ESOP-owned companies

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CARES Act Provisions of Related ESOP-Owned Companies

On March 27, 2020, President Trump signed into law a massive $2 trillion stimulus bill, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act or the Act), aimed at shoring up the U.S. economy in light of the disruption caused by the coronavirus pandemic. In addition to the widely discussed individual stimulus payments,

ESOPs Offer Additional Business Opportunity for Retirement Plan Advisers

A true employee stock ownership plan (ESOP) is one in which all eligible employees—from rank and file to managers and owners—have a piece of ownership of the company through the ESOP, which only has company stock—except for a little cash—as an investment. However, with frequent company stock lawsuits against 401(k) plan sponsors and Department of Labor (DOL) litigation