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

ESOP stands for Employee Stock Ownership Plan, in which the company offers its employees the ability to earn company stock for the duration of their employment. This type of plan can provide a powerful incentive for employees to work hard and help the company grow, as they will benefit directly from its success. SEP and SIMPLE plans are types of retirement plans that do not offer company stock as a benefit, while a 401(k) plan may or may not offer this option.

In Which Type of Retirement Plan Does the Company Offer