ESOPs and 401(k)s
There is general awareness of what a 401(k) plan is and its purpose. ESOPs, on the other hand, are a less commonly known structure. Both are qualified retirement plans, but what are the main differences and similarities between an ESOP and a 401(k)? This handout highlights how the two retirement plans compare at a high level.
Ideas for using this month’s resource:
- Use during the hiring process
- Incorporate into onboarding materials and employee handbook
- Discuss in team or company meetings
