Employee Stock Ownership Plan (ESOP)

What is an ESOP?

An Employee Stock Ownership Plan (ESOP) is a tax-qualified employee benefit plan governed by U.S. law. An ESOP is a defined contribution retirement plan (like a Profit Sharing or 401(k) Plan) designed to hold company stock and provide eligible employees with benefits when they retire or leave the company.

ACCO’s ESOP is a free benefit available to all non-signatory employees of the company and its’ subsidiaries that meet the eligibility requirements.

As an ACCO ESOP participant, you have a unique chance to contribute to the growth of the company AND influence the value of your retirement savings.

100%

ACCO is 100% owned by employees.

2.5x

Employees at ESOP companies have 2.5x greater retirement accounts.

$0

Employee-owners pay $0 for this benefit.

12%

Employees at ESOP companies receive 5% to 12% more in wages.

Why Does ACCO Have an ESOP?

To share long-term success among employees
To maintain the company’s independence and local ownership
To provide a means for business perpetuation
To provide employees with a stock-based benefit plan
To engage our employee-ownership in the growth and success of the company
To create a powerful tool to attract and retain employees.

Explore Careers

401(k) vs. ESOP

A 401(k) plan and an ESOP are both retirement plans, however there are some key differences between the two.

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