Employee Stock Ownership Plan
SJE-Rhombus is proud to be an ESOP company!
What does ESOP mean?
ESOP (Employee Stock Ownership Plan) is an employee benefit plan governed and regulated by United States law. SJE-Rhombus began its journey into an ESOP company in 1988, becoming 100% employee-owned. Employee-ownership means that everyone at SJE-Rhombus has a vested interest in the success of the company. This gives SJE-Rhombus a competitive advantage; each employee-owner is working partner - motivated to be acutely involved in the day-to-day operation of the business. This involvement and commitment has continued to be the catalyst for our success.
Our talented employee-owners take great pride in manufacturing quality products and servicing our customers to support out exceptional line of control products. Each employee is rewarded by the steady increase in the value of SJE-Rhombus stock in their retirement account.
There are only approximately 11,000 ESOP companies in the United States; only about 1,000 of those are owned entirely (100%) by employees. SJE-Rhombus is proud to be one of those companies! To learn more about ESOP companies, please visit The ESOP Association and the National Center for Employee Ownership web sites.
Employee Testimonials:
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"Being a part of the SJE ESOP means I have a definite and direct stake in the success of everything that happens. These benefits started to take on a greater reality as I reached my 4th or 5th year of employment. I started to see the value of my account reach levels that I couldn't have imagined when I first started." Dave Long |
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"I am proud to be an employee-owner at SJE Rhombus Controls. Working for an ESOP company enables me to work side-by-side with committed co-owners. I feel the commitment from fellow employee-owners to do the best job that they can results in high quality products and excellent service for our customers on a daily basis.” Shelly Maguire |
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"Being young and having an ESOP is an amazing feeling. ESOP will help me in planning for my retirement. I will stay with SJE-Rhombus for as long as I am able to. By far, it is the greatest company to work for. I'm glad to be an employee-owner of something as successful as SJE-Rhombus!" Jill Svoboda |
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"It was obvious when I started working at SJE-Rhombus that ESOP was an important benefit to employees. It didn't take me long to realize the value of being an ESOP company. It really is an outstanding benefit! As employee-owners, my fellow employees and I have a vested interest in the success of the company." Kevin Christianson |
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"Our ESOP is an awesome return on your investment. If you stick with us here at SJE-Rhombus you will also see the benefits grow. It's a nice nest egg I'm looking forward to as I get closer to my retirement years " Pam Bjorgan |
