In this episode, we are joined by Maria Thiel & Blake Head to discuss the world of Employee Stock Ownership Plans (ESOPs) & SECURE 2.0. The discussion focuses on the three provisions in SECURE 2.0 that relate to ESOPs:

• Deferral of tax for certain sales of employer stock to employee stock ownership plan sponsored by S Corporation starting in 2028.
• Certain securities treated as publicly traded in case of employee stock ownership plans.
• Worker Ownership, Readiness, and Knowledge (WORK Act).

Key Takeaways:

Welcome

[2:51] Updates in the ESOP world

[6:17] Three provisions in SECURE 2.0 that relate to ESOPs

[7:00] Section 114

[11:24] Section 123

[14:25] Worker Ownership, Readiness, and Knowledge

[20:22] Conclusion

Resources:

BDO.com

BDO.com/ERISA

Blake Head on LinkedIn

ESOP Advisory: BDO Capital Advisors, LLC

Disclaimer:

Investment banking products and services within the United States are offered exclusively through BDO Capital Advisors, LLC, a separate legal entity and affiliated company of BDO USA, LLP, a Delaware limited liability partnership and national professional services firm. For more information, visit www.bdocap.com. Certain services may not be available to attest clients under the rules and regulations of public accounting. BDO Capital Advisors, LLC Member FINRA/SIPC.