2024 Employee Ownership 100: Largest ESOP Companies Listed

We've just released this year's EO 100, our annual list of the largest broad-based employee-owned companies in the US. Most are ESOP-owned, and one is a cooperative. To be on the list, companies must be at least 50% employee-owned; most on the list are 100%. Collectively, these broad-based plans cover over 655,000 people.

The NCEO compiled this list through a comprehensive analysis of all ESOP filings and its own original research to determine ownership percentages. Since percent employee-owned is not required to be reported, the NCEO has been conducting a project to compile that data, including viewing all ESOP company websites. The Employee Ownership 100 list reflects that ongoing work.

At the top of the list are some of the largest and most popular grocery stores and supermarkets. Beyond that, there is a real mix of industries represented, including health care and home care services, resorts and hospitality, a military housing business, a car dealership, and others.

ESOPs of all industries and sizes have a long history of showing tangible benefits to both companies and employees while creating a viable model for business succession. The latest data from the Department of Labor shows total contributions to ESOP accounts were more than $107 billion.

To see the full 2024 Employee Ownership 100 list, visit www.nceo.org/articles/employee-ownership-100.