An agreement between Wilmington Trust and the DOL pays funds to ESOPs and includes costs for penalties and legal fees.
The ESOP Association
ESOP Association Resources
May. 04
In this special 24-page issue get ideas on managing in a crisis, help planning for the reopening of your workplace, news of TEA’s expanding advocacy efforts and member benefits, updates on new webinars, and more!
Chapter News, Resource
May. 31
Chapter ESOP Company of the Year; summary of H.R. 2092.
Resource, ESOP Report, Legal Update, Ownership Advantage, Washington Report
May. 01
Large, high-energy crowd shares the love for ESOPs at the 2017 Annual Conference.
Oct. 22
Building upon the 1984 law, the Tax Reform Act of 1986 strengthens tax incentives for ESOPs. Deductibility of dividends on ESOP stock paid to plan participants AND deductibility of dividends used to pay debt are included in the landmark bill which overhauled the U.S. tax code.