Clients in the News: Hercules Industries
December 22, 2020
The Newland family writes about the ESOP they put into place in 2020 and the future of Hercules Industries. “The beauty of a transfer of ownership to an employee stock ownership plan (ESOP) is that none of this great life of an American capitalist needs to change. What changes is that we just created another 550 capitalists. These are well-deserving, hard-working Herculeans that will now see the fruits of their labor accumulating in ESOP retirement accounts. These accounts will fund their future lives and those of their families. Their ownership is financed through future profits built on the continued legacy and culture that built this great company.” Read more here.