![]() Nationwide, about 6,550 ESOPs employ about 10.5 million workers, according to the ESOP Association, a nonprofit based in Washington, D.C. About 60 such companies operate in Allegheny and Westmoreland counties. Thermo-Twin is one of about 280 companies in Pennsylvania that operate under an employee stock plan for ownership purposes or retirement benefits, according to the National Center for Employee Ownership, a nonprofit based in Arlington, Va. “Hopefully, at the very end (retirement), I’ll cash out,” said Scott, a West Mifflin resident who has worked 18 years for a Pittsburgh window manufacturer that Thermo-Twin acquired. In 27 years, the millwork specialist also has created a nice nest egg through the company’s KSOP, a retirement plan that combines an employee stock ownership plan, known as an ESOP, with a 401(k) retirement plan. ![]() Rick Scott has spent years making precise cuts in the wood used to build window frames at Thermo-Twin Industries Inc.’s assembly plant in Oakmont.
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