Chapter Fact Sheet

Fact Sheet: The Minnesota/Dakotas Chapter of The ESOP Association

Founded in 1978, The ESOP Association is the national association of companies with employee stock ownership plans (ESOPs) and service providers with a professional commitment to employee ownership through ESOPs.  

The Association is the leading voice in America for employee ownership through ESOPs, and devotes considerable time to creating and maintaining favorable ESOP legislation.  In addition, The ESOP Association is a prime source for educational materials necessary for successful implementation and administration of an ESOP.

The Minnesota / Dakotas Chapter of The ESOP Association is one of 18 state and regional chapters, and is among the Association’s most active and enthusiastic voices before Congress.  

  • The Association represents over 1,600 ESOP companies.
  • Approximately 135 of these companies are found in the Minnesota / Dakotas area.
  • Approximately 99% of ESOP Association members are private, closely-held companies. Approximately 99% of Minnesota / Dakotas members are privately held.
  • ESOPs exist in large and small business – 80%  of Association members have less than 250 employees. In Minnesota / Dakotas, the average ESOP company has 263 employees.
  • 64% of ESOP Association members report that their ESOPs have been in place for over ten years.  The average Minnesota / Dakotas ESOP has been in place for fifteen years.
  • The average ownership of Association members’ ESOP is 77% .

ESOP companies in Minnesota / Dakotas are, on average, 77% employee-owned, with 53% reporting being 100% employee-owned.

Information on this sheet was obtained from the “2015 ESOP  Survey,” conducted among ESOP Association members in February 2015

 

Currently serving more than 50 ESOP companies, Boulay has the experience and expertise to offer value at all stages of your ESOP lifecycle. Knowing th...