Participation in employee stock ownership plans (ESOPs) grew 8% from 2014–2023. Now, the Department of Labor (DOL) is encouraging more employers to offer the benefit, according to a new rep
ort.ESOPs allow employees to become part owners in their employer’s business. Ownership can grow over time, and can be offered instead of or in addition to a 401(k) plan. The US government established this type of ownership model in 1974 to help close the wealth gap,
https://www.hr-brew.com/stories/2026/03/02/the-federal-government-is-encouraging-employers-to-adopt-worker-cooperatives-and-employee-stock-ownership-plans?utm_source=&utm_medium=syndication&utm_campaign=feed