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How Do We Get Our ESOP Plan Started?

June 17, 2014
Related Topics: Stock-Based Plans, Reward (Recognition) and Incentive Programs, Benefits Design and Communication, Retirement Planning, The Latest, Dear Workforce

My company wants to start an employee stock ownership plan, or ESOP, that defines a vesting year as being an actively employed participant on Dec. 31 of that year and you credited with at least 1,000 hours of employment. Should this include regular hours, overtime hours, and PTO hours? What else might we need to consider?
— ESOP Fable, financial/insurance/real estate, Des Moines, Iowa

employee stock ownership plan
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