Employee Stock Ownership Plans
GPTKB entity
Statements (49)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
employee benefit plan
|
| gptkbp:abbreviation |
gptkb:ESOP
|
| gptkbp:advantage |
yes
|
| gptkbp:allows |
employees to acquire company stock
|
| gptkbp:annualValuation |
required
|
| gptkbp:benefit |
employers
employees |
| gptkbp:canBe |
corporate finance
employee motivation business succession |
| gptkbp:canBeLeveraged |
yes
|
| gptkbp:canBeNonLeveraged |
yes
|
| gptkbp:canBorrowFunds |
yes
|
| gptkbp:commonIn |
public companies
private companies |
| gptkbp:distributionForm |
cash
company stock |
| gptkbp:establishedBy |
gptkb:Employee_Retirement_Income_Security_Act
|
| gptkbp:feature |
vesting schedule
company contributions distribution upon retirement or separation diversification rights |
| https://www.w3.org/2000/01/rdf-schema#label |
Employee Stock Ownership Plans
|
| gptkbp:introducedIn |
1974
|
| gptkbp:provides |
voting rights to employees
|
| gptkbp:purpose |
employee ownership
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
gptkb:U.S._Department_of_Labor |
| gptkbp:relatedTo |
gptkb:401(k)_plan
stock options employee ownership trust profit-sharing plan |
| gptkbp:subject |
gptkb:IRS_regulations
fiduciary duty reporting requirements early withdrawal penalties nondiscrimination testing contribution limits diversification requirements ERISA rules distribution rules taxation on distribution vesting rules |
| gptkbp:trust |
appointed by company
|
| gptkbp:type |
retirement plan
qualified defined-contribution plan |
| gptkbp:usedIn |
gptkb:United_States
|
| gptkbp:bfsParent |
gptkb:ESOPs
|
| gptkbp:bfsLayer |
7
|