Employee Stock Ownership Plan (ESOP)
GPTKB entity
Statements (51)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
retirement plan
employee benefit plan |
| gptkbp:benefit |
retirement savings for employees
tax advantages for employers |
| gptkbp:establishedBy |
employer
|
| gptkbp:feature |
can be combined with other retirement plans
can be leveraged (borrow money to buy shares) can be structured as a leveraged ESOP can be structured as a non-leveraged ESOP can be terminated by employer can be used as an employee incentive can be used for business succession can be used for corporate finance purposes can be used for employee motivation can be used for employee retention can be used in C corporations and S corporations can be used in both public and private companies can be used to buy out owners can be used to raise new equity capital distribution upon retirement, death, or disability employees may vote on corporate matters employees receive company stock can be used to borrow money at a lower after-tax cost may be subject to diversification requirements may provide employees with dividends shares allocated to individual employee accounts subject to ERISA regulations subject to annual nondiscrimination testing subject to annual valuation of company stock subject to contribution limits subject to distribution rules subject to fiduciary standards subject to participant notice requirements subject to plan amendment procedures subject to plan document requirements subject to prohibited transaction rules subject to reporting and disclosure requirements vesting schedule applies |
| gptkbp:firstLegislation |
Employee Retirement Income Security Act of 1974 (ERISA)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Employee Stock Ownership Plan (ESOP)
|
| gptkbp:originatedIn |
gptkb:United_States
|
| gptkbp:purpose |
provide employees with ownership interest in the company
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
gptkb:U.S._Department_of_Labor |
| gptkbp:relatedTo |
gptkb:401(k)_plan
profit-sharing plan |
| gptkbp:taxStatus |
contributions are tax-deductible for employer
employees pay tax upon distribution |
| gptkbp:usedIn |
gptkb:United_States
|
| gptkbp:bfsParent |
gptkb:WinCo_Holdings,_Inc.
|
| gptkbp:bfsLayer |
8
|