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Rosendin Rosendin

Employee Ownership

30+ Years of Employee Ownership

Rosendin is proud to be employee-owned, and our entire team carries a sense of accountability for the successes we experience. This type of family atmosphere starts at the top. Our employee-owners see their personal value in the company and understand their responsibility. We all have a stake in our future and take a long-term view of our customers’ welfare. We are motivated and empowered to provide the very best value and service as we focus on keeping customers for life.

Employee Ownership Overview Brochure

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What & Why

Ownership that Matters

The Rosendin Employee Stock Ownership Plan (ESOP) is a company-provided profit-sharing retirement plan. The plan outlines how stock is distributed in our company, including allocations to participants. Individual accounts are maintained on behalf of each participant, and company contributions are allocated based upon annual compensation.

ESOP companies have a 25% higher job growth rate than non-ESOP organizations
Employee-owned companies are 4x more resilient than other companies in an economic downturn
Cooperative businesses have substantially lower rates of failure than traditional corporations and small businesses
Contributions equate to free retirement benefits for all participants
ESOP companies are exempt from Federal Income Tax (subject to tax law changes)
Employees share in the results of the company
Rosendin has established Initiative Teams to promote employee involvement in key areas of the company
ESOP trustees are elected by the participants
Trustees are available to answer questions related to the plan
32

Years of Employee Ownership

4x

Employee-owned companies are 4x more resilient than other companies in an economic downturn

No Cost

Contributions are free retirement benefits to all participants

Employee Owners

FAQs

What is an ESOP?

An ESOP, formally known as an employee stock ownership plan, is a tax-qualified retirement plan that invests primarily in the employer’s stock. The company sets aside stock in the ESOP to help employees prepare for retirement.

What does an ESOP mean to me?

It means employees will be beneficial owners of the company at no cost, with equity in the company and retirement benefits. Non-management employees will not, however, participate in the management of the company, day-to-day decision making, and hiring and firing decisions. The ESOP does not guarantee employment at the company.

How is an ESOP different from a company’s 401(k) plan?

There are two key differences between ESOPs and 401(k) plans. First, an ESOP invests primarily in an employer’s stock, while a 401(k) plan generally offers various mutual funds in which employees may invest funds. Second, 401(k) plans permit employees to contribute their own money into the plan, while the ESOP contributions come solely from the company – making them completely free to employees.

How often will my ESOP account balance change?

An ESOP account balance will usually change only once per year. Employees will receive an annual statement that provides the financial activity for the year, including the updated stock value.

How may the value of an account in the ESOP be increased?

Since the value of an ESOP account is based in large part on the value of the company’s stock, anything employees are able to do to help the company succeed and grow will also help ESOP account balances grow. Each employee’s part in this depends on his or her role in the company, but taking any actions to improve efficiency, cut expenses, or to increase revenue could increase the value of ESOP accounts. Employee owners can have an effect on building a better company and increasing its value.

What is the role of an ESOP trustee?

The trustee controls the ESOP trust. He or she represents the plan participants and makes sure that the plan is operated in their best interests. The trustee also sets the annual price of the stock with the help of the independent valuation firm.

Before I started full-time with Rosendin, I interned for two years. My internship helped me to get hands-on experience with writing RFIs, doing submittals, and reading drawings and documentation that we didn’t necessarily cover in class. I decided to stay with Rosendin because I felt like everyone was really trying to help me do better. I have a mentor, and I have someone that gives me goals and expectations to get to the next step.

Shannon H.
Project Manager
Virginia
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The thing I absolutely love about Rosendin is that they care about their people. This was shown to me during my first summer internship and is still very evident as I go through my second-year internship. This experience with Rosendin has been amazing because it immediately immersed me in the electrical construction industry. It has been a pleasure to work alongside the team at Kaiser Permanente in Woodbridge, VA as they have provided me with knowledge that I will carry with me as I progress with this amazing company. I am truly grateful that I could have this experience and I am excited to continue my journey with Rosendin Electric.

Noah H.
Project Manager
Virginia

The most surprising part about being a woman in construction is that the acceptance has changed from when I started to now. It’s much easier to jump in with everybody and be accepted.

Jenica B.
Division Manager
California
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I truly enjoy waking up each day and working alongside such amazing people. Management support here is unlike any place I’ve worked before. Our employees are empowered to take charge of their careers, and tools are provided to allow everyone to achieve success. Additionally, there is an emphasis on the importance of a healthy work-life balance which is important to me with small children at home. I take comfort in the reality that we are all in this together. I get to work for a company where everyone is quite literally working together for the greater good of the entire company.

Angela R.
Operations Manager
California

Starting in high school I was working IT Helpdesk and in college, I worked both in IT as well as construction. After graduating I took a job as a Project Engineer for a large General Contractor. In my time working there they implemented a new ERP system and I joined that team combining my knowledge of IT and Construction. I’ve stayed in IT ever since and in 2019 became Rosendin’s CIO.

Matt L.
Chief Information Officer
California

Working at Rosendin has been a great learning experience. I love working with the people, Rosendin cares, safety is a virtue, and at Rosendin you’re part of a family. As an employee-owned company, we have a bigger investment in the success of the company, it’s personal. Pride and responsibility come with being an employee-owner.

Shari Z.
Safety Manager
California

“Take the chance. Do not be afraid. Do not let anyone tell you that you can’t do it. Don’t let biases take you away from your dream (of a being a woman in construction).”

Erika F.
Director of Regional Safety
Virginia
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At Rosendin, I am able to learn and grow both personally and professionally. Employees on both the field and office side have helped me learn so much about electrical construction. The time people have taken out of their schedules to help me be successful has made me feel valued as both an employee and as an individual. As employee-owners, the people take more ownership of their careers and the success of the organization. There is a sense of comradery that we are all in this together. Success is not just about the individual, it is about the success of all employees as well as the organization.

Kayla H.
Instructional Designer
California

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