What is an
Employee-Owner?
It’s simple. An employee-owner is a team member who shares in the company’s success through an Employee Stock Ownership Plan (ESOP). At LJA, this model fosters a culture of collaboration, innovation, and growth empowering employees to contribute meaningfully while benefiting financially and professionally from the company’s performance.
ESOP versus 401K
A 401(k) plan is a retirement savings plan where employees contribute a portion of their salary into various investment options with the goal of building a retirement savings and a company may match a portion of the funds.
In contrast, an ESOP (Employee Stock Ownership Plan) is a retirement plan where employees have ownership in the business. LJA fully funds the ESOP without any financial contributions by employees, unlike a 401(k) match.
ESOP Key Benefits
- Become an employee-owner on Day 1 of work
- Time worked as an intern counts towards vesting
- Working for an ESOP company allows you to build wealth over time passively
- LJA fully funds ESOPs without any financial contributions by employees
- Employee accounts grows in two ways – through an annual contribution that the company makes to the account PLUS an annual change to the value of the stock price
