OptionTrax Links with Economic Partners, LLC to offer IRS Compliant 409A Valuations to Clients
RADNOR, Pa., March 1, 2018 /PRNewswire/ -- Plan Management Corp. ("PMC"), provider of the leading equity plan administration software system, OptionTrax ®, and the uniquely customizable Insight(sm) system of add-on modules such as payroll interface and total rewards portals, announced today that it has joined forces with Economic Partners, LLC ("EP") to add an independent 409A valuation subscription to the OptionTrax suite of services.
Jonathan Miller, CEO of PMC, remarked, "We are particularly excited about working with EP because of their unparalleled extensive experience in providing 409A valuations to private companies of all types and stages of development. We analyzed both the independent valuation firms and cap table management providers who do not use an independent 409A valuation firm, and we found that EP was head and shoulders above the competition. No other independent has been doing this for over ten years, and they met our criteria of proven competence and the independence that the IRS demands. We know that some of our cap table software competitors are offering in-house 409A valuations, but we believe that that presents an obvious conflict of interest that may or may not pass IRS scrutiny. Our first priority is the success and welfare of our clients and we would not put them in a position where their 409A may not be approved by the IRS or by potential investors or acquirers." You can see more about our thoughts on the importance of independent valuations in our recent blog post.
Trent Read from EP added, "We see supplementing the current OptionTrax offerings as the perfect combination of two long-time industry leaders with unmatched experience in guiding private companies. We know that private companies need to be able to have complete confidence in their equity plan administration and their 409A valuations. We believe the history, experience, and quality of our combined offering is second to none. Together we will be providing seamless, easy interactive data gathering and report production.. Now private companies can be assured they are getting the highest level cap table and equity plan administration and 409A valuation services available in the market today."
The OptionTrax 409A valuation subscription service is available immediately as the solution private companies need, at a price that they can afford. Companies can contact the OptionTrax team at [email protected], or 1-888-OPT-TRAX for more information at no obligation.
About Plan Management Corp. – OptionTrax
Plan Management Corporation (PMC) – OptionTrax® is the industry's oldest provider of web-based stock plan administration and securities recordkeeping software. PMC specializes in providing comprehensive and intuitive software with personal assistance to private and publicly-held companies, using PMC's over four decades of experience in guiding businesses through all stages of their growth. PMC is the only U.S. based provider in the field that is entirely internally funded, broker neutral, and dedicated solely to providing integrated solutions to managing the complete lifecycle of companies' securities and awards. PMC is a Philadelphia regionally based company.
About Economic Partners LLC
Economics Partners (EP) is among the most active valuation firms in the country and has been ensuring the highest quality valuations on the market for over a decade. EP specializes in financial analysis for tax, financial reporting, and strategic matters, providing third-party expert opinions and reports to clients with the most up-to-date information. As a full-service, independent valuation firm, EP guides executives toward better understanding their company as well as meeting regulatory valuation requirements. EP sustains a partner-driven approach wherein partners work jointly with clients on many of their most important valuation matters to ensure they receive what EP is known for, a high-quality work product, supported by a detailed analysis and delivered with excellent service.
Media contact:
Elena Thomas
1-888-OPT-TRAX
[email protected]
SOURCE Plan Management Corp.
Share this article