By law,what is the minimum percentage of assets that an ESOP must invest in its company's stock?
A) 10
B) 26
C) 51
D) 60
E) 76

Question

Quizplus · Accepted Answer

According to the Employee Retirement Income Security Act (ERISA), an ESOP must have at least 51% of its assets invested in the company's stock. This is to ensure that the ESOP is actually benefitting the employees by allowing them to have a stake in the company's success. While an ESOP may choose to invest more than 51% in company stock, it cannot invest less than this minimum requirement.

By Law,what Is the Minimum Percentage of Assets That an ESOP