In this issue of your chapter newsletter, read a letter from the President, learn about new advocacy initiatives, find out upcoming chapter events, learn about the chapter award winners, see the profile on member company Folience, and meet two new member companies—Woodruff Construction and Dean Snyder Construction.
The ESOP Association
ESOP Association Resources
Jun. 06
After a concerted effort, Congress and the Administration are persuaded to improve the 1996 Subchapter S ESOP Law, and beginning in 1998 it becomes allowable for Subchapter S Corporations to sponsor an ESOP. Previously, S-corporations could not sponsor ESOPs because qualified retirement plans could not own stock in the sponsoring company.