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By Doug Eisenbrandt, Merrick Corporate Treasurer Merrick’s employee ownership journey started at the beginning of our company, with founder Sears Merrick. Merrick is a Colorado-based engineering company with over 700 employees.

New data from the Department of Labor shows 6,482 ESOPs operating in the U.S., covering 13.9 million participants. The number of unique companies with an ESOP is 6,257 (a company may sponsor multiple plans).

The Department of Labor has posted the latest filing data, which covers plan year 2021. The data includes a total of 6,533 ESOPs filing for 2021 covering 14.7 million participants holding over $2.1 trillion in total assets.

For lots of companies, it can be frustrating to announce an ESOP, or periodically remind people what a great benefit this is, and seemingly get little response from some significant part of the workforce.

If your company is not sharing ownership widely with employee ownership, it should. Don’t just take my word for it.

During the last 15 years, benefit corporations have seen explosive growth. Originally inspired by frustration about the lack of a legal tool to allow Ben & Jerry’s to resist being purchased by Unilever, benefit corporations are intended to facilitate socially responsible businesses.

In the case GunBroker.com, LLC v. Tenor Capital Partners, LLC, no. 1:2020cv00613 (N.D. GA., Nov.

At the end of April, the NCEO hosted its 2024 Annual Conference in Tampa, Florida—a real highlight of my year.

Employee Ownership in the New Administration and Congress

One of the most effective ways to supercharge your employee ownership practices and performance in 2024 is to learn from and with other employee-owned companies.