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What is an ESOP?
An ESOP, or Employee Stock Ownership Plan,
is a plan designed to enable each eligible employee to share in the ownership of our
Company.
Why does A&A have an ESOP?
The ESOP has allowed stock to be distributed broadly at no financial sacrifice to either
the Company or the Employee-Owners. This establishes a stable, long-term ownership
transition plan which is vital to our kind of professional organization.
Who pays for ESOP?
The ESOP account is funded through annual contributions from Anderson & Associates.
Employees pay nothing. These contributions are distributed in the form of Company stock,
cash or other assets held in the ESOP trust. The amount of the ESOP contribution in a
given year is decided by the Board of Directors and is dependent on a number of factors,
the primary one being profitability.
What's in it for A&A?
Finances -- Our ESOP can help create financial resources and opportunities which will
enhance our success.
Quality -- Since the daily efforts our employees make are the biggest factors in our
company's success, nothing is more important than providing an incentive to do the best
job possible.
Tax Relief -- Every company, like every individual, must face the burden of taxes. Our
ESOP provides us with tax advantages which will increase our ability to grow and prosper.
What's in it for our Employees?
Each year eligible A&A employees will share in any contributions. The holdings of the
ESOP are held in trust and administered by Anderson & Associates. As the company grows
and prospers, the value of your stock should grow right along with it. As your years of
service increase, so should your share of stock in our company.
What's in it for our Clients and Business Partners?
Because we, the employees, own a part of the company, every action and decision made
directly affects us. The employee-owner concept greatly benefits our clients and business
partners because the quality of service, the level of productivity, and attitudes in
general are improved.
