Judy D
Jun 27 2000, 01:25 AM
When a terminated participant is paid his entire vested interest in cash, and the employer stock that was previously allocated to his account remains in the trust, should that stock be reallocated to the remaining participants' "employer stock" accounts or is it held in the pooled "other investments" portion of the trust?
Kirk Maldonado
Jun 27 2000, 03:35 PM
The "other investments" account in an ESOP is aptly named; it is for investments other than employer stock. Thus, employer stock should never be allocated to the "other investments" account.
RLL
Jun 28 2000, 05:13 AM
What does the ESOP plan document say?
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