With summer around the corner, we have been excited to be part of so many new projects so far in 2014. Not only that, but we are still humming over our 50th year in business, still thankful to all those who helped make it possible. To add to our enthusiasm for the year, ms was just named the 233rd largest firm by Engineering News Record's Top 500 Design Firms report.
That is not our only big news, however. ms recently closed its 50th year in business with a transition of minority ownership of its firm to an employee-owned stock ownership plan (ESOP). The new ESOP allows all employees to become company shareholding owners and take part in its continued expansion and growth.
“In a time where almost half of new businesses fail in the first five years, our growth and longevity can only be attributed to the hard work and dedication of each and every ms employee,” says Thomas Mosure, President and CEO of ms consultants. “We want to share the success of the company with everyone at ms, and our ESOP allows us to do just that.”
The ESOP enables the current and future employees to supplement their retirement savings and participate in the growth of the business. The program is offered to employees at no cost and employees receive contributions from the ESOP when they leave the company or retire.
ms consultants joins a list of nearly 12,000 U.S. ESOP companies, roughly 11 million employees nationwide, who share in the benefits of ESOPs.