Legislation promotes ESOPs for S corporations

04/19/2013 | Accounting Today

Sens. Ben Cardin, D-Md., and Pat Roberts, R-Kan., want to remove barriers that S corporations face in establishing employee stock-ownership plans. The two senators have filed legislation that would encourage S corporations to set up ESOPs and would provide technical assistance for companies interested in doing so. Employees in an ESOP generally have retirement-savings balances as much as five times higher than those with 401(k)s, research has shown.

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