It’s something that you feel, it’s contagious, and it’s part of our core values. You feel the buzz during the huddles, you feel the excitement with every key win, and you feel the unforgettable electricity that builds in the air when a large group of people work towards a common goal – that when our customers succeed, we succeed!
The benefits of being 100% Employee-Owned
In an Employee Stock Ownership Plan (ESOP) model, the good of the business reflects the good of each individual employee due to a shared stake. This ultimately creates a “win together, lose together” mentality that emphasizes collaboration and teamwork, tenets that not only improve morale and company culture but also have a tangible effect on company performance.
With the long-term incentive and wealth opportunity that an ESOP provides, employees are more likely to work harder in the best interest of the business. The benefits of working within an ESOP are best reaped the longer you’re with a company, which ultimately leads to lower turnover rates, higher company loyalty, and increased trust within the business.
Because each employee has a degree of ownership within the business, the inner workings of a company’s cash flow and other financials are readily shared within PFSbrands. This Open Book Leadership model creates much less distance between leadership and employees, which offers a level playing field to each individual within the company to be successful and know how they are impacting the business.
Overall, ESOPs are cost-free, culture-focused, and unique (accounting for less than 1% of companies in the USA, according to the National Center for Employee Ownership). All of these elements make working for an ESOP highly appealing to new hires.
Employees also pay no tax on the accumulation of shares in their ESOP accounts. Additionally, upon retirement, diversification, or end of employment, they can roll over their distributions to an IRA or another qualified retirement plan. PFSbrands feature an ESOP plan in addition to, not in replacement of a 401(k).
Want to work for an awesome Employee-Owned company?
PFSbrands has been a team-focused 100% employee-owned company since 2017, and employee-ownership is just one of the many attractive benefits we offer our people. Here are a few more!
Employee Assistance Program
|Long-Term Disability Insurance
Cafeteria Plan (FSA)
Health Savings Account
401k Plan w/ company match
Employee Stock Ownership Plan
Open Book Leadership
|Employee Owner Discount Programs
Onsite Fitness Center
Paid Time Off
Better Book Club
Casual Dress Attire
[We are an EEOC. All applicants have rights under Federal Employment Laws including FMLA. Read the EPPA Notice.]
[Through UnitedHealthcare, UMR creates and publishes the Machine-Readable Files on behalf of PFSbrands. Please click on the URL provided to read more: transparency-in-coverage.uhc.com]