8 ESOP Myths Debunked
When considering employee benefit and owner succession plan alternatives, business owners often overlook the possibility of an ESOP: an Employee Stock Ownership Plan. …
Introduction to ESOPs
ESOP ESOP stands for Employee Stock Ownership Plan. ESOPs, like other employee benefit plans, offer advantages to business owners, companies, and employees alike. …
ESOP Diversification: What Is It and What Is Required?
Section 401(a)(28)(B) of the Internal Revenue Code creates a requirement for ESOPs holding employer securities to allow for the diversification of a participant’s stock account once they become a Qualified Participant.
What Do You Mean By “Year”?
When someone says “Happy New Year” or “have a good year,” most of us do not stop to think what that means. We …
ESOP FAQ | How ESOPs Work
What Is an Employee Stock Ownership Plan Employee Stock Ownership Plans (ESOPs) are also known as Employee Share Ownership Plans. An ESOP business …