ESOPs can pay fair market value for the stock: Stock purchased by an ESOP must be appraised by an independent third party expert working with a trustee for the ESOP who must also be independent from the seller. The ESOP is...more
8/15/2023
/ 401k ,
Allocation of Funds ,
C-Corporation ,
Change of Ownership ,
Employee Benefits ,
Employee Stock Purchase Plans ,
Employer Contributions ,
ESOP ,
Fiduciary Duty ,
Financial Adviser ,
Loans ,
Retirement Plan ,
Stocks ,
Third-Party ,
Trustees ,
Vesting
Although some retirement plan recordkeepers and third-party administrators (TPAs) have reached out to plan sponsors on decisions regarding the optional provisions of the CARES Act, e.g., coronavirus-related withdrawal and...more