Popular on s4story
- Filipino Poet Wins First International Poetry Prize at London's Bermondsey Festival
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
- TEDxInglewood Returns to The Miracle Theater on August 9, 2025 — Celebrating Bold Ideas and Community Energy
- Manhattan Boutique Real Estate Collaborates with InterContinental Hotels NYC in a Branding Partners Personalized Approach
- "The Godfather's Vow" by Antonino Scalabrino is published
- Kaplan Morrell Applauds Passage of Landmark Workers' Compensation Reform in Colorado
- Real Estate CEO Launches Explosive New Book After $275,784 Wire Fraud Incident
- Rediscovered Christopher Lee Recording 'Elenore' Re-Released to Mark 10th Anniversary of His Passing
- Lottery.com Inc. Secures $300 Million in Growth Capital, Confirms Nasdaq Compliance & Acquires UAE Sports Incubator Amid High-Profile Brand Exposure
- History Matters: Book Recommendations for June
Similar on s4story
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- Investor Spotlight: Cycurion, Inc. (N A S D A Q: CYCU) Secures $69M in Contracts Amid Surging Demand for AI-Powered Cybersecurity Solutions
- $328 Million Global Stroke Rehab Market Opportunity Awaits AI Telehealth Leader Following Selection for NIH Funded Phase 3 Clinical Study: VSee Health
Menke Client KJT Group Announces Transition to 100% Employee-Owned
S For Story/10390500
The leading market research consulting company opts for an employee stock ownership plan
ROCHESTER, N.Y. - s4story -- KJT, a New York based market research consulting company has become 100% employee owned. KJT turned to The Menke Group, the nation's largest advisor specializing in Employee Stock Ownership Plans to help execute the transaction. Some 22,000 companies have adopted ESOPs since they became legal in 1974, according to Phil DeDominicis, Menke's senior East Coast investment banker who structured the transaction.. Most are small ― 70% have less than 250 employees ― and privately owned.
"I've considered transitioning to a 100% ESOP for the past few years and I'm very happy that this has finally become a reality," said Founder and CEO Dr. Kenneth J. Tomaszewski. "As a global professional services firm, our hard-working, dedicated employees are the lifeblood of KJT Group. Transitioning to an employee-owned company allows me to reward our employees for their dedication and commitment, many of whom have been with the company for more than 10 years. I believe it creates a more sustainable business model, here in Rochester, NY, for our employees and our clients. We expect that providing ownership to employees will lead to greater employee satisfaction, reduced turnover, and a more rewarding work experience. As a 100% employee owned company, we are able to create a more meaningful companywide culture of employee empowerment and responsibility." Dr. Tomaszewski will remain the CEO and Chairperson.
More on S For Story
An ESOP is a type of retirement plan popular for shareholder succession and employee benefit purposes. In certain situations, they enable the long-term deferral of both capital and corporate taxes. Employees do not pay out of pocket, either. The company contributes cash to the employee stock trust which in turn bought stock from existing shareholders. In addition to creating greater financial security for employees, ESOPs can also increase employee productivity and efficiency. According to The Menke Group, this all helps to better align the interests of employees, management, and shareholders.
About The Menke Group: The Menke Group (http://www.menke.com) has helped over 3,500 companies use employee stock ownership plans as part of their ownership structure. Founded in 1974, they specialize in the structuring and ongoing maintenance of these plans.
About KJT Group: KJT Group (http://www.kjtgroup.com) is an evidence-based consulting firm. Through co-creative partnerships with their life sciences clients, they capture actionable insights that enhance strategic and tactical decision-making. Founded in 2007, KJT Group employs nearly 50 full-time staff across the United States. KJT Group is a member of Intellus Worldwide, the European Pharmaceutical Marketing Research Association (EphMRA), and the British Healthcare Business Intelligence Association (BHBIA).
More on S For Story
"I've considered transitioning to a 100% ESOP for the past few years and I'm very happy that this has finally become a reality," said Founder and CEO Dr. Kenneth J. Tomaszewski. "As a global professional services firm, our hard-working, dedicated employees are the lifeblood of KJT Group. Transitioning to an employee-owned company allows me to reward our employees for their dedication and commitment, many of whom have been with the company for more than 10 years. I believe it creates a more sustainable business model, here in Rochester, NY, for our employees and our clients. We expect that providing ownership to employees will lead to greater employee satisfaction, reduced turnover, and a more rewarding work experience. As a 100% employee owned company, we are able to create a more meaningful companywide culture of employee empowerment and responsibility." Dr. Tomaszewski will remain the CEO and Chairperson.
More on S For Story
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Indies United is pleased to present our July 2025 book releases
- New Book Music Care: The Bridge to Hope Explores Music as a Lifeline Through Life's Hardships
- Scott Burton Releases Chaos: The Weight of a Memory, a Poetic Journey Through What Still Lingers
An ESOP is a type of retirement plan popular for shareholder succession and employee benefit purposes. In certain situations, they enable the long-term deferral of both capital and corporate taxes. Employees do not pay out of pocket, either. The company contributes cash to the employee stock trust which in turn bought stock from existing shareholders. In addition to creating greater financial security for employees, ESOPs can also increase employee productivity and efficiency. According to The Menke Group, this all helps to better align the interests of employees, management, and shareholders.
About The Menke Group: The Menke Group (http://www.menke.com) has helped over 3,500 companies use employee stock ownership plans as part of their ownership structure. Founded in 1974, they specialize in the structuring and ongoing maintenance of these plans.
About KJT Group: KJT Group (http://www.kjtgroup.com) is an evidence-based consulting firm. Through co-creative partnerships with their life sciences clients, they capture actionable insights that enhance strategic and tactical decision-making. Founded in 2007, KJT Group employs nearly 50 full-time staff across the United States. KJT Group is a member of Intellus Worldwide, the European Pharmaceutical Marketing Research Association (EphMRA), and the British Healthcare Business Intelligence Association (BHBIA).
More on S For Story
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Industry Insider Unveils Groundbreaking Car Buying Guide for First-Time Buyers:
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Twentieth Century Publications Helps Authors Turn Ideas Into Published Success Stories
- Award-Winning Author Debuts New E-Book
Source: The Menke Group
0 Comments
Latest on S For Story
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
- Kids Reading Adventures Launches Big Summer Book Sale on Smashwords Starting July 1!
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- New Novel From Essex Author Takes Readers on a Thrilling International Chase
- Kilpack's Dystopian Military Sci-Fi Novel Battle Calm Named Finalist in Utah Book Awards
- Anna D. Banks' Street Smart Series Soars: "Future Ready" Tops Charts, "Money Smart" Debuts #1
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- Anthony B. Bonapart Featured on the Cover of Entrepreneurs in the Spotlight Magazine
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- Endoacustica Europe Unveils iPhone 13 Pro Max Spy Phone—Pure Hardware, Zero Software Changes
- Suzanne Harp named Managing Director in Texas, USA
- $10 Million Acquisition of GXR World Sports Assets Energizes Global Launch of Sports.com Super App by Online Lottery-Sports Game Provider: Lottery.com
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made