October is Employee Ownership Month

How an Employee Stock Ownership Plan (ESOP) WorksKemner-Iott is an ESOP

Kemner-Iott Agency and Benz Insurance team members are proud of their employee-owned company. Not sure what that means? For Kemner-Iott and Benz Insurance, it means that our employees receive stock ownership in the company.   They feel a responsibility for the success of their company.

Benefits of ESOPs

An ESOP is a qualified retirement plan, or pension plan.

Employees are motivated and invested in Kemner-Iott, because they own part of the company.

Performance

Much research has been conducted concerning the impact of ESOPs on companies and employees. This research has found that ESOPs benefit both.

A study conducted in 2000 by Rutgers University compared ESOP companies with comparable non-ESOP companies and tracked their performance over a period of six years. The results? ESOP companies had about 2% higher sales, employment growth, and growth in sales per employee!

Closely-held companies show improved sales, employment, and productivity. ESOP participants have more retirement assets of comparable employees in comparable companies, and about the same amount of diversified retirement assets.

Additional Reading

Want to learn more about ESOPs? Check out these helpful websites and articles:

National Center for Employee Ownership

The ESOP Association

Rutgers Awards Fellowships to Study Contributions of Employee Ownership, Profit-Sharing to Business Success

We know insurance.  You know us.  Let’s Talk!

Kemner-Iott is an independent insurance firm that provides business insurance in Cassopolis, Adrian, and Ann Arbor. We are dedicated to providing you quality personal and commercial insurance policies and programs.

Since Kemner-Iott is not limited to one specific insurance company, we can shop the entire marketplace to give you the best personal and commercial insurance protection at the most competitive rate. Give us a call at one of local insurance agencies (below), or visit our website!

We have several locations to serve you:

Adrian:  517.265.7000
Ann Arbor:  734.971.1000
Cassopolis:  269.445.2425

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