Employee Stock Ownership Plans (ESOP) - Understanding the Basics

[@tommyharris2143]

Very informative... Great job covering a lot of the fundamentals in a manner that can be easily understood.

[@aarontyler1013]

Awesome information, I thank you so much. This video lit a spark to make changes for the betterment of our company. I'm a lead in a small department. However, good honest information will always spread like wildfire.

[@JoelCenter-bm8re]

Thank you! Best explanation I've heard of the ESOP basics.

[@isaacjordan3848]

Awesome ESOP 101 video. Thank you so much!

[@Jim1971a]

At my company, our ESOP is completely separate from our 401k’s. We contribute to our 401k’s but only the company contributes to our ESOP accounts. I work for a private S corporation.

[@TheBalanceSeeker]

Excellent!

[@mathieust-louis2893]

My biggest question is if the employees don’t pay for the shares, than who’s paying for the shares?

[@grandpa7278]

End of year Profit divided into shares. I retired from an ESOP supermarket, after 25yrs had 3mil...1.5 after the divorce. Lol Biggest negative issue, huge tax liability for the employee. 45%👈 Fellow retirees can easily run into trouble. 😢

[@mathieust-louis2893]

@@grandpa7278 so the employees essentially do pay for their shares but they pay for it through the profits of the company they own if I understand correctly?