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Winco's employee stock ownership plan (ESOP) allowed Kathy, a grocery store worker, to accumulate nearly $1 million in retirement savings over 20 years, while her twin sister's savings were typical for her age and position at a doctor's office. This benefit isn't unique to Kathy - hundreds of Winco employees have over $1 million saved for retirement because of their ESOP.
Owners and employees to help understand the power of employee ownership structures in creating wealth equity and financial security.
The Millionaire Grocery Clerk
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Suggest questionAt the grocery chain WinCo Foods, grocery clerks become millionaires. How? WinCo is employee owned through an ESOP. ESOPs are a win win win win - businesses get significant tax breaks, owners get paid full fair market value for their business, employees receive stock, and the business becomes more profitable and productive.
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About Pennsylvania Center for Employee Ownership
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