax advisors.
© 2020 E*TRADE Financial, LLC. All rights reserved.
« Expert Voice: Ed Farrington