The ESOP Association
ESOP Association Resources
Jun. 05
President Trump’s Nominee for Assistant Secretary of Labor and Head of EBSA Signals Major Shift in Dep. Of Labor’s Posture Toward ESOPs During Confirmation HearingDuring his confirmation hearing today, Daniel Aronowitz, President Trump’s nominee to lead the Employee Benefits Security Administration (EBSA) as Assistant Secretary of Labor, signaled a sea change in how the Department of Labor (DOL) views ESOPs under this Administration. EBSA is the chief regulator of ESOPs at the DOL under the Employment Retirement Income Security Act (ERISA).
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Jul. 19
Several major tax incentives for ESOPs become law in the 1984 tax act, including:
Deductible dividends paid on ESOP stock.
Tax-free rollover for gains on stock sold to an ESOP.
Deductible dividends paid on ESOP stock.
Tax-free rollover for gains on stock sold to an ESOP.
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