Employee Stock Ownership Plans:

Allocation of Assets in Selected Plans

HRD-89-91: Published: Jun 5, 1989. Publicly Released: Jun 5, 1989.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on: (1) how much stock participants in employee stock ownership plans (ESOP) receive; (2) the value of participants' ESOP accounts; and (3) how benefits are allocated among ESOP participants.

GAO reviewed nine ESOP established in 1985, and found that: (1) ESOP ownership of company stock ranged from 2.2 to 100 percent of outstanding stock; (2) five plans owned less than 15 percent and four plans owned over 50 percent of their company's stock; (3) individual participant account balances ranged from $467 to $38,311; (4) all of the plans allocated assets based on participants' salaries, and one plan allowed additional credit for years of service; and (5) the participants with the highest percentage of ESOP assets in three plans were company officers who held non-ESOP stock, while two other plans excluded company officers from ESOP participation.

Oct 1, 2018

Jun 4, 2018

May 22, 2018

May 21, 2018

May 17, 2018

Mar 7, 2018

Mar 5, 2018

Feb 21, 2018

Jan 8, 2018

Looking for more? Browse all our products here