October is Employee Ownership Month, a time to celebrate the benefits of employee ownership for employees, companies, and local communities. I’m not only fortunate enough to work for an employee-owned company, but also proud to be committed to and serve the ESOP (Employee Stock Ownership Plans) community.

Empower Your Business & Employees

For those unfamiliar with Employee Stock Ownership Plans, ESOP offers a business succession strategy that allows a business owner to sell to the people who often care most about its success – its employees. This not only provides an avenue for perpetuation, but offers undeniable advantages including tax benefits advantages, increased productivity, increased employee retention, stronger communities, and higher employee retirement account balances. Plus, ESOP companies are more likely to stay in business and less likely to lay off employees during a recession.

At Holmes Murphy, we pride ourselves on our culture and employee engagement, empowerment, and experience. We love what we do and who we do it with! These are important traits we share with ESOP companies and why I enjoy serving the ESOP community so much. We’re well-versed in the commitment ESOPs have to their employees and care they have for the company. ESOPs can take advantage of this and maximize insurance outcomes through various solutions we have tailored specific to the ESOP community.

ESOP Solutions Designed for You

Happy Employee Ownership Month to all of the amazing employee-owned companies making a difference in your communities and empowering your biggest asset – your employees.

Our ESOP experts will be in Las Vegas next month for The ESOP Association’s Employee Owned 2024 Conference, and we’d love to connect with your team and learn more about the unique needs of your ESOP. Whether you’re already an ESOP and considering if an ESOP is right for you, we’re here to help. Reach out today and let’s start a conversation!