Sonalysts is a pioneer in the field of employee ownership as an early adopter of the Employee Stock Ownership Plan (ESOP) in 1979. Each employee is offered a "piece of the rock" providing an incentive to build his or her own secure future by making the company successful.
We hire owners, not just employees, who stay true to the simple core values of our founders. The partnering mindset and behaviors woven in the Sonalysts fabric intrinsically inspire our business approaches and human relationships with our clients.
A National Center for Employee Ownership (NCEO) research report by Nancy Wiefek and Nathan Nicholson, ESOP-Owned S Corporations and Retirement Security, documented the impact of employee ownership on employees.
Writing about the report in the Washington Examiner, Phillip Swagel at the University of Maryland's School of Public Policy observed:
ESOP-S employees surveyed have more than twice the national average in their retirement accounts - $170,326 versus $80,339. Those savings don't just make their way to highly compensated workers; they are spread across the ranks.
Phillip Swagel continues:
ESOP-S corporate structures provide a mechanism for workers to own their companies as part of a route to ensuring their retirement security. Policy steps to encourage more businesses to organize themselves as ESOP-S employers will help hard-working, middle-class workers achieve the American dream, of which financial security in retirement is a vital part.