Laborers Richard Quick (left) and Michael Pisko assemble what will become a prison bed inside Chestnut Ridge Foam in Derry Township. Employee Stock Ownership at a glance • Benjamin Franklin had an ESOP for employees of his print shops as early as 1733 • Top industries for ESOP companies: insurance, finance, manufacturing, science, technology and real estate • Employee Retirement Income Security Act of 1974 protects workers in company retirement programs and formally establishes ESOPs • ERISA creates most common form of employee ownership plan as a retirement plan. Source: ESOP Association Rick Scott has spent years making precise cuts in the wood used to build window frames at Thermo-Twin Industries Inc.’s assembly plant in Oakmont. In 27 years, the millwork specialist also has created a nice nest egg through the company’s KSOP, a retirement plan that combines an employee stock ownership plan, known as an ESOP, with a 401(k) retirement plan. “Hopefully, at the very end (retirement), I’ll cash out,” said Scott, a West Mifflin resident who has worked 18 years for a Pittsburgh window manufacturer that Thermo-Twin acquired. Thermo-Twin is one of about 280 companies in Pennsylvania that operate under an employee stock plan for ownership purposes […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
