Which plan uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement?
A)cash plan
B)Lincoln incentive system
C)Jefferson incentive system
D)deferred profit-sharing plan
E)employee stock ownership plan

Question

Quizplus · Accepted Answer

An employee stock ownership plan (ESOP) uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement.

Which Plan Uses a Trust to Hold Stock in Individual