Performance Thinking

Expert information and solutions for your business.

ESOP Month 2017 #1

October is National Employee Ownership Month, and throughout the month we will share some fast facts and statistics about what makes Scott’s ESOP beneficial to our clients and employee owners. But first, what is an ESOP?

An Employee Stock Ownership Plan (ESOP) is a tax-qualified employee benefits plan that gives beneficial ownership of the company to its employees. This is why at Scott we refer to our employees as “employee owners”.

Our ESOP allows us to maintain our independence as an agency and it creates a significant incentive for our employee owners to work hard for our clients, because when our clients succeed we all succeed.