A(n)________ is a form of employee benefit plan in which a trust created for employees purchases their employers' stock.

Question

Quizplus · Accepted Answer

ESOP stands for Employee Stock Ownership Plan, which is a type of employee benefit plan that allows a trust to purchase the employer's stock and distribute it to employees. This can provide tax benefits for both the employer and the employees, as well as a retirement savings option for workers. Option A refers to the sale of a controlling interest, which is not necessarily related to employee benefit plans. Options B and C refer to different types of partnerships and corporations, but not specifically related to stock ownership plans.

A(n)________ Is a Form of Employee Benefit Plan in Which