Will-Burt Becomes a Member of ESCA
ESCA, Employee-owned S Corporations of America, represents S corporation ESOPs – companies that are owned partially or wholly by their employees and provide unmatched retirement savings for hundreds of thousands of their American workers in all 50 states.
March 18, 2022
The Will-Burt Company recently became a member of Employee-Owned S Corporations of America (ESCA). ESCA is the exclusive representative for employee-owned S corporations (“S ESOPs”) and has a commitment to protecting the S corporation ESOP structure and promoting it so that more working Americans can become employee-owners. Becoming a member of ESCA will help protect the future of Will-Burt and its employee-owners and sustain its opportunities as an S corporation ESOP.
As an S corporation ESOP, Will-Burt delivers a multitude of financial benefits to our employees and our business. An employee stock ownership plan (“ESOP”) is a qualified defined contribution plan that provides a company’s workers with retirement savings through their investments in their employer’s stock, at no cost to the worker. A recent study by the National Center for Employee Ownership (NCEO) shows the average employer contribution to the S ESOP was more than 2.5 times that of companies offering only a 401(k), and 94 percent of total contributions to ESOPs came from the employer, compared to 31 percent for 401(k) plans.
Will-Burt is 100% employee-owned, creating a culture where every employee makes a difference in the company through new ideas, everyday efforts, and teamwork. Our employee-owners uphold our commitment to excellence and customer satisfaction by following our core values of accountability, respect, and trust. Will-Burt’s commitments to employees goes beyond the ESOP through internal training and growth opportunities, wellness programs, and employee appreciation events all year round.
About The Will-Burt Company:
The Will-Burt Company (www.willburt.com), headquartered in Orrville, Ohio, USA, is the world’s premier manufacturer of mobile telescoping masts, towers and pan and tilt positioners. We offer virtually every mobile payload elevation and integration solution for defense, government, first responders, cellular and mobile, broadcast, energy production and other markets. Will-Burt also offers contract manufacturing, metal fabrication, powder-coating, and rapid prototyping services. Will-Burt is an international company with offices and manufacturing in the USA, England, and Germany along with offices in Singapore and a joint venture in Turkey. All Will-Burt Company manufacturing locations are backed by a certified ISO 9001:2015 Quality Management System. Incorporated in 1918, Will-Burt is 100% employee-owned and is classified as a small business.