Founder crosen@nceo.org
Executive Director lrodgers@nceo.org
Withdrawn DOL ESOP Valuation Regulations Provide Insight
Summary
In December 2024, the U.S. Department of Labor (DOL) issued proposed rules that would govern the valuation of company stock in an ESOP. Although the Trump administration withdrew the rules in January, the 2022 WORK Act requires the DOL to issue valuation regulations, so while the fate of those withdrawn rules is uncertain, they provide insight into the DOL’s perspective under the Biden Administration and possibly the new administration. When new political leadership at the department is in office, a new proposal for the rules may be materially different from the withdrawn rules.
