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Construction Companies and ESOPs
ESOPs have become increasingly popular in the construction industry. This article discusses the inherent employee-engagement advantages that ESOPs offer, focusing on construction companies in Kansas. Most notably, a recent survey at the construction firm McCownGordon showed that 98% of employees were engaged in their 100%-employee-owned company.
It is also noteworthy that, according to the National Center for Employee Ownership, of the 2,420 “large” ESOP companies (companies with 100+ employees), 12 percent of them are in the construction industry. We are seeing this trend continuing into 2021, as ESOPs gain popularity for both general contractors and subcontractors.
About The Author
Tim is President & Managing Partner of DeWitt. He is also a partner in the Greater Milwaukee office specializing in Employee Stock Ownership Plans (ESOPs) and Employee Benefits. He can be reached at 262-754-2869.
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