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Helpful Links
The following are key organizations in the field of employee ownership. Other links will be added over time.
New England Chapter of the ESOP Association of America
www.new-england-esop.com
A non-profit association of ESOP companies and ESOP professionals that hold regular meetings and voluntarily exchange information about best practices.
National Center for Employee Ownership
www.nceo.org
A non-profit organization based in Oakland, CA that specializes in research about employee ownership, including ESOPs and other forms of employee ownership. They also organize conferences.
ESOP Association of America
www.esopassociation.org
A non-profit organization based in Washington, D.C. that lobbies for protection and enhancement of ESOP tax advantages and organizes conferences.
United States Federation of Worker Cooperatives
www.usworker.coop
A national grassroots membership organization of and for worker cooperatives, other democratic workplaces, and the organizations which support the growth and continued development of worker cooperatives.
Quick Facts About MASSEIO
Most of the employee-ownership companies in the United States make use
of Employee Stock Ownership Plans (or "ESOP’s") as the legal mechanism
for employees to have an ownership stake.
ESOP companies, on average, outperform similar non-ESOP companies
by approximately 2.3% (in terms of sales growth and employment
growth).
See: Largest Study Yet Shows ESOPs Improve Performance and
Employee Benefits
In the year it adopts an ESOP, the average company experiences a productivity increase of 4 to 5%, and this increase tends to endure in subsequent
years. ESOP companies are also more likely than average to increase employment and tend to have higher survival rates than non-ESOP companies.
See: Research Evidence on Prevalence and Effects of Employee Ownership
In Massachusetts...
- ESOP companies range in size from 9 employees to 13,000
- The three most common reasons for ESOP adoption are (1) to provide an employee benefit, (2) to purchase stock from a major owner, and (3) to encourage employees to think like owners
- ESOPs own between 0.5% and 100% of employing company's stock
- ESOP companies are distributed in all sectors of the economy, from banking to manufacturing
- 93% of ESOP companies also provide another retirement plan in addition to the ESOP
The data about Massachusetts comes from the Survey of Massachusetts ESOP Companies conducted in the winter of 2006 by MASSEIO.
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