100% Employee Owned.
Employee Stock Ownership Plan
WHAT IS AN ESOP?
Employee Stock Ownership Plans (ESOPs) are a type of retirement plan that allow employees to become part-owners of the company they work for. Employees who participate in an ESOP accumulate company shares in their ESOP accounts over time as part of their compensation package - they never have to contribute any funds themselves to purchase shares.
When they retire or leave the company, they can request a distribution which cashes out the shares at their current market value.
Not only does the ESOP provide retirement benefits to employees, it promotes an ownership culture among employees who now receive direct financial benefits based on company performance and, by extension, their work!
ESOP Advantage
DRM has always been a family-owned business. Our culture supports the families that work for us and our ESOP builds upon this foundation, allowing each employee-owner the opportunity to benefit from the work we all put into the business.
DRM Industries is proud to offer our employees the unique opportunity to become employee-owners as shareholders of the company.
Our ESOP supports our culture of working together towards common goals.
Being an ESOP supports our culture of working together towards common goals.
The ESOP structure provides an additional retirement benefit for our employees.
Our ESOP unites our employees to strive for excellence and outperform our competitors.
Jerry Waldon
employee-owner
HOW OUR ESOP SUPPORTS
OUR CUSTOMERS.
DRM is committed to providing industry leading products and services to our customers and end users. We pride ourselves on developing innovative solutions to support the long-term success of our customer’s needs.
Our ESOP supports these goals and our customers by creating:
Greater accountability for work products.
A commitment to quality products and service.
A personal investment in the customer’s success.
non-esop vs. esop
comparison
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ESOP FAQ
An ESOP is a type of retirement account that is 100% sponsored by the employer. Employees are awarded company stock shares annually where the investment grows tax-free until distribution.
Our ESOP is open to every employee in the company. And is available at no cost to them.
We do have a vesting period of 3 years. After that, you can seek a distribution if you leave the company or retire.
No. The ESOP is funded entirely by your employer. We do offer a 401K with a match that you can participate in if you want to save more for retirement.
Your ESOP account is a retirement benefit. You will be eligible to make withdrawals after age 65.
Nothing! The ESOP is 100% sponsored by the employer.
Employees can improve the ESOP value just like an owner might to their own company: being dedicated to customer service, making improvements in time management, reducing expenses and waste, and making improvements in risk management, to name a few.
WORK AT
DRM INDUSTRIES
Are you ready to be more than just an employee? Become an employee-owner and be part of something bigger. DRM Industries lets you invest in your future while taking care of you today. Click the link below to learn more about working here.
Our ESOP Leadership
Our ESOP leadership team is dedicated to supporting our employee-ownership culture, guiding our company as we fulfill our mission and vision while ensuring the ESOP continues to provide value to employees at every level of the organization.
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LET'S GET TO WORK
Use the link below to contact us and tell us about your project needs.
We’ll provide you with a detailed quote.
Sign the contract, place your order, and we’ll get to work.