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 our 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.
How does my ESOP grow?
Our employees’ ESOP accounts grow in two ways, through:
The annual gifted employer contribution – targeting 10-15% of your annual earnings
The annual change in the OwnersEdge affiliate company consolidated share value
Our Commitment to Diversified Growth
Today we have five affiliate businesses, and our goal is to have ten diversified affiliates over the next few years. This approach of adding healthy diversified businesses to the OwnersEdge portfolio, and providing a means for them to continue growing, is our commitment to you as an employee owner. Our employee owners have a vested interest in the success of our affiliates, that can be experienced in our culture and positive work environments. The collective efforts of you and others on your team have the ability to impact the overall consolidated company performance and share value.
IN COMPARISON TO A 401(K) RETURN RATE OF 8%, OUR ESOP HAS EXPERIENCED AN AVERAGE RETURN RATE OF 19% OVER THE LAST 10 YEARS!
Pathway to Your American Dream
Statistics show that, on average, the typical employee will have up to 12 jobs throughout their career! When we hire employee-owners, our goal is to give you every opportunity to stay on a path within our ESOP until you wish to retire. Whether you are recognized for your technical talents, previous experience, or you excel at people leadership, we build on your strengths and create pathways to help you grow your skill sets and enhance your career. Our hope is that when you retire and look back, you can say that the ESOP Advantage helped you realize Your American Dream.
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