Local business owners say they’re spreading the wealth in Great Falls by offering long term employees stock ownership plans or ESOP’s.
It’s a structure that is set up and its federally recognized, so the employees are then part of a trust that then owns either a 100% of the company or some portion of the company,” said Sletten President Erik Sletten.
Today at Sletten Construction company, ESOP’s were the main topic of conversation — that and pie.
Beyond just being a gluttonous getaway from work, the event used pie as a delicious symbol for an ESOP or an employee benefit plan that turns the employees of a company — into owners.
You can read the rest of the article at KFBB.com
http://www.kfbb.com/news/local/Great-Falls-Business-Owners-Explain-ESOPs-132662038.html
