Employee Stock Ownership Plan

Why Does Ownership Matter?

Matrix Technologies, Inc. is a 100% employee-owned company. The mechanism that allows employee owners to share in the growth of the company is our Employee Stock Ownership Plan (ESOP). We make yearly contributions of stock to the ESOP on behalf of the employee owners.

No action is required to join the ESOP and there is no cost to the employee. Participants qualify to enter the plan after completing 1000 hours or worked time in a calendar year. An employee must also be 18 years old to participate.

An ESOP is a retirement plan similar to a 401(k). This benefit is available to employees along with our 401(k) plan to help with retirement planning. The table below explains the difference between the two retirement benefits.

What are the benefits?

Contributions are made to employee accounts each year and the value grows over time. The annual contribution is based on an employee’s eligible compensation. The shares allocated each year are based on the financial performance of the company. The ESOP accounts are subject to a six-year graded vesting schedule. The longer an employee stays with Matrix, the more they vest.

Why Does Ownership Matter?

Each employee can play a direct role in helping Matrix achieve success. The better Matrix performs, the more it benefits the employee ESOP accounts. Participating in an Employee Stock Ownership Plan (ESOP) helps the employee build wealth over time and results in 4-5x more retirement assets than someone in a non-ESOP company.