Our Employee Stock Ownership Plan
The company's owners chose to shift away from a regular 401(k) to ESOP because of their desire to diversify holdings and share the success of the company with the employees.
Because of this plan, we all work to align our actions and attitudes with the principles of ownership as opposed to those of only an employee of a company.
What is an ESOP?
An ESOP is an employee benefit plan in which employees of a company own stock in that company. An ESOP is unique among qualified employee benefit plans in that it is required by law to invest primarily in the securities of the sponsoring employer, and its ability to borrow money. As a result, "leveraged ESOPs" may be used as a technique of corporate finance.
By becoming an ESOP company, Acadian instills pride, wealth building, and trust in employees. All ESOP companies are dependent on the employee-owners to survive and grow. Ownership is not just about running things; real ownership is building value for all.
Learn more about ESOP: The National ESOP Association
2012 ESOP Employee of the Year
The ESOP Employee-Owner of the Year Award was created to recognize individuals that embrace the ESOP philosophy, are an ESOP advocate and support efforts to make the ESOP grow through their actions and promotions of the ownership culture.
This year’s recipient joined Acadian in 1995. He strives to increase profitability with his exceptional customer service and dedication to the community. He is dedicated to the Acadian Explorer Post, which works with young people who are interested in the EMS calling, and is currently expanding the program throughout Acadian’s coverage area. The Explorers offer free standbys at major events, from local festivals to University of Louisiana at Lafayette football games.
We are proud to announce the 2012 ESOP Employee of the Year, Mr. Craig Hamilton.