A Krammer Stock Ownership Plan, or KSOP, is a type of retirement plan that combines features of an Employee Stock Ownership Plan (ESOP) and a 401k. It allows employees to save for retirement while also becoming part-owners of the company through stock. With a KSOP, the company can contribute its own stock instead of or alongside cash, and employees may also make their own contributions like in a regular 401k. This structure can help businesses reward employees, improve retention, and give workers a personal stake in the company’s success. For employees, a KSOP offers both the chance to build retirement savings and to benefit from the company’s growth over time. It typically includes the same investment and tax advantages as a 401k, while also offering the potential of owning company shares.