Employee Stock Ownership Plans (ESOP)

An ESOP is a type of profit sharing plan that is required to invest primarily in the employer's stock. Although the rules surrounding an ESOP are unique and differ from those which apply to a regular profit sharing plan, the general principals are the same.

As the name implies, employees have some ownership in the employer. As owners, employees may be more motivated to improve corporate performance because they can benefit directly from company profitability.

Contact us to discuss how an Employee Stock Ownership Plan may benefit your company.