How an ESOP trust fueled retention for a broker’s employees

Through an Employee Stock Ownership Plan trust, one of the mid-Atlantic region’s largest insurance and benefits brokers, The Graham Company, recently announced that it is now 100% employee-owned.

With a history spanning over five decades, Chairman and CEO Bill Graham has grown his Philadelphia-based brokerage from six employees with revenues of $300,000 to a team of more than 180 employees with revenues surpassing $50 million.

Along the way, the organization has received numerous accolades for its workplace culture, earning Best Places to Work honors from The Philadelphia Inquirer, Philadelphia Business Journal, and Central Penn Business Journal.