Posts Tagged ‘employee owned company’

Dynamic Tool & Design, Inc. is an ESOP company. What is an ESOP?

Posted on: September 18th, 2014 by Craig Lau

 

Dynamic Tool & Design, Inc. is an ESOP company.

An ESOP (Employee Stock Ownership Plan) is an employee benefit plan which provides stock ownership to qualified employees of the company.

In 2010, Dynamic Tool & Design, Inc. became an ESOP company. Founders, John Lau & Irv Fischer, saw this as the best way to “retire” (they both still work part-time) from the business while rewarding Dynamic’s valued employees. Being an ESOP organization benefits the Dynamic Tool & Design, Inc. employee as well as the Dynamic Tool & Design, Inc. customer.

Employees are rewarded for their innovative ideas and exceptional work ethics. Their efforts have a direct result on the company’s bottom line. An increase in the value of the shares equals an increase in their account balance.

Customers reap the benefits of partnering with a company with 50 plus owners who are here working to make sure that every project is a success.

Craig Lau, Vice President of Dynamic Tool & Design Inc., explains, “Dynamic has a great future ahead as an ESOP company. We have so many bright and talented employee owners that will continue to bring new and creative ideas to keep us in the forefront of the industry.”

For more information on Dynamic Tool and Design, Inc. contact Sales Manager, Vic Beradi, at 262-783-6340 or molds@dyntool.com.

 

 

ESOP Company - Dynamic Tool & Design