An ESOP is an Employee Stock Ownership Plan. It is a defined retirement plan that meets ERISA guidelines. Employees have an ownership allocation in the company through a stock trust. Although the option has been around for decades, it has recently been made even more attractive through legislation, offering more benefits to employees and companies, which in turn translate to benefits to the customer.
Benefits to Companies
Employee ownership is known to increase production and profitability, and improve loyalty and dedication. This designed system of employee ownership instills the character of pride and the ownership mindset that helps drive our amazing teamwork.
Employee ownership complements our core values. One of these values is that “We are partners in everything we do.” Over the past few years we have built a company culture that gives our employees significant autonomy through the establishment of self-directed work teams. Now that they are owners, SunEarth employees are much more than figurative partners. They will now share in the financial and operational success of SunEarth in ways that few employees do.
Benefits to YOU
As part owners of the company, all team members share in SunEarth’s commitment to quality and customer satisfaction. By being personally invested in the company’s success, everyone at the company from the top down places the highest priority on responsiveness to customers, making sure that we are always available to answer any question and solve any problem.