Guest mspencer Posted February 11, 2004 Posted February 11, 2004 Anybody out there using Relius to process ESOP's? If so, is there a Relius ESOP users group, and if not are you interested in forming one? I'm not sure how you go about doing so, but I figured this is as good a place as any to start!
BeckyMiller Posted February 13, 2004 Posted February 13, 2004 We have found Relius unhelpful for leveraged ESOPs. We end up having to customize way too many allocations. Cost basis tracking doesn't work readily when you are releasing shares from multiple loans with different original costs, etc. On the other hand, for non-leveraged ESOPs, particularly KSOPs, it is quite delightful.
Guest Cipote Posted March 10, 2004 Posted March 10, 2004 I am currently in the market for some ESOP recordkeeping software. Relius is one I am considering. Are you pleased with the software so far?
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