EMPLOYEE STOCK OWNERSHIP PLAN (ESOP) MANAGEMENT SYSTEM AND METHOD

摘要

Computer-implemented systems and methods operate a customized financial product plan for a sponsoring company. A rules engine executes rules to determine insurance coverage limit data for product plan participants based on available insurance coverage. In addition, a web-based program gathers current status data related to customized financial products, and yields a remaining balance able to be deposited without exceeding FDIC account limits.

主权项

1. A computer-implemented method for operating a customized financial product plan for a sponsoring company, the method comprising the steps of:
identifying available insurance coverage to the participants of the customized financial product plan; collecting census data related to the participants of the customized financial product plan; determining maximum balance data, wherein the maximum balance data further comprises a maximum balance able to be held as a function of the collected census data; executing rules for determining insurance coverage limit data for product plan participants based on the identified coverage; gathering current status data related to customized financial products; processing, by a computer processor coupled to a memory, the maximum balance data with the determined insurance coverage limit data and the gathered current status data to yield a remaining balance able to be deposited without exceeding FDIC account limits; rendering a first value representing the future cash flow of the product plan defined at least in part by the combined remaining balance and based on a natural maturity of the investment; rendering a second value representing the future cash flow available to the product plan defined at least in part by the processed remaining balance and based on borrowing against trust assets; assigning a score representing the ability of the product plan to meet future repurchase obligations based on the first and second values; and providing an output on a dashboard representative of the assigned score.