When you join OwnersEdge or one of our operating companies, you become part of a unique ownership structure that might be new to you, but it’s sure to get your attention. To clarify, we are not owned by private equity, by a family, by management, or even by a sole owner. We are 100% employee-owned. And we are proud to be employee owners!
It’s not often you can call yourself an employee owner and go to work every day to offer your talents without having to “start your own business.” Although retirement may not always be at the top of your mind, we make sure everyone understands how the Employee Stock Ownership Plan, or better known as an ESOP, is a unique benefit that offers you shares in the company that has proven to gain value over time.
The ESOP is our “gift” to you for the contributions you make every day when you show up for work and give your all.
This is our ESOP Advantage!
What is an ESOP?
An ESOP is a qualified retirement savings plan governed by the Department of Labor. When you become a member of our ESOP, you are automatically enrolled into the ESOP plan on January 1 or July 1 (whichever comes first) after completion of your first year of service. Each year the ESOP goes through a valuation by an outside third party to determine the value of the shares, which will be reflected in your personal ESOP account.