As of September 2024, Empower, a leading provider of retirement and wealth management services, announced that it has acquired Plan Management Corporation (PMC), the creator of OptionTrax®, a leading digital equity plan administration platform and service provider. Along with the acquisition of PMC, Empower announced the establishment of Empower Stock Plan Services, LLC, which provides a full spectrum of digital equity compensation services, addressing all award types for private and public company stock plans of any size. ESPS offers a globally innovative equity administration platform, with an unprecedented level of automation and customization for plan administration and reporting. This powerful solution is backed by a dedicated team of Certified Equity Professionals (CEPs) with a strong service culture and over 30 years of experience. Learn more about the announcement and services on Empower.com.
OptionTrax® was developed by Plan Management Corp (PMC). Established in 1992, PMC began as an affiliate of StockTrans, one of the country’s leading stock transfer agents (StockTrans was purchased by a New York Stock Exchange company in 2010). Our early plan administration software grew out of the needs of our clients; what was available at the time was clunky, slow and non-intuitive. It has always been our mantra that if you don’t like what you see, make it better yourself. So we did. After years of developing and enhancing our own plan administration and expensing system, OptionTrax, and our own securities record keeping system, InvestmenTrax℠ (now the OptionTrax Cap Table module), we are thrilled to present the most intuitive and easy-to-use system on the market. PMC has led the industry in rapid development, and we continually work to enhance both platforms to meet changing industry requirements and customer needs. There is no stuffing a square peg into a round hole with OptionTrax.
Thanks to PMC’s origins as part of a stock transfer company, OptionTrax is uniquely positioned to also help private and pre-IPO companies manage the entire lifecycle of their securities. The OptionTrax platform beyond cap table management to provide full securities record keeping and ledgers, shareholder investment, redemption and distribution event management, and has become a key steppingstone for companies considering an IPO or acquisition event. OptionTrax is the only platform that supports transition from private-to-public issuer with no data conversion or platform change required.