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ASU Group Named ESOP Company of the Year

Wednesday, April 2, 2014   (0 Comments)
Posted by: Michelle Rahl
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ASU Group Named ESOP Company of the Year

The ASU Group, an employee-owned corporation that provides services to the insurance industry and self-insured organizations, was recently awarded the 2014 Employee Stock Ownership Plan Company of the Year by the Michigan Chapter of the ESOP Association.  The award recognizes outstanding employee ownership members actively committed to developing the dignity and prosperity of individual employees through their combined efforts.  

Debra Claeys, President said "We are honored to have been selected and we are deeply grateful to each of our employee-owners for their commitment, integrity and individual hard work.  We have a team of exceptional people." 

An ESOP, or Employee Stock Ownership Plan, is an employee benefit plan that allows employees to become owners of stock in the company. ASU Group will join other state and regional ESOP Chapters in competing for the title of National ESOP Company of the Year in Washington, DC later this year.  

Founded in 1952, the ASU Group became a privately-held ESOP in 1982 and is one of a small number ofcompanies in the country that is 100% owned by the ESOP.  The company provides independent claim adjusting, case management, medical bill review and third party administration to insurance companies, self-insured property and casualty organizations throughout Michigan and several Midwest states.  


Contact Information:

Theresa Cooper

Phone: 800-968-0278

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