ESOP Knowledge Check
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Categories
- Acquisition offer question 0%
- Board/Trustee relations question 0%
- Capital allocation question 0%
- ESOP board question 0%
- ESOP employee question 0%
- ESOP fiduciary question 0%
- ESOP funding question 0%
- Government oversight 0%
- Independent director question 0%
- Legislation question 0%
- Leveraged ESOP question 0%
- Liability and Sustainability studies 0%
- Monitoring the trustee question 0%
- Plan assets question 0%
- Reasons to consider ESOPs question 0%
- Repurchase obligation question 0%
- Trustee removal question 0%
- Trustee selection question 0%
- Trustee status question 0%
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Congratulations! You’ve passed the knowledge check. Your digital badge will be sent to the email address associated with your PDA account. Look out for it in a couple of minutes and thank you for choosing to learn with the Private Directors Association and the National Center for Employee Ownership.
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Question 1 of 20
1. Question
Which of the following is the acronym for the 1974 act protecting employee retirement funds? (select one)
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Question 2 of 20
2. Question
Who manages plan assets?
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Question 3 of 20
3. Question
Who can be an ESOP trustee (check all that apply)
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Question 4 of 20
4. Question
Who typically selects an ESOP trustee? (select one)
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Question 5 of 20
5. Question
Which of these statements best defines an ESOP fiduciary? (select one)
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Question 6 of 20
6. Question
Who monitors the trustee? (select one)
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Question 7 of 20
7. Question
When should boards meet with the trustee? (select one)
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Question 8 of 20
8. Question
Can the board remove an ESOP trustee? (Y/N)
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Question 9 of 20
9. Question
When can the board remove a trustee? (select all that apply)
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Question 10 of 20
10. Question
Why might a company consider becoming ESOP-operated? (select all that apply)
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Question 11 of 20
11. Question
How is an ESOP funded? (select one)
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Question 12 of 20
12. Question
What is meant by a leveraged ESOP? (select one)
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Question 13 of 20
13. Question
Which employees usually benefit from an ESOP plan (select one)
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Question 14 of 20
14. Question
Five of the statements below are generally considered true. Which five?
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Question 15 of 20
15. Question
Which of the following criteria form part of emerging repurchase liability? (select all that apply)
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Question 16 of 20
16. Question
What should fill an ESOP board’s 3 buckets?
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Question 17 of 20
17. Question
Does an ESOP need to respond to every acquisition offer? (Y/N)
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Question 18 of 20
18. Question
Does ERISA mandate independent directors for ESOP boards? (Y/N)
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Question 19 of 20
19. Question
What government department oversees ESOPs? (select one answer)
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Question 20 of 20
20. Question
Is there a difference between a repurchase liability study and a sustainability study? (Y/N)
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