Our full service ESOP administration group provides fast, reliable and accurate ESOP administration and ESOP recordkeeping services for nearly 1,000 ESOPs nationwide. Our staff of trained and experienced administrators can handle all of your ESOP recordkeeping needs no matter how complex or complicated. All of our administrators have been trained as accountants and/or CPAs, and their average years of service with the Menke Group is in excess of 13 years of service.


John D. MenkeSandy K. O’Sullivan

sosullivan@menke.com | (415) 318-1022

Senior Benefits Consultant

Sandy K. O’Sullivan is a Senior Benefits Consultant with 20 years of Benefits Administration experience with Menke & Associates, Inc. Ms. O’Sullivan came to the firm with a data processing and programming background. In her early years with the firm she focused on the computer programming aspects of benefits administration. For the last 10 years, Ms. O’Sullivan has specialized in providing consulting and administrative services for leveraged and non-leveraged ESOPs. Ms. O’Sullivan received a B.A. degree in sociology from the University of Hawaii and a certificate in programming from the Control Data Institute in San Francisco.

Kyle ColtmanDeborah Fulton

dfulton@menke.com | (415) 318-1013

Manager – San Francisco Office

Deborah Fulton has worked for Menke & Associates, Inc. as a Senior Benefits Administrator for over 19 years. Prior to joining Menke & Associates, Inc., Ms. Fulton was a Senior Benefits Consultant with Coopers & Lybrand for 9 years. Ms. Fulton received her B.S. degree in mathematics from the University of California at Berkeley.

Richard B. RoseVictor Alvaro

valvaro@menke.com | (415) 318-1050

Manager – Atlanta Office

Victor Alvaro has been involved in employee benefits specializing in qualified plan administration since 1980. Prior to joining Menke & Associates, Inc. in 1994, he was first exposed to the administration of Defined Benefit Plans and the actuarial requirements relating to such Plans. In addition, he was involved in the design, installation and administration of numerous Defined Contribution Plans including Profit Sharing, Money Purchase, 401k, Target Benefit and Employee Stock Ownership Plans for small corporations, sole proprietors and partnerships. He has extensive knowledge in the design, communication and technical aspects of qualified Plans. Victor’s concentration in Employee Stock Ownership Plans started in 1994 when he joined the San Francisco offices of Menke & Associates, Inc. There he was responsible for the administration of a number of Employee Stock Ownership Plans. The Plans encompassed various degrees of complexity and size for companies all over the nation. Victor relocated to the Atlanta, GA area in 1997 and assisted with the opening of the Menke & Associates, Inc office in Roswell, GA. He currently is Regional Manager of the eastern division offices of Menke & Associates Inc. and is responsible for the administration of several Employee Stock Ownership Plans. He is well versed in the technical issues surrounding the administration of Employee Stock Ownership Plans including leveraged transactions, 1042 elections, contribution and dividend allocation and limitations, share repurchases, diversification and S-Corp anti-abuse. Victor is a member of the ESOP Association, The ESOP Association Administrative Advisory Committee, the National Center for Employee Ownership and the American Society of Pension Professionals and Actuaries where he holds the credential of Qualified 401k Administrator (QKA.) He received his education from San Francisco State University as an accounting major.

Bruce C. ArmstrongR. Thomas Eschbach

teschbach@menke.com | (847) 290-1515

Manager – Chicago Office

Tom Eschbach joined Menke & Associates, Inc. to head up the Chicago office of the firm. Prior to opening the Chicago office, Mr. Eschbach was a Senior Staff Account-ant for the Protection Mutual Insurance Company where he was in charge of the management of the accounting staff. Prior to that, Mr. Eschbach was employed as a CPA by a Chicago-based public accounting firm. Mr. Eschbach has over 18 years of experience in financial reporting, investment accounting and tax return preparation. Mr. Eschbach received his B.B.A. degree from Valparaiso University in 1982 and became a Certified Public Accountant in 1993.

Sherman O. CoultasAnne M. Johnson, QKA, QPA

ajohnson@menke.com | 815-806-9833

Senior Benefits Consultant

Prior to joining Menke & Associates, Inc. in 2001, Ms. Johnson was Profit Sharing Supervisor for the McDonald’s Corporation 401(k) Plan, the Employee Stock Ownership Plan and the Deferred Income Plan in Oak Brook Illinois.  Prior to that, Ms. Johnson was a Retirement Plan Consultant for Griffin Pension Services in South Hamilton, Massachusetts and an Actuarial Assistant for Holzman, Post, Ludwig & Schwartz in Arlington Heights, Illinois. Ms. Johnson obtained her B.A. degree in l987 from Lewis University. She obtained her M.B.A. degree in accounting from the Keller Graduate School of Management in 2000 and became a Certified Public Accountant in 2001.

Phillip DeDominicisDeepa Ayer

dayer@menke.com | (415) 318-1020

Senior Benefits Consultant

Deepa Ayer first joined Menke & Associates, Inc. in 2002.  Prior to that, Ms. Ayer served as Vice President, Retirement Plan Services, for the Riggs Bank in Washington, D.C., and had over 8 years of experience in administering ESOPs and other defined contribution plans. Ms. Ayer received her Bachelor of Commerce degree, with an emphasis in accounting and auditing, from the University of Delhi in Delhi, India, in 1991.

Richard M. AchesonPatricia A. Barnes

pbarnes@menke.com | (770) 518-4401

Senior Benefits Consultant

Prior to joining Menke & Associates, Inc. in 2003, Ms. Barnes had 12 years of experience in retirement plan consulting and recordkeeping services, including 4 years with Signet Trust Company, 3 years with PNC Bank, and 2 years with Northern Trust Retirement Consulting. Ms. Barnes’ experience also includes 2 years experience as an Adjunct Instructor in Accounting and Business at Bryant & Stratton College. Ms. Barnes obtained her A.A.S. degree from J. Sargeant Reynolds Community College in l994, her B.S. degree in Organizational Management  from Saint Paul’s College in l996, and her Master’s Degree in Business Administration  from Central Michigan University in l998.

Mark BowersFrancis Joseph McCaffery

fmccaffery@menke.com | (302) 884-6732

Manager – Wilmington Office

Fran McCaffery came to Menke & Associates, Inc. with 18 years of experience in Employee Benefit Plan administration.  Mr. McCaffery manages the Wilmington, Delaware, office of Menke & Associates, Inc. Prior to joining Menke & Associates, Inc.,  Mr. McCaffery spent 18 years as a  Team Leader and/or Manager of Plan Administration for Trustar Retirement Services in Wilmington, Delaware. Mr. McCaffery received his Bachelor of Science degree in accounting from Goldey-Beacom College in Wilmington, Delaware.