Employee Stock Ownership Plan

We’re Proud to be Employee-Owned

Sands Wall Systems is part of a unique group of companies that share ownership with employees through an Employee Stock Ownership Plan (ESOP).

You don’t have to take action or sign up for the ESOP, it is earned through your employment. After meeting an eligible criteria, you’ll become a vested employee and receive contributions that grow in value through years of service. It’s just one way we give back to the people who make this company great.

Benefits

  • Share in the value our business generates over time
  • Long-term wealth building opportunities that you DO NOT pay for out of pocket
  • Stable even in tough times
  • Advantages well before retirement
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ESOP Portal

Visit your employee ownership portal for updates and more ESOP information.

 

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Frequently Asked Questions

Learn more about how employee ownership works. Through the FAQs you'll find info on our ESOP structure, compensation and benefits.
What does it mean to be employee-owned?

Being "employee-owned" means that the employees collectively own 100% of a company through an Employee Stock Ownership Plan (ESOP). In this model, employees earn shares in the company as part of their benefits package, creating a vested interest in the company’s success.

How does employee ownership benefit me?

100% employee ownership provides a unique opportunity for employees to benefit financially from the company’s success, fostering a deeper connection to the company's mission and encouraging a workplace culture centered around shared growth and prosperity.

Do I have to buy shares?

Employees receive shares through the plan at no direct cost to them.

How does my role affect the company's success?

With ownership often comes a stronger link between individual performance and company outcomes. It also fosters a culture where employees build each other up and hold each other accountable as they are all working to increase the stock share price.

What happens if I leave the company?

The money in the ESOP account is yours. Depending on how vested you are determines the amount of your account you will receive. You will begin being paid as the company buys back your stock the following calendar year after you leave the company. You may be paid out all you are owed at that time. However, if your account value is over a certain amount it may take up 6 years for you to receive all your account balance.

Does employee ownership mean more job security?

While being employee-owned can foster a more engaged workforce and long-term vision, it doesn't necessarily guarantee job security.

Can I vote on company decisions?

Employees might assume that ownership translates to decision-making power. Day-to-day decision-making remains with management and/or the board of directors.

How does this affect retirement planning?

Many employees see their ESOP shares as a significant part of their retirement portfolio. Sands also offers a 401k with a 3% weekly match. Both the 401k and the ESOP allow for a massive wealth building opportunity.

Will my compensation change as a result?

No, your regular compensation will not change. You do not pay for stock shares. However, some people view the ESOP as if they are putting between 5-8 dollars an hour away in an account that will continue to grow until they retire or leave the company.

What are the company’s goals as an employee-owned organization?

Our goal is to ensure that all our employees leave a company they were proud to be a part of while they enjoy a life after work filled with financial freedom.