Employee Stock Ownership Plans Gain Traction in the Construction Industry

Employee Stock Ownership Plans Gain Traction in the Construction Industry by Blake Head an ESOP Advisor.

The National Center for Employee Ownership (NCEO) publishes an annual list of the nation’s 100 largest employee-owned companies. Construction and contractors accounted for 13 of the firms on the 2020 list, with over 85% of those firms using an employee stock ownership plan (ESOP) rather than other employee ownership options, such as profit sharing, to achieve broad employee ownership.