Non-Profit Supportive Concepts For Families Creates An Employee Stock Ownership Program

Supportive Concepts for Families, Inc. (SCFF), a non-profit human service organization in Pennsylvania has created a modified employee stock ownership program (ESOP) pension plan model called C3SOP. To implement the model, SCFF will establish a for-profit holding company to control real estate that will be leased back to SCFF. SCFF will own 51% of the for-profit company's equity, and the ESOP Trust will own the remaining 49%. The ESOP Trust stock is purchased with the annual retirement plan contributions made to the ESOP Trust by SCFF on behalf of its employees.

ESOPs are a type of . . .