Employee-owners at aircraft manufacturer Air Tractor, Inc. celebrate delivery of their 4,000th airplane.
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ESOP-owned Houchens merges with ESOP-Owned Lee Building Products.
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Employee ownership makes a difference.
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“It’s always been a major concern of mine…how do I position the company to be in the best place to take care of my family, the employees who helped us get here, and our loyal customers?” said founder and CEO of Commercial Tire Bob Schwenkfelder.
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“Now the employee-owners at LEFF, at every level of engagement with our clients and within their teams, will share directly in the success they are helping to create.”— Dave Leff, CEO/Chairman of the Board, LEFF Construction Design Build
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Giving a stake to workers makes them more engaged and creates a stronger culture, the buyout firm’s Pete Stavros says.
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WinCo, Newport Avenue Market, among the ESOPs that are helping workers reach comfortable retirement.
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The DOL has issued new interim requirements (29 CFR Part 2520. Aug. 18, 2020) that companies with defined contribution plans, including ESOPs, express a participant’s benefit as an annuity.
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West coast supermarket change become 100% ESOP-Owned
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We have always believed in equity and inclusion as central tenets of our culture. Becoming 100% employee-owned allows us to take these values to the next level, and show the team we really mean it.”
— Seth Brown, Chief Executive Officer
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Looking to preserve its innovative culture and position the company for sustainable success well into the future, Taylor transfers ownership of the company to its employees via a newly formed ESOP
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