Employee Stock Ownership Plan
100% Employee-Owned
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.
Since our employees are also owners, they have a vested interest in the success of the company. This ownership mentality translates into higher levels of dedication, accountability, and quality in the work we deliver. Clients can expect a team that is deeply committed to their projects and outcomes.
What are the ESOP 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.
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 and they reach 18 years of age.
Why Does Ownership Matter to Our Employees?
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.
Why Does Ownership Matter to Our Clients?
ESOP companies often experience greater stability because employees are motivated to stay with the company long-term. This means clients benefit from consistent service and long-term relationships with experienced professionals who understand their needs and goals. Clients can expect the following benefits of working with a 100% employee-owned company:
- Enhanced Commitment and Quality
- Stability and Continuity
- Innovation and Collaboration
- Stronger Client Relationships
