Question
Which of the following statements are correct regarding diversification requirements for participants in an ESOP? a. Participants must be at least 55 years old. b.
Which of the following statements are correct regarding diversification requirements for participants in an ESOP?
a. Participants must be at least 55 years old.
b. Participants must have been in the plan for more than 15 years.
c. Up to 50% of a participants ESOP balance can be diversified in the last year of the qualified election period.
d. Two of the above choices.
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
