Monday November 15, 2021

Al. Neyer Celebrates National ESOP Month 2021

Al. Neyer has been 100% employee-owned company since 2014. We’re a company with a rich history and an even brighter future. We’re a team that lives by our core values – centered on taking ownership, digging the details, and building relationships the trust – and it’s our employee-owners commitment to these core values that drives our success.

At Al. Neyer, we think and act like we own the company – because we do. Through our Employee Stock Ownership Plan (ESOP), Al. Neyer formed a trust that purchased company shares and now holds these in retirement accounts for our employee-owners. The ESOP is a benefit and retirement plan – in some ways similar to, and governed by, the same laws and regulations as a 401(k) – for our employees.

Developed by the ESOP Association, October is National ESOP Month, a month-long celebration where employee-owned organizations actively learn more about the benefits of holding a stake in their company. We celebrated this month with team events, meals, and weekly trivia, along with an educational overview of our company and ESOP history.

Becoming employee-owned has proven to be one of our best assets. It has driven company growth, both with our people and in our work. Since 2014, we have seen a 233% net growth in employees, and we continue to expand our team to deliver on our growing pipeline across all four markets. This success is directly associated with each employee-owner working toward the same goal because when Al. Neyer succeeds, we all do.

“We take ownership” is one of the core values that our employee-owners put into action every day. While it is top of mind for everyone, each person approaches it differently, so we asked a few employee-owners to share what “we take ownership” means to them.

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