ESOP statement requirements?
MrCreosote
144 Posts
An employee asked me about her ESOP at her previous company, and we don't have one so I have no experience with them. Her question is whether or not a company with an ESOP is required to issue statements at any particular time, such as quarterly. She said that they never send anything at all concerning her balance. It is 100% employer contributions, with waiting periods before funds can be moved, if that matters.
Comments
So just in case it might help get you an answer (& partly because I'm curious)....What is ESOP?