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| Number of Employee Stock Ownership Plans (ESOPs), Total
Participants, Active Participants, Assets, Contributions, and
Benefits by type of ESOP, 1994 |
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| Type of Plan | Number of Plans1/ | Total Participants (thousands) | Active Participants (thousands) | Total Assets (millions) | Total Contributions (millions)2/ | Total Benefits (millions)3/ |
TOTAL ESOPS |
8,736 | 7,403 | 6,571 | $222,780 | $15,647 | $16,085 |
| Nonleveraged ESOPs | 6,984 | 3,578 | 3,224 | 63,472 | 4,569 | 5,471 |
| Leveraged ESOPs | 1,753 | 3,824 | 3,346 | 159,308 | 11,078 | 10,614 |
| 1/Excludes plans
covering only one participant. 2/Includes both employer and employee contributions. 3/Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers. Amounts exclude benefits made directly by insurance carriers. NOTES: A leveraged ESOP is one wherein loans are made to the ESOP in order to acquire employer stock or to refinance a prior ESOP loan with the backing of the sponsoring company's credit. The stock is placed in a suspense account and is allocated to employee accounts as the loan is paid. A nonleveraged ESOP does not acquire loans for the funding of stock allocation to employee accounts. SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1994 plan years. |
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