Employee Ownership 100: Largest ESOP Companies Listed

The NCEO’s 2023 Employee Ownership 100 list ranks the largest broad-based employee-owned companies in the US. This list includes the largest broad-based employee-owned companies in the US that we could verify using governmental or other credible third-party sources. Most are ESOP-owned, and one is a cooperative. To be on the list, companies must be at least 50% employee-owned; most on the list are 100%.

Collectively, these broad-based plans employ close to 685,000 people. You will find some of the largest and popular grocery stores and supermarkets on the list. Beyond that there is a real mix of industries. Among newer ESOPs that we know are majority or 100% employee-owned there is health and home care, military housing, and a local grocery chain.

America’s Largest Majority Employee-Owned Companies

The NCEO compiled this list through a comprehensive analysis of all ESOP filings. Since percent employee-owned is not required to be reported, we have been conducting a project to compile that data, including viewing all of the websites of ESOPs. This list reflects that ongoing work. Suggested additions and corrections are warmly welcomed; contact Research Director Nancy Wiefek.