The Code requires that company stock in the ESOP must have full voting rights. In this video, we discuss who votes the shares held in the ESOP.
ESOP Trustee Duties and Shareholder Rights
Since the ESOP trustee is the corporate ...
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Resources
What Classes of Stock Can an ESOP Own?
There are multiple classes of stock that an ESOP can own. In our video, we discuss the different classes of stock.
Classes of Stock
The Internal Revenue Code defines employer securities for privately held companies as including ...
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Coverage Rules For 401(k)’s and Other Qualified Plans – Part 3. Average Benefit Test and the Minimum Participation Rule
This is the third in a series of articles designed to inform you of the significance of the so-called "coverage rules" and the "minimum participation rules" applicable to qualified retirement plans, (here are Part 1 and Part 2 if you missed them). In ...
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SIMPLE 401(k) Versus a Safe Harbor 401(k): The Pros and Cons for Your Small Business
Choosing the right retirement plan for your small business is crucial for attracting and retaining talent while ensuring compliance with IRS regulations. Two plans that may be options for small businesses are the SIMPLE 401(k) plan and the safe ...
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New Continuing Education Course for CPAs: ESOPs – What to Say When a Client Asks
CalCPA has a new virtual course with CPE credit designed specifically for CPAs: ESOPs - What to Say When a Client Asks. CPAs play a critical role in guiding corporate clients through complex financial situations, including those related to succession ...
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Corporate Governance for Private ESOP Companies
Retirement plans are the principal institutional shareholders in the stock markets. These institutional investors believe that sound corporate governance is a key ingredient in successful companies. To maximize their returns, they look for companies ...
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Confused by the terminology? Check our Glossary of Terms