When you join OwnersEdge or one of our affiliate 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.
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!
We Are Proud to be Employee Owned!
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.
Supporting our ESOP Mission
All employee owners are welcome to be part of an ESOP Committee which runs activities and events each year around our four missions – ESOP Education, Community Involvement, Well-Being and Employee Celebrations. This voluntary committee consists of a chair, past chair, a leader for each mission and ESOP champions. Our entire committee is looked upon as ambassadors for our ESOP and what employee ownership means to all of us!
GIVING BACK TO OUR COMMUNITIES
In addition to our employee owners giving back to their communities with their day to day work efforts, we also strive to connect employee owners to the community through our volunteer programs – both through company planned events and paid time off each year to volunteer.
ESOP 2021 Events
Meet a CC&N Employee Owner
Name: Josh B.
Hometown: Waukesha, WI
Owner Since: 2014
Quote: “One thing that I like about CC&N is that it is employee owned. I have a vested interest in the company. Another thing I like is working for the Service Dept. The people I work with & the work I do, definitely makes the job more enjoyable.”
Name: Dallon S.
Hometown: Racine, WI
Owner Since: 2020
Quote: “As an employee owner at CC&N, I have a new understanding of accountability and responsibility for a person no matter their job title. I am excited to see CC&N grow and to be a part of its success.”