SOURCE: RK Schaaf Associates

RK Schaaf Associates

March 02, 2010 12:05 ET

R.K. Schaaf Associates, Inc. Expands Services and Operations With New Investment

ESOP Industry Stalwart Launches Web Portal for Clients; Expands to East Coast; Now Offers In-House Repurchase Liability Studies

LOS ANGELES, CA--(Marketwire - March 2, 2010) - R.K. Schaaf Associates, Inc. (RKS), a leading employee stock ownership plan (ESOP), 401(k), profit sharing and pension consulting and administration firm, announced today that it has received a significant investment from Silicon Valley investment banker, Brandt Brereton. The investment has enabled RKS to launch a new, user-friendly Web portal for clients, a new east coast service office, and Repurchase Liability Studies (RLS) under the RLS Direct™ brand name. Terms and size of the investment were not disclosed.

Prior to Mr. Brereton's investment, RKS successfully provided recordkeeping and consulting services for clients with ESOPs since 1975, making it one of the oldest ESOP TPA firms in the country. Now through this investment, the company has expanded its services to include RLS which helps guide the success of ESOP companies' plans to repurchase stock when distributions need to be made to vested participants who have retired, terminated employment, died or become disabled. The company's newly opened office will provide service to clients on the east coast, and its new Web portal will enable clients and their employees to access plan information around the clock.

Commenting on RKS' expanded services, Leslie Kearns, president and CEO of RKS said, "I'm very excited about being able to offer our clients and their employees the opportunity to have easy access to their plan information. By also offering our own RLS, we believe we now offer the most comprehensive approach to ESOP administration."

Commenting on his investment in RKS, Brandt Brereton said, "The confluence of permanently lower M&A multiples, rising tax rates and a three-fold increase in the number of baby boomer-aged sellers about to roll through the system is going to drive significantly more tax-free ESOP sale transactions over the next decade, when compared to taxable M&A transactions. My investment in RKS is about adapting to changing market conditions and being prepared to provide more liquidity options to clients. Combining RKS' capabilities with those of my valuation and FINRA-registered investment banking firm, creates a vertically integrated organization that can effectively serve every aspect of both ESOP and M&A transaction alternatives concurrently."

For more information on RKS' ESOP, 401(k), profit sharing and pension consulting services, please call (800) 772-7776 or email to

About R.K. Schaaf

R. K. Schaaf Associates, Inc. has been providing recordkeeping and consulting services for clients with defined contribution plans including ESOP, 401(k), profit sharing and pensions since 1975. R.K. Schaaf Associates, Inc. is a member of several industry organizations including The ESOP Association (TEA), the California Chapter of TEA, the National Center for Employee Ownership (NCEO), the National Institute of Pension Administrators (NIPA), and the Los Angeles Chapter of NIPA. More information is available at

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