The PPT pays all costs to administer the ESOP after set-up, which is normally paid by the employer/trading entity. Admin is done centrally by Succession Plus. Whilst the admin is not rocket science, it is very important it is done correctly. We have had one client who suffered a payroll tax audit because the admin was managed by their accountant incorrectly. The typical ESOP costs about $5,000 p.a. to run including bank, admin and accounting fees. It needs to lodge a tax return. Our admin fee includes an annual valuation, which is also required by law.