ESOP
Learn more about our Employee Stock Ownership Plan – and what it means for you.
We Are 100% Employee-Owned
QPS Employment Group became 100% employee-owned through an Employee Stock Ownership Plan (ESOP) on January 1, 2020
Becoming an ESOP company might be the most significant thing that’s happened to QPS and its employees, and it’s not just an employee benefit – research shows that ESOPs provide job stability, a highly productive workforce, better growth, and a wealth-building tool for employee-owners. That’s a good thing for everyone.
What Is an ESOP?
Simply put, an ESOP is a program that provides shares of ownership to eligible employees
An ESOP allows owners to sell a business in a way that benefits the company, employees, and the selling business owners.
For employees, ESOPs are a wealth-building tool that grows over time. This structure also has distinct advantages over the traditional 401(k) plan; the value of a 401(k) is directly dependent on the investments you choose, but in an ESOP, when you positively affect the company, the value of your shares goes up. Plus, employee-owners do not put their own money into the ESOP the way they would a 401(k). QPS grants this ownership at no cost to employees.
