What is an ESOP, EP 26

In today's episode of Equity Compensation Guidebook, I'm going to break a bit from the normal equity compensation topics and talk about ESOP's, which stands for Employee Stock Ownership Plan. I've had quite a few people ask me about these recently and thought if people are asking I should probably do a quick episode on them. A simple explanation of an ESOP is that it's a company funded retirement plan that holds company stock in accounts for participants. It's safe to say it is similar to a profit sharing plan. 

You will want to hear this episode if you are interested in...

• Explanation of an Employee Stock Ownership Plan [1:29]
• Highlights of an ESOP [2:56]
• One tool in your retirement plan toolbox [4:39]
• Distribution rules [5:53]
• This week’s FLASHBACK [8:39] 

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