Employees throughout the US have benefited thanks to a concept which is the most common form of employee ownership in the country.
Employee Stock Ownership Plan (ESOP) is a form of employee benefit plan similar in ways to a profit-sharing plan. An ESOP involves a company setting up a trust fund into which it contributes new shares of its own stock or cash to buy existing shares. The ESOP can also borrow money to buy new or…
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