Sundt Construction, Inc. (www.sundt.com) ranks No. 68 on the National Center for Employee Ownership’s Top 100 largest majority employee-owned company list.
In 1972, Sundt established an Employee Stock Ownership Plan (ESOP) and today, the company is 100 percent employee-owned. An ESOP company is different from traditional types of corporate ownership in that it is owned in whole or in part by its employees through its ESOP trust, and each employee-owner shares in the profits and success of the company. At Sundt, all employees are generally eligible for participation after 1,000 hours of credited service during the initial full 12 months of employment.
“Sundt is honored to be recognized as one of the country’s largest employee-owned companies,” Sundt’s Corporate Director of Human Resources Nicole Calamaio said. “Our ESOP program is a way to bring a heightened sense of dedication and commitment among all our employee-owners.”