PSS Launches New Offer Enabling Corporate Stock Plan Providers to Outsource Specific Plan Functions.
PSS has introduced a new Co-Sourced Stock Plan Administration offer for corporate stock plan administrators seeking to outsource specific functions to improve efficiency while maintaining control of their company’s stock plan administration.
New Offer Provides In-House Stock Plan Administrators Greater Control and Flexibility.
The new offer enables stock plan administrators to shift the management of certain plan functions to PSS, including core plan recordkeeping and reconciliation of stock plan activity; report generation, scheduling and distribution; and plan participant statements and confirmations.
“We have introduced Co-Sourced Stock Plan Administration to meet a growing need for greater efficiency, lower costs, and reduction in workload without ceding in-house control of stock plan administration,” said Schilbred Fasmer, a managing director in PSS’s Stock Plan Services division. “Outsourcing certain aspects of stock plan administration can be part of a company’s long-term strategy to more effectively handle the demands of both routine as well as non-scheduled events. This gives a stock plan sponsor the ability to improve efficiency by offloading time-consuming tasks to PSS, freeing up more time to focus on other important projects.”
The PSS Co-Sourced Stock Plan Administration offer can include a number of services, web-based tools, and consultative guidance, including:
Support for some or all aspects of stock plan administration, as well as various grant types including stock options, restricted stock, performance shares, stock appreciation rights and Employee Stock Purchase Plans (ESPPs);
Automated interface with PSS’s plan participant website, eliminating the need for daily file uploads and downloads;
Dedicated resources to support the design, creation and delivery of custom employee communication and education.
Contact:
Michael Cianfrocca, 80 02 03 44