By law,what percentage of assets must an employee stock ownership plan (ESOP)invest in its company's stock?
A)26 percent
B)51 percent
C)80 percent
D)75 percent
E)76 percent

Question

Quizplus · Accepted Answer

By law, an Employee Stock Ownership Plan (ESOP) must invest at least 51 percent of its assets in the stock of the sponsoring company. This requirement ensures that the primary focus of the ESOP is to invest in the company's own stock, providing employees with a stake in the company's success.

By Law,what Percentage of Assets Must an Employee Stock Ownership