napa-net18d
DOL Releases Proposed Guidance on ESOP Valuations
The Department of Labor (DOL) released a new rule proposal governing the appraisal of shares in an employee stock ownership plan (ESOP).
planadviser.com19d
DOL Proposes Rule to Clarify ‘Adequate Consideration’ for ESOP Transactions
According to a 2023 report by Matrix Global Advisors, the lack of valuation rules had deterred ESOP creation. Highlights From the Proposal The proposed rule introduces updated standards and procedures ...