ESOP
Workers' stock program
ESOP stands for Employee Stock Ownership Plan, a program that gives workers ownership stakes in the company they work for.
Companies contribute shares to individual employee accounts, which typically vest over time and pay out upon retirement or departure.
ESOPs can align worker and company interests, provide retirement benefits, and offer tax advantages to employers: The company converted to an ESOP, making every employee a part-owner.
Belonging to its staff
- stockGoods kept for sale
- sharesUnits of company ownership
- equityImpartial treatment or ownership value
- ownershipLegal right of possession
vesting · allocation · participant · beneficiary · stake · shareholder · broad-based · democratization
Retiree's ongoing benefit
- 401kEmployer-sponsored retirement savings
- retirement planStrategy for post-work finances
- benefitAdvantage or gain
- trustConfidence in another
fiduciary · distribution · rollover · diversification · retirement savings · deferred compensation · nest egg · retirement account
Purchase of controlling interest
- successionFollowing in order
- leveragedEmployed for advantage
- acquisitionAct of obtaining something
- S-corpTax-elected small business entity
trustee · valuation · repurchase · exit strategy · private company · management buyout · transaction · corporate governance
Benefits regulation abbreviation
- fiduciary dutyObligation to act loyally
- complianceAdhering to requirements
- trusteeOne managing another's assets
- fair market valueObjective exchange price
Offering tax benefits
- deductibleOut-of-pocket threshold amount
- tax-deferredTaxes owed later, not now
- IRCText-based chat protocol
- contributionSomething given to help
pretax · tax incentive · capital gains · tax shelter · deduction · tax-free · estate planning · wealth transfer
employee-owned
Belonging to its staff
- stockGoods kept for sale
- sharesUnits of company ownership
- equityImpartial treatment or ownership value
ownership · vesting · allocation · participant · beneficiary · stake · shareholder · broad-based · democratization · ownership interest
pension
Retiree's ongoing benefit
- 401kEmployer-sponsored retirement savings
- retirement planStrategy for post-work finances
- benefitAdvantage or gain
trust · fiduciary · distribution · rollover · diversification · retirement savings · deferred compensation · nest egg · retirement account · retirement security
buyout
Purchase of controlling interest
- successionFollowing in order
- leveragedEmployed for advantage
- acquisitionAct of obtaining something
S-corp · trustee · valuation · repurchase · exit strategy · private company · management buyout · transaction · corporate governance · business continuity
ERISA
Benefits regulation abbreviation
- fiduciary dutyObligation to act loyally
- complianceAdhering to requirements
- trusteeOne managing another's assets
tax-advantaged
Offering tax benefits
- deductibleOut-of-pocket threshold amount
- tax-deferredTaxes owed later, not now
- IRCText-based chat protocol
contribution · pretax · tax incentive · capital gains · tax shelter · deduction · tax-free · estate planning · wealth transfer
ESOPpension
Retiree's ongoing benefit
401(k) · annuity · profit sharing plan · deferred compensation
Possessing property without presence
investor-owned · corporate raider · sole proprietorship · hostile takeover · management buyout
ESOP401(k)
Tax-advantaged retirement savings account
IRA · annuity · Social Security · hourly wage