The AACE Competition identifies companies that excel at communicating with employee owners and the larger community about ESOPs. Apply for the AACE and EOM Poster Competitions today.
In the simplest terms, an Employee Stock Ownership Plan (ESOP) is a retirement plan where the ownership of the company is held in trust for the benefit of the employees of the company. The Trust buys the company on behalf of the employees and uses the profits of the company to pay off the loan used in the purchase. This means the employees don’t pay out of their wages or income, but gain ownership as a result of their work. Because of this, an ESOP is much more than a retirement plan.
For over 43 years, The ESOP Association has successfully represented the interests of millions of Employee Owners and their companies in Washington, DC and state capitols across the nation. The ability to form and operate an Employee Stock Ownership Plan is fundamentally rooted in the laws that were passed to allow their existence. The ESOP Association’s Advocacy on public policy remains one of the most important services provided by the Association to our members.
During the last four decades, The ESOP Association has been called upon to promote new ideas that would make Employee Ownership more accessible and to protect the tax laws that make employee ownership financially and structurally feasible. You can learn more about this important history of success, and become part of that movement yourself, in our Advocacy section.
The ESOP Association and Employee Ownership Foundation have launched a new video series aimed at shedding light on why companies decide to become employee owned, how they initiate their search for information, and the impacts employee ownership has on a business.
Employee Equity Investment Act Would Expand Employee Ownership by Increasing Critical Access to Capital for ESOPs
Washington, D.C. – The ESOP Association today praised the introduction of the bipartisan Employee Equity Investment Act (EEIA) in the House and Senate.
Congressional negotiators early this morning released the Consolidated Appropriations Act of 2023 which includes numerous top priority provisions sought by The ESOP Association on behalf of its membership.
The ESOP Association released the following statement on the unexpected passing of Will Raap, a visionary leader in employee ownership, organic gardening, and locally sourced and sustainable food.
The ESOP Association has been working with Congress during this congressional session on bipartisan retirement security legislation. That important legislation – which includes provisions that affect every ESOP and employee ownership in general – is being considered in the final days of the current Congress. If this bill, which was painstaking
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As an ESOP Association member, you get exclusive access to a suite of insurance programs designed to provide high quality service while putting money back in your pockets! Why pay too much to an insurer when you can keep that money for your employee owners' ESOP accounts?
We can offer group captive health insurance, workers' comp insurance, and a host of business insurance products—including cyber liability, fiduciary liability, D&O, crime, and employment practices liability.
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