The US House of Representatives’ Committee on Education and Workforce recently advanced three retirement-related bills, including the bipartisan Retire through Ownership Act, which aligns Employee Stock Ownership Plan (ESOP) valuations with Internal Revenue Service standards. Allison Wilkerson said the bill would “go a long way” in reducing the valuation and fiduciary risk for ESOP trustees who currently depend heavily on case law due to limited formal guidance.
Learn more about these retirement-related bills in this PLANSPONSOR article.
