Farmer & Betts, Inc.
Loren D. Stark Company
EPIC Retirement Plan Services
Hochheiser Deutsch & Co, Inc.
Retirement Plan Consultants
Plumbers Local Union No. 1 Benefit Funds
Nicholas Pension Consultants
RTD Financial Advisors
ERISA Services, Inc.
Kentucky Trust Company
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|Employee Ownership Update for December 18|
National Center for Employee Ownership [NCEO]
Dec. 18, 2002
NCEO executive director Corey Rosen discusses the first IRS ruling to address S corporation ESOP abuses--here, the use of shell corporation ESOPs that were set up before the March 14, 2001, grandfathering deadline for the anti-S corporation abuse rules in EGTRRA, and later sold to companies for use as tax avoidance mechanisms. The update also covers a study of declining stock option use in California's Silicon Valley.
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