Employee Ownership Month Quiz 1: ESOP Facts

Hint: Many answers can be found at ESOPAssociation.org.

When you complete the survey, hit the Done button and you will be directed to a special page on The ESOP Association website for links to more information.

Question Title

1. What legislation codified ESOPs into law? (Required.)

COBRA

Pension Protection Act

Employee Retirement Income Security Act

ESOP Act

None of the Above

Question Title

2. How many employee owners are there in the United States? (Required.)

10.6 million

7.3 million

11.4 million

No one knows

Question Title

3. How many companies have an ESOP in the U.S.? (Required.)

More than 10,000

6,243

1,542

No one knows

Question Title

4. Unlike 401(k)s, ESOPs... (Required.)

Have no option for diversifying investments

Typically require no monetary contribution from employees

Offer payouts that are capped by law at a certain amount

Are not subject to federal regulations for retirement plans

Question Title

5. Companies that obtain a loan to purchase shares for an ESOP can deduct which of the following items? (Required.)

Principal on the loan

Interest on the loan

Neither principal nor interest

Both principal and interest

Employee Ownership Month Quiz 1: ESOP Facts

Hint: Many answers can be found at ESOPAssociation.org.

Question Title

* 1. What legislation codified ESOPs into law? (Required.)

Question Title

* 2. How many employee owners are there in the United States? (Required.)

Question Title

* 3. How many companies have an ESOP in the U.S.? (Required.)

Question Title

* 4. Unlike 401(k)s, ESOPs... (Required.)

Question Title

* 5. Companies that obtain a loan to purchase shares for an ESOP can deduct which of the following items? (Required.)

1. What legislation codified ESOPs into law? (Required.)

2. How many employee owners are there in the United States? (Required.)

3. How many companies have an ESOP in the U.S.? (Required.)

4. Unlike 401(k)s, ESOPs... (Required.)

5. Companies that obtain a loan to purchase shares for an ESOP can deduct which of the following items? (Required.)