When it comes to employee stock ownership plans (ESOPs), the paper reports, “[t]he benefits are pretty simple, really. It offers financial security for employees who stick with the company for the long haul. The potential is there for six-figure payouts and even a comfortable retirement.”
The report continues: “In addition to company shares that can be cashed out, WinCo and most other employee-owned companies also offer a 401k plan. For those edging toward retirement, the combination of the 401k plus the ESOP account creates a nice nest egg. ‘So many people I know struggle to save for retirement,’ said [WinCo manager Steve] Corbin ‘There was a time I was the same. At WinCo, the worry is removed, and it’s as easy as punching in and doing your job.’”