|
ESOP
| SESCO Lighting, Inc. has been employee owned since 1996. Currently, employees own 92% of the company's stock. |
|
So What does ESOP stand for anyway?
Employee
Stock
Ownership
Program |
|
What Exactly Is ESOP?
-
An ESOP plan is basically a retirement or pension plan that is governed by federal legislation.
-
It is a means for employees to obtain ownership of their company without having to pay for company stock out of their own pockets.
-
An ESOP primarily invests in their own company stock.
|
|
|
|
|
