What is an Employee Stock Ownership Plan?
An Employee Stock Ownership Plan or (ESOP) can be fairly complex to understand, but can be defined as a contribution plan that governs taxes and retirement funds for employees. Different businesses set up ESOPs for a variety of reasons, but at Calsoft we chose an ESOP because gives our members the sense of ownership in our company.
Calsoft Begins ESOP
Calsoft becomes 33% ESOP owned.
Calsoft IS Completely ESOP
In September, 2019 Calsoft becomes 100% ESOP owned.