ESOPs - How Long Have They Been Around?

Keeson: ESOPs are a retirement plan governed by the DOL, IRS and rules laid out in ERISA. The key reason is 100 percent as core BSOP. Keeson: When they turn 55 they get to sell 25 percent of their shares back at fair market value. He says Congress has stood up for these 100% S Corp ESOPs in place now over 20 years.