Benefits Think Using employee stock ownership plans to empower workers and boost growth

Published Updated 4 Min Read

An employee stock ownership plan, or ESOP, could be the key to unlocking a stronger workplace culture and improving your bottom line.

Employee ownership may sound like a novel idea, but it’s a concept that’s been around for decades. The legal groundwork for today’s ESOPs was first laid within the 1974 Employee Retirement Income Security Act (ERISA), and as of 2019 there are roughly 6,600 employee stock ownership plans covering more than 14 million participants in the U.S.

Nathan Ulery
Managing Director

Nathan Ulery is the managing director of West Monroe, a business objectives consulting firm.


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