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Employee Ownership
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There's a lot of talk these days about corporate culture. At Burns & McDonnell, we talk about our culture of ownership. It shows in the pride we take in how we treat our clients, approach our jobs, treat each other and celebrate our successes.

We think and act like owners, because we have a stake in the company's financial performance. The success of the firm, which is 100 percent employee-owned, directly affects our individual success.

What is an ESOP?

Employee-Owner Testimonial
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Jeff Reid describes how employee-ownership is a critical part of the Burns & McDonnell culture, enabling everyone to contribute to both corporate and client success.
Hear what other employee-owners are saying >
Careers - Life & Culture - Founders Day
Burns & McDonnell events like Founders Day bring employee owners together to celebrate achievements and get to know each other in a more social setting.

An Employee Stock Ownership Plan (ESOP) is a tax-qualified employee benefit plan establishing the employees of a company as the beneficial owners of stock in that company.

Through the Burns & McDonnell ESOP, employees automatically become stockholders at no cost to the individual. Employees become participants in the plan on the first day of employment.

At each year-end, the company makes a cash contribution to the ESOP. This contribution is then distributed to all eligible employee accounts as a proportion of compensation.

The cash in each employee's account is used to purchase shares at the current fair market value. As a privately owned company, our stock is not publicly traded and therefore the stock price is determined each year by an independent valuation consultant.

Throughout employment with the company, an employee's account grows with annual contributions, stock appreciation and dividend payments. Employee-owners vest in ESOP assets over a period of six years. After two years of service, a participant is 20 percent vested, increasing 20 percent each year until they are fully vested. When an employee-owner retires or leaves the company, their stock is repurchased and they receive the proceeds from the sale of stock.

Retirement may seem distant, but the Burns & McDonnell ESOP is a high-impact program that can secure your future.

Burns & McDonnell is committed to continuing our success as an outstanding ESOP company. We are proud to be members of the national ESOP Association and ESCA (Employee-owned S Corporations of America).

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