Vested employees will share beneficial ownership in the growth of the company and will be credited with shares of company stock within the ESOP trust each year at no cost, allowing them to earn ownership and accumulate tax-deferred retirement wealth through their service.
Tech Systems Inc., Duluth, Ga., announced its imminent transition from a privately held, single-owner corporation to an ESOP (Employee Stock Ownership Plan) that will ultimately transfer full ownership of Tech Systems to its employees.
