ESOP 101

Society of Financial Service Professionals

On September 25, 2019, Tom gave an introductory presentation on the topic of ESOPs. He explained how ESOPs function as both retirement plans and transition tools, that their intent was to create ownership and retirement assets for working-class Americans, and that they are subject to Department of Labor (DOL) and IRS regulation and compliance. Tom detailed all that an ESOP plan governs and explained why such a plan should be considered, looking at both the advantages and disadvantages, and discussed how the stock price is determined.