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ESOPs Continue Growth in 2006


June 1, 2007 -

Based on data from the Department of Labor and the IRS, the National Center for Employee Ownership (NCEO) estimates that in 2006 that the number of ESOPs and stock bonus plans grew by approximately 5% over the 2005 numbers. Plan assets grew to approximately $675 billion, up about 12% from the prior year.

 

To learn more about this and other employee ownership news, please visit: www.nceo.org.