Political Quotes

On the recordApril 11, 2002
secondly, a company may continue to make contributions to such an employee stock ownership plan, an ESOP, for purposes of meeting the safe harbor provisions of the nondiscrimination test established by section 401(k), and that such contributions would not be subject to the diversification requirement established by this legislation.
Said by
John Shadegg
Arizona

Editor's note · Context

Discussing provisions related to employee stock ownership plans during a legislative session.

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