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.
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!
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.
OwningIt! Award
At OwnersEdge and our affiliate companies, we talk a lot about owning it. Each of our employee-owners has a vested interest in our success, so we consider our work to be more than just a job; we consider it a collective commitment to our purpose, our fellow employee-owners, and to our customers. In other words, we do whatever it takes because we know when our customers succeed, we succeed.
Each year, we recognize one employee-owner from OwnersEdge and each affiliate with our “OwningIt!” award. The nominees and winners of this award are announced during our Annual All-Employee ESOP Meeting, where we also announce the new share value and highlight successes from each affiliate company.
Introducing our 2021 OwningIt! Award Winners…
Hilary R., BAYCOM
“Hilary has overcome a lot of challenges in her role at BAYCOM – short staffing and supply chain to name two. She always stays calm and does whatever she can to ensure internal and external customers are taken care of.”
Marco P., CC&N
“Marco’s positive attitude, eagerness to learn, pride of workmanship and willingness to do what it takes, regardless of task are exceptional!”
Sam F., Implecho
“Sam consistently goes the extra mile to support both external customers as well as internal teams to provide extraordinary service. ”
Mary B., OwnersEdge
Dakota D., QComp
“Dakota is a humble, smart, helpful and hard worker.”
Tom S., asche & spencer
“Tom is tirelessly dedicated to his craft and thorough in everything he does. A true team player in every sense, he always puts our clients and the company first.”
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.”
Awards
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