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Home > Resources > ESOP > ESOP Diversification Myths And Misunderstandings

ESOP Diversification Myths And Misunderstandings

February 8, 2017 by Employee Benefits Law Group

Diversification – that often misunderstood process by which “qualified participants” can elect to have some of the shares in their ESOP account distributed to them in cash or rolled over to other investment options.  Read this article for a basic overview of which participants have diversification rights, the choices available to participants, and the timing of the diversification notice, election and execution.

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EDITOR’S NOTE: We did the best we could to make sure the information and advice in this article were current as of the date of posting to the web site. Because the laws and the government’s rules are changing all the time, you should check with us if you are unsure whether this material is still current. Of course, none of our articles are meant to serve as specific legal advice to you. If you would like that, please call us at (916) 357-5660.

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