Taught by James Murphy, Willmeng Construction / George Thacker, CSG Partners / John Murdough, CPA and Consultant / Danielle Feroleto, Small Giants
Exploring ESOPs
Learn from speakers who specialize in, consult on and have participated in the ESOP process.
What is an ESOP?
An Employee Stock Ownership Plan (ESOP) is a retirement plan that gives employees an ownership interest in the company through shares of stock. With an ESOP, employees are not just working for the company – they are now working as owners of the company.
Key Benefits of an ESOP:
-Ownership Mentality
-Retirement Security
-Job Satisfaction
Interesting Facts:
-ESOPs are tax-exempt retirement trusts, and account values are not taxed while an employee is earning.
-ESOPs are most prevalent in manufacturing, professional/scientific/technical services, construction, and finance/insurance/real estate.
-Companies with ESOPs and other broad-based employee ownership plans account for well over half of Fortune Magazine’s “100 Best Companies to Work for in America” list year after year.
*A Zoom link will be sent to all attendees upon registration.