100% Employee Owned.
Employee Stock Ownership Plan
DRM Electrocoat is proud to be a 100% employee-owned company.
Our Employee Stock Ownership Plan (ESOP) is open to every employee, allowing them to own shares of company stock in a retirement account and become employee-owners.
Over time, shares grow in number and value as the business grows and experiences success. Upon retirement, or if an employee leaves the company before that, they can sell their shares back to the company for a distribution.
Our ESOP gives our employees an additional retirement savings benefit (we also offer a 401K) and promotes an ownership culture where we all succeed together.
WHY IT MATTERS
TO OUR CUSTOMERS
DRM Electrocoat is proud to be a 100% employee-owned company. Our Employee Stock Ownership Plan (ESOP) is open to every employee, allowing them to own shares of company stock in a retirement account and become employee-owners.
Always strive for success
Innovate and problem-solve
Take pride in their work
Develop a sense of ownership and pride in our customers’ businesses
non-esop vs. esop
An ESOP is a type of retirement account that is 100% sponsored by the employer. Employees are awarded company stock shares annually where the investment grows tax-free until distribution.
Our ESOP is open to every employee in the company. And is available at no cost to them.
We do have a vesting period of 3 years. After that, you can seek a distribution if you leave the company or retire.
Your ESOP account is a retirement benefit. You will be eligible to make withdrawals after age 65.
No. The ESOP is funded entirely by your employer. We do offer a 401K with a match that you can participate in if you want to save more for retirement.
Nothing! The ESOP is 100% sponsored by the employer.
Employees can improve the ESOP value just like an owner might to their own company: being dedicated to customer service, making improvements in time management, reducing expenses and waste, and making improvements in risk management, to name a few.
Our ESOP Leadership
Our ESOP leadership team supports our employee-ownership culture by providing structured guidance and plan management that ensures both regulatory compliance and maximizes the employee benefit.