Awesome information, I thank you so much. This video lit a spark to make changes for the betterment of our company. I'm a lead in a small department. However, good honest information will always spread like wildfire.
At my company, our ESOP is completely separate from our 401k’s. We contribute to our 401k’s but only the company contributes to our ESOP accounts. I work for a private S corporation.
End of year Profit divided into shares. I retired from an ESOP supermarket, after 25yrs had 3mil...1.5 after the divorce. Lol Biggest negative issue, huge tax liability for the employee. 45%👈 Fellow retirees can easily run into trouble. 😢
@@grandpa7278 so the employees essentially do pay for their shares but they pay for it through the profits of the company they own if I understand correctly?
Very informative... Great job covering a lot of the fundamentals in a manner that can be easily understood.
Awesome information, I thank you so much. This video lit a spark to make changes for the betterment of our company. I'm a lead in a small department. However, good honest information will always spread like wildfire.
Thank you! Best explanation I've heard of the ESOP basics.
Awesome ESOP 101 video. Thank you so much!
Excellent!
At my company, our ESOP is completely separate from our 401k’s. We contribute to our 401k’s but only the company contributes to our ESOP accounts. I work for a private S corporation.
My biggest question is if the employees don’t pay for the shares, than who’s paying for the shares?
End of year Profit divided into shares.
I retired from an ESOP supermarket, after 25yrs had 3mil...1.5 after the divorce. Lol
Biggest negative issue, huge tax liability for the employee. 45%👈
Fellow retirees can easily run into trouble. 😢
@@grandpa7278 so the employees essentially do pay for their shares but they pay for it through the profits of the company they own if I understand correctly?