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Chapter 4. No Plan Is an Island > Employee Stock Ownership Plans

Employee Stock Ownership Plans

Employee stock ownership plans (ESOPs) fall into that fringe category of little-used retirement plans. In an ESOP, your employer deposits shares of the company stock that provide a deduction to the company and establish your stake in the company. The problem with these plans is that you have no control over your shares until you have been with the company for about 10 years and are over age 55. Additionally, the tax treatment of these plans is very complex and requires the services of competent tax counsel.


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