Employee retirement plan

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Using ESOPs to Grow Your Business and Build a Dedicated Workforce – Part 2

Unlike other methods of raising capital, because an ESOP is also an employee retirement plan, the ESOP can also serve as a powerful engine for attracting and maintaining a competent and committed workforce. These goals are wholly complementary and achievement of the latter may well serve to insure the success of the former.  Here are

Minneapolis manufacturer latest to go to worker-owners

Owner Douglas Harmon is selling his stock to employees of Twin City Die Castings (TCDC), under an Employee Stock Ownership Plan (ESOP). “I’ve worked with the TCDC executive team to come up with a plan that includes all of you as the new owners of TCDC, through an Employee Stock Ownership Plan,” Harmon told TCDC’s