2013 Leadership SummitDylan Riddle
Employee-Owned S Corporations of America (ESCA)
ESCA represents S corporation ESOPs – companies that are owned mostly or wholly by their employees and provide unmatched retirement savings for hundreds of thousands of their American workers in all 50 states.
A Subchapter S corporation is a business entity that provides flow-through tax treatment to its shareholders. An employee stock ownership plan (“ESOP”) is a qualified, defined contribution plan that provides a company’s workers with retirement savings through the opportunity to invest in their employer’s stock, all at no cost to the worker. An S ESOP company is a private pass-through business that is owned wholly or partly by an ESOP, and as a result, the company’s gains redound to the benefit of its employee-owners.
Today, S ESOPs accomplish exactly what Congress intended them to do – they create and sustain resilient jobs, generate far-reaching economic activity, and promote strong retirement savings.