Posts Tagged ‘ESOP’

Dynamic Tool & Design Celebrates Employee Ownership Month

Posted on: October 9th, 2014 by Craig Lau

This October, Dynamic Tool & Design, Inc., along with The ESOP Association and the employee ownership community, will be celebrating Employee Ownership Month, which is a tribute to the incredible spirit of employee ownership.

Employee Ownership Month is an opportunity for ESOP (employee stock ownership plan) companies across the U.S. to educate employee owners and the public about the tremendous benefits of ESOPs.  Companies celebrate with picnics for employee owners, roundtable discussions with local public officials, and award ceremonies to honor outstanding employee owners.

“To celebrate Employee Ownership Month, Dynamic Tool & Design will host a chili cook-off among all of the employees. The cook-off is a fun opportunity to gather and celebrate our success over the past year. We will also unveil criteria for a new annual award. The award will recognize one outstanding Dynamic employee and will be presented next October during Employee Ownership Month.” explains Craig Lau, Vice President.

Employee ownership facts:

For more information on ESOPs and Employee Ownership Month, please visit The ESOP Association’s website at http://www.esopassociation.org/advocate/employee-ownership-month.

Founded in 1976, Dynamic Tool & Design, Inc. is a 98% employee-owned company that designs and builds plastic injection molds, and is a member of the Washington, DC-based ESOP  Association, as well as Wisconsin chapter of the Association.

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