There has been much written about the financial benefits of an ESOP. An ESOP is a qualified defined contribution retirement plan. Contributions to the plan are typically made by the company providing a benefit without a direct cost to the employee. As with other qualified retirement plans, the funds have the potential to grow tax-deferred and can be a significant source of retirement funding.
Corey Rosen, senior member at the National Center for Employee Ownership, reported in 2013 that employees who work for companies that sponsor employee stock ownership plans accumulate 2.5 times the retirement assets of employees not in these plans.