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    “The Employee Stock Ownership Plan is an outstanding benefit. My company is entirely employee-owned and all profits made by the company go back into the employee’s retirement account and shared dividends. This incentive program leads to a true sense of ownership and pride in the company. Everyone is focused on the bottom-line because we all have a stake in doing what is right and earning for ourselves,” explains one employee at this engineering design firm based in Kansas City, Mo.

     

    “I have one word—ownership. I started at Burns & Mac as an intern. Next year I will retire with over 34 years of service. I have lived it. Employee ownership works. I am sorry to say it but I feel you cannot understand it without experiencing it. I am blessed. I have seen our competitors claim to be employee owned but typically stock is distributed to only a few employees. Really?! Burns & Mac stock is distributed openly and fairly to everyone. Yes, everyone. Our clients benefit because at Burns & Mac everyone acts like an owner and pitches in. We act as if we are all in the same boat—because we are! Real ownership is the ‘secret sauce.’ It is simple. It is true,” says another employee.

     

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    Company Info

    Industry
    Other
    Year founded
    1898
    HQ location
    Kansas City, MO
    Size
    Large
    U.S. employees4,973
    Web addresshttp://www.burnsmcd.com

    Retirement Program

    Retiree health insurance
    yes
    Long-term care insurance
    no
    Phased retirement programs
    yes
    Defined benefit pension plan
    no
    Retirement planning resources
    yes
    401(k) or 403(b) plan
    yes
    Company matches employee contribution
    yes
    % matched50%
    Up to X% of employee salary6.5%
    Internal promotion rate19%