So your company offers an ESOP huh? Well, that’s nice, but what even is an ESOP? And what does it mean for your financial plan? We’ll get into more detail later, but for now, I like to think of ESOPs like coffee sweetener to a good cup of retirement plan coffee. While it’s not needed for your retirement plan, it can add a wonderful sugary boost. But you don’t want too much sugar in your coffee, or you’ll get sick. So first, let’s talk about the basics.