Business, 09.03.2020 19:48 Donlito6997

Emily, age 58, has been a participant in the Icon, Inc. ESOP for fifteen years. She plans to retire at 65. At the end of this year, Emily’s entire account balance is comprised of Icon stock valued at $1,000,000. Emily believes that Icon has a bumpy future ahead and would like to diversify some of her ESOP investments. (She has not diversified any interest in ICON prior to this time.) How much must Icon allow Emily to diversify this year?

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Emily, age 58, has been a participant in the Icon, Inc. ESOP for fifteen years. She plans to retire...