Top 5 benefits of being an ESOP
Weldon Solutions has been proudly employee-owned for more than 20 years by operating as an employee stock ownership plan, or ESOP.
ESOPs act as employee benefit plans by allowing employees to have an ownership interest in the company where they work.
Despite the many pros of being employee-owned, Weldon is one of just roughly 6,500 ESOPs in the entire country. Of those, approximately 1,300 are in the manufacturing industry.
Here are five of the top benefits to Weldon of being employee-owned:
Unlike in other organizations, ESOP employees do not put their own dollars into a retirement plan. Ins ...