Employee Stock Ownership Plan
GPTKB entity
Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
employee benefit plan
|
| gptkbp:abbreviation |
gptkb:ESOP
|
| gptkbp:allows |
employees to acquire company stock
|
| gptkbp:benefit |
employee
|
| gptkbp:can_borrow_funds |
yes (leveraged ESOP)
|
| gptkbp:canBe |
corporate finance
employee motivation succession planning employee retention business succession corporate tax deduction |
| gptkbp:distribution |
upon retirement, death, or termination
|
| gptkbp:establishedBy |
employer
|
| gptkbp:governedBy |
gptkb:Employee_Retirement_Income_Security_Act
|
| https://www.w3.org/2000/01/rdf-schema#label |
Employee Stock Ownership Plan
|
| gptkbp:notToBeConfusedWith |
employee stock purchase plan
stock option plan |
| gptkbp:originatedIn |
1950s
|
| gptkbp:ownership_transfer |
from employer to employees
|
| gptkbp:popularizedBy |
gptkb:Louis_O._Kelso
|
| gptkbp:purpose |
provide employees with ownership interest in the company
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
gptkb:U.S._Department_of_Labor |
| gptkbp:relatedTo |
profit sharing plan
stock bonus plan |
| gptkbp:subject |
fiduciary responsibility
vesting schedule |
| gptkbp:tax_advantage |
tax-deferred contributions
|
| gptkbp:type |
defined contribution plan
retirement plan |
| gptkbp:used_in |
gptkb:United_States
|
| gptkbp:bfsParent |
gptkb:Louis_O._Kelso
|
| gptkbp:bfsLayer |
7
|