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What Our Members Have to Say
“Membership in The ESOP Association is vital to an ESOP owned company. The advocacy and education services are invaluable and are not duplicated by any other organization.”
-David Kelly, CFO at Acadian Ambulance Service Inc.
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This gathering of ESOP Presidents and CEOs offers a one-of-a-kind platform for peer learning, allowing participants to glean valuable strategies from others grappling with similar challenges.
Upcoming events
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The #EO Solution
The ESOP Association and Project Equity have partnered to create state -by-state data that amplifies employee ownership as a common sense way to preserve businesses, strengthen jobs and build a more resilient post-pandemic economy.
ESOP Association Resources
Forming an ESOP - A New Video Series on Business Succession Planning
Hear from ESOP companies in multiple different industries, and their seasoned advisors, about what an ESOP is and if it’s right for you.
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- About TEA
What is an ESOP?
An ESOP is a retirement plan—but also a way of living and running a company. For insights on both technical and cultural aspects of these plans—which provide benefits to employee owners, the company, the community, and exiting owners—and links to additional resources, see our web page titled What is an ESOP?
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The ESOP Association
ESOP Association Resources
Jun. 21
As spring starts to turn to summer with its warmer weather and longer days, it’s always great to spend time with friends, old and new. At TEA, this past spring was full of time spent engaging with our community at our many events and National Conference.
Jun. 16
The ESOP Association’s National Conference offers a variety of great experiences – culture and communications presentations, roundtables to share and learn with your peers, and an awards ceremony celebrating the achievements of employee owners and professionals across our chapters. But one other key piece of National Conference is advocacy.
Jun. 14
Lifetime Service Award
Cindy Turcot
Cindy is truly a force of nature – and a force for employee ownership.
She has been with Gardener’s Supply Company for nearly forty years, serving as COO, President, and for the past two years as CEO and President.
Cindy Turcot
Cindy is truly a force of nature – and a force for employee ownership.
She has been with Gardener’s Supply Company for nearly forty years, serving as COO, President, and for the past two years as CEO and President.
Jun. 07
Thank you to all the ESOPs and employee owners who joined us in Washington, DC, for TEA’s National 2023 Conference.
From the feedback we received, it was one of our most fun and productive events in recent years! This year’s theme of Education, Advocacy and Community really hit the mark as we continue to promote education for ESOPs and employee owners at the National Conference.
From the feedback we received, it was one of our most fun and productive events in recent years! This year’s theme of Education, Advocacy and Community really hit the mark as we continue to promote education for ESOPs and employee owners at the National Conference.
Feb. 17
Allowing Loans and Technical Assistance for ESOP Buyouts of Retiring Business Owners
Advocacy
Feb. 10
At The ESOP Association, we’re resolving to continue the exciting growth and accomplishments from 2022 and striving to serve our membership in new and better ways.
Feb. 03
Second Circuit Addresses Key Pleading Requirement for Constitutional Standing in ESOP Transaction Case
ESOP Blog, Employee Ownership Foundation, Wealth Inequality, Rutgers University, Resource
May. 04
There is new evidence that ESOPs can be a powerful mechanism for addressing wealth inequality in America. A study released today by the Rutgers Institute for the Study of Employee Ownership and Profit Sharing shows that ESOPs help families significantly increase their assets, thereby shrinking gender and racial wealth gaps.
ESOP Blog, Resource
Jan. 31
I am hearing increasingly from certain thought leaders that current ESOP laws do not create “good” employee ownership plans.
Anytime we ESOP advocates encounter someone who takes such a view of ESOPs, we need to ask ourselves, “Why does that person think ESOPs are not good employee ownership plans?” When we know the answer, we can counter the ESOP cynic’s point of view.
In my experience, there are three main criticisms of ESOPs. I’ll deal with each one in a separate blog post.
The first criticism maintains that ESOPs are bad retirement plans.
Anytime we ESOP advocates encounter someone who takes such a view of ESOPs, we need to ask ourselves, “Why does that person think ESOPs are not good employee ownership plans?” When we know the answer, we can counter the ESOP cynic’s point of view.
In my experience, there are three main criticisms of ESOPs. I’ll deal with each one in a separate blog post.
The first criticism maintains that ESOPs are bad retirement plans.
ESOP Blog, Resource
Jan. 17
For some time now, the data have shown that businesses with employee stock ownership are clearly better than conventionally owned companies at retaining employees. But new insights gleaned from existing research data show that, over a period of 12 years, businesses with employee stock ownership have gotten increasingly and dramatically better than conventionally owned firms at retaining employees.
How much better? Try 235 percent better!
How much better? Try 235 percent better!
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