An ESOP trust is a legal entity that holds the shares of stock in a company on behalf of the company’s employees. The trust is managed by a trustee, who is responsible for investing the trust’s assets and distributing them to employees under the terms of the ESOP plan.

October 3, 2023
How do ESOPs Work?
Employee Stock Ownership Plans, commonly known as ESOPs, represent a unique and powerful model of employee ownership in businesses across the United States and beyond. These […]