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Benefit Concepts Systems, Inc.


Benefit Concepts Systems Inc. specializes in the design, installation, and administration of a wide range of qualified and non-qualified benefit programs for both public and private companies. We are recognized nationally for our expertise in the design, financing , implementation and administration of Employee Stock Ownership Plans.

Donald M. Israel, CPA – is a principal in the firm Benefit Concepts Systems, Inc.  The firm is recognized nationally as a leader in the design, implementation and  administration of Employee Stock Ownership Plans (ESOPs).  Don has more than thirty years of experience in public accounting, financial administration and employee benefits.  He is a frequent speaker on ESOPs for the ESOP Association and the National Center for Employee Ownership and has written articles on ESOPs and other benefit related subjects.  Before helping to found Benefit Concepts Systems, he was the Chief Financial Officer for two American Stock Exchange companies and one New York Stock Exchange company.  He was on the Board of Governors of The ESOP Association and is on the Association’s Administrative Committee and was on the Board of Directors of the National Center for Employee Ownership.  Don was the technical reviewer for the AICPA’s revised manuscript for Employee Stock Ownership Plans by Becky Miller and was a contributing editor for IBM’s magazine, Profit.  B.A. Rice University; graduate studies at University of Texas; State of Texas, CPA.

David B. Weinstock, FSA, EA – Dave has more than twenty years of experience in employee benefits, with particular emphasis in the design, implementation, and administration of qualified pension plans and the computation of ESOP repurchase liability.  Before becoming a principal in Benefit Concepts Systems, Dave was an actuary for an international benefits consulting firm and chief actuary for a regional consulting firm.  He is a Fellow of the Society of Actuaries and an Enrolled Actuary under ERISA.  A.B. Rutgers University; M.A. University of Maryland.

Benefit Concepts Systems, Inc.
ESOP Association
NCEO Kelso