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Founded in 1915 and with an ESOP that is over 25 years old, Walman provides diverse products and services to the optical industry, including eye wear, contact lenses, and education. The company is also a distributor of optical instruments and runs a buying group.

New Washington State Bill Would Be Most Comprehensive State Program Yet

Massachusetts Passes Employee Ownership Center Bill

Canadian Employee Ownership Coalition Launched

The Department of Labor has posted the latest Form 5500 filings data, which covers plan year 2020. The data includes a total of 6,467 ESOPs filing for 2020 covering 13.94 million participants holding over $1.8 trillion in total assets. Click in to the article to read more about the latest trends in ESOP creation.

By Chad Duke, Scott Insurance, NCEO Member Employee-owned companies understand the value of ownership. These innovative companies often have superior workplace cultures, top-notch retirement savings, and the ability to maintain independence over the long haul.

It’s simple. The best ESOP companies are the ones that generate the most ideas from the most people about the most things. That is what research has shown consistently for decades, and the idea is spreading to more and more ESOPs.

In the U.S. ESOPs are by far the most important form of broad-based employee ownership. But there are other ways employees can become owners as well.

When Can I Diversify the Shares in My ESOP Account?

You have probably been told that ESOPs are part of your retirement plan—and that’s true. In fact, ESOPs are legally part of the Employee Retirement Income Security Act of 1974, which was passed to establish a set of rules to ensure that the tax incentives Congress provides for companies and employees to fund retirement plans are fairly distributed to workers rather than concentrated on a small percentage of well-paid people. ESOPs, pension plans, 401(k) plans, IRAs, and other similar plans are all covered by the law.