In which type of retirement plan does the company offer employees the ability to earn company stock for the duration of their employment?

Question

Quizplus · Accepted Answer

The retirement plan in which the company offers employees the ability to earn company stock for the duration of their employment is an ESOP (Employee Stock Ownership Plan). In an ESOP, the company contributes its stock or cash to buy its stock to the plan, and the employees receive shares of the company's stock as part of their retirement benefits. The employees become partial owners of the company and have a vested interest in its success. This can be a valuable tool for companies to motivate and retain employees and can provide employees with a significant retirement benefit if the company performs well.

In Which Type of Retirement Plan Does the Company Offer