Editor’s note: This is part three of a six-part series in which Peter Newman, CFA, of Peak Wealth Planning, explains the benefits of employee ownership for the U.S. workforce. There are more than 6,500 Employee Stock Ownership Plans, or ESOPs, in the U.S. covering almost 14 million employees. Part one is Five Key Advantages to Working at an Employee-Owned Company. Part two is How Does an Employee Stock Ownership Plan, or ESOP, Work?
For participants, an ESOP, or Employee Stock Ownership Plan, can be an important component of their retirement income. Now that you’ve read about the benefits of company paid contributions, learned the advantages of working for an employee-owned company and know how ESOPs work, let’s dive into five essential questions employees should learn about their retirement benefits.
