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