Updated February 8, 2021
Unlike the typical 401(k) plan, ESOPs aren't an "off-the-shelf" retirement plan.
Until recently, each ESOP plan had to be individually designed to serve a specific set of purposes. The IRS recently allowed ESOP plan ...
[Read more] about How An ESOP Program Is Put Together – Some Assembly Required
Resources
Who Are the ESOP’s Trustees and How Do I Determine That?
ESOP trustees are selected by the Board of Directors. Watch our video to learn more about how to choose your ESOP trustees.
ESOP Trustees
The law requires the board to be responsible for the prudent selection, monitoring, ...
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Who Is Legally Responsible for Valuing the ESOP Stock?
The ESOP appraisal process is the legal responsibility of the trustee. Learn more about the process in this video.
ESOP Valuation
The ESOP trustee is the owner of the shares and must report the value of the stock ...
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Who Participates in the ESOP?
Since an ESOP is a qualified retirement plan, it is subject to the same eligibility and coverage rules as other plans such as profit-sharing plans. Watch our video to learn more about who participates in the ESOP.
ESOP ...
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Who Decides How to Use ESOP Dividends?
ESOP dividends are earnings of the trust and subject to the investment decisions of the ESOP trustee. Learn more about who decides how to use ESOP dividends in our video.
ESOP Dividends
ESOP dividends are typically planned for and ...
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Who Are ESOP Fiduciaries and What Are Their Responsibilities?
All qualified retirement plans are required under ERISA to have two types of fiduciaries. Watch the video to learn more.
Types of Fiduciaries
The types of fiduciaries required for qualified retirement plans are a trustee and an ...
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Confused by the terminology? Check our Glossary of Terms