APPLETON, Wis. (PRWEB)
September 24, 2019
ESOP Partners LLC celebrated yet another milestone in its growth by moving into a new corporate headquarters this spring. To honor this special occasion, and demonstrate our commitment to promoting economic vitality and ESOP education in the Fox Cities and throughout northeast Wisconsin, the company will hold an open house event on October 3, 2019 from 4 p.m. to 6:30 p.m. in the Employee Ownership Training Center (EOTC) of their facility in Appleton, Wisconsin. All community members are welcome, especially those who have an interest in learning more about Employee Ownership (ESOP) and how it could make a positive impact on the culture and growth objectives of their business.
The open house will include tours of the new facility, including the Employee Ownership Training Center, a slideshow, networking with local professionals and an overview of Employee Ownership and how it changes lives and impacts the community. Heavy hors d’oeuvres will be served and raffle prizes given.
ESOPs protect the legacy of companies in the local community and ensure that jobs remain local. A recent study from the General Social Survey (GSS) illustrates employee owned companies are 235% better at job retention than their non-ESOP counterparts. The ESOP Partners EOTC “provides a forum to share education about ESOPs with companies, business leaders and business owners… So, companies can remain local for years to come, jobs can be retained, and we can change lives by creating wealth and sustainable employment through employee ownership,” says Aaron Juckett, President.
About ESOP Partners
ESOP Partners changes lives by creating wealth and sustainable employment through employee ownership and works with business owners and companies to determine if an ESOP is a good fit for their situation. ESOP Partners establishes, maintains, and sustains employee stock ownership plans (ESOPs) throughout the lifecycle of the company to maximize the benefits of being an ESOP company and provide employees with an ownership stake in the company that they work for.
About ESOPs
ESOP stands for Employee Stock Ownership Plan. An ESOP is a qualified retirement plan that can be used as a business transition tool and as an employee ownership vehicle. An ESOP buys, holds and sells company stock, providing employees with an ownership stake in the company as well as an additional form of compensation directly linked to the success of the company.
The portion of a company owned by an S Corporation ESOP is not subject to federal or state income taxation, increasing cash flow and providing the company with a competitive advantage. In almost all ESOPs the benefit is funded 100% by the company, providing an ownership stake at no cost to the employee.
The total number of ESOPs in the country is about 6,660, representing 14.3 million participants and total plan assets of $1.4 trillion dollars.
If you would like more information about ESOP Partners LLC or Employee Ownership and Employee Stock Ownership Plans, please contact ESOP Partners at 920.659.6000 and visit https://www.ESOPPartners.com. Check out our One-Stop Blog at https://www.ESOPPartners.com/blog. RSVP for the open house at https://www.esoppartners.com/openhouse2019rsvp.
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