Читать книгу Auditing Employee Benefit Plans - Josie Hammond - Страница 16

These are substantially similar to profit-sharing plans. The primary difference is that they are expected to make plan distributions in employer securities; however, in recent years, even that requirement has been diluted. As such, other than employee stock ownership plans (ESOPs), you rarely see a stock bonus plan.

You may encounter a stock bonus plan as a component of an ESOP sponsored by an S Corporation. Because of a very rigorous testing rule that applies solely to these arrangements, it sometimes becomes necessary to transfer a portion of the shares out of the ESOP into another non-ESOP defined contribution plan or component within a single plan. This could include a profit-sharing, stock bonus or 401(k) plan.