ESOP Companies Report 2011 Economic Upturn

The survey asked the companies, all of which are members of The ESOP Association, to rate their performance in 2011 relative to 2010:

• 68.5% indicated a better performance, 17% indicated worse and 14.5% indicated a nearly identical performance to the previous year;

• 76.2% indicated revenue increased, 23.8% indicated revenue decreased;

• 70.5% indicated profitability increased, 29.5% indicated profitability decreased; and

• 63.8% of companies indicated that they have created an ESOP education program or ESOP advisory committee since establishing the ESOP.

The 2012 Economic Performance Survey was distributed to The ESOP Association’s more than 1,400 members in June 2012. The results are based on 450 responses, a 32% response rate.

Kristen Heinzinger
editors@plansponsor.com