May 17th, 2019
Did you know?
#1 – Four in 10 adults, if faced with an unexpected expense of $400, would either not be able to cover it or would cover it by selling something or borrowing money?
#2 – 28% of senior citizens in the United States retiring between 51 and 61 had zero or negative financial assets when they die and 36% had less than $50,000 in financial assets?
#3 – American wealth inequality can be addressed efficiently through capital ownership and retirement savings. Employee Stock Ownership Plans (ESOPs), aggregate wealth at no cost to the employee.
Workers should ask their next employer four words: Do You Offer Stock?
Rutgers Institute for the Study of Employee Ownership and Profit Sharing
In a new study of low- and moderate-income workers at employee-owned companies, researchers affirmed that employee stock ownership plans (ESOPs) enable families to significantly increase their assets, helping to shrink gender and racial wealth gaps.
The three-year research project conducted by the Rutgers Institute for the Study of Employee Ownership and Profit Sharing and supported by the W.K. Kellogg Foundation found that ESOPs can support the asset building of low- and moderate-income employees, leading to increased retirement security when compared to national figures.
Read More at: https://www.napa-net.org/news-info/daily-news/how-esops-help-narrow-gender-and-racial-wealth-gaps
And: https://finance.yahoo.com/news/study-employee-ownership-narrows-gender-211300042.html
Employee Stock Ownership Plans or “ESOPs” are a viable tool for shareholders and companies to create smooth succession plans while enhancing employee productivity.
Menke & Associates, Inc. is the largest ESOP advisor in the country having created over 3,500 ESOPs in all 50 states, including Colorado, in our 45 year history. According to industry statistics, one of every four new ESOP is created by Menke & Associates.
