An Employee Stock Ownership Plan is basically a qualified retirement benefit plan.

Name: An Employee Stock Ownership Plan is basically a qualified retirement benefit plan.
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An Employee Stock Ownership Plan (ESOP) is a qualified retirement benefit plan that primarily invests in the stock of the sponsoring employer. The plan is designed to provide retirement benefits to employees and allows them to become owners of the company through stock ownership.

An Employee Stock Ownership Plan Is Basically a Qualified Retirement