In the simplest terms, an ESOP is a retirement plan. In reality, an ESOP is so much more than that. ESOPs provide unique benefits to the employee owners, the institutions, and the surrounding communities that they are involved with. ESOPs have been proven to:
- Motivate employees
- Increase productivity
- Improve employee retention
- Excel at providing employee training
- Keep jobs local
- Counter wealth inequality
- Contribute to business health and longevity
…. and so much more!