An ESOP is a profit plan that offers employees possession curiosity of their firm by way of shares of inventory. It can also present tax advantages to employers as nicely.
“A lot of Zehnder’s success is a results of the longevity of our tenured employees which averages virtually 9 years,” stated Zehnder Communications Chairman and CEO Jeff Zehnder in a press launch. “The transfer to ESOP showcases our appreciation and continued dedication to our longstanding workers and consumer relationships.”
Zehnder Communications was based in New Orleans in 1996 and has expanded to 4 workplaces throughout the South serving the monetary, healthcare, hospitality, financial improvement and expertise sectors. The corporate has roughly 60 workers in New Orleans, Baton Rouge, Nashville and Rosemary Seashore, Fla.