ESOP Employee Stock Ownership Plans
An ESOP Employee Stock Ownership Plans is an IRC section 401(a) qualified defined contribution plan that is a stock bonus plan or a stock bonus/money purchase plan. An ESOP must be designed to invest primarily in qualifying employer securities as defined by IRC section 4975(e)(8) and meet certain requirements of the Code and regulations. The IRS and Department of Labor share jurisdiction over some ESOP features.
If you would like to know more about ESOP’s or any other service on the site, please fill out an inquiry, send us an email or give us a call. A professional from our team will reach out.
Click HERE to go to our contact page. A form is also available at the bottom of this page.