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Employee Stock Ownership Plan
An employee stock ownership plan (ESOP) is a qualified retirement plan that invests primarily in employer stock. ESOPs can be an attractive option for business owners looking for an exit strategy and a way to motivate and reward employees. They provide a flexible, tax-advantaged solution which can benefit selling shareholders, the company and employees.
Although an increasing number of companies are using them, the benefits of an ESOP are commonly misunderstood. Read our insights below to learn more about advantages and considerations of this type of plan.
Featured insights
INSIGHT ARTICLE
How an ESOP can preserve a business and a legacy
What is the right succession plan? For many in the construction industry, the answer is often found in the employee stock ownership plan.
TAX ALERT
DOL issues interim rule on lifetime income disclosure
The DOL’s lifetime income disclosure rule will increase costs and information required for benefit statements in defined contribution plans.
TAX ALERT
Implications for retirement plans from COVID-19
Employers should review retirement plan provisions for employee assistance and cash saving opportunities in response to economic conditions.
WHITE PAPER
Don’t put your employee stock ownership plan on autopilot
Companies often need to review ESOPs as changes arise in the business, employee demographics and in the economic environment.
WHITE PAPER
Accounting for ESOP transactions
The fundamentals of accounting for leveraged ESOP transactions and what plan sponsors and their advisors can anticipate