Why a private equity executive wants more businesses to adopt employee stock ownership plans
HR Brew
OCTOBER 7, 2024
The structure of the benefit, known as an employee stock ownership plan (ESOP), was made possible by the 1974 Employee Retirement Income Security Act (ERISA), and is often offered as a type of retirement plan. How HR can make ESOPs work. An ESOP program shouldn’t be seen as a replacement for wages, Blasi told HR Brew.
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