LJA is 100%
Employee-Owned
Since the beginning, LJA has believed in employee ownership. All of our employees are employee-owners by way of participation in an Employee Stock Ownership Plan (ESOP). The ESOP allows our employees to financially benefit from the company’s success, creating a unique ownership culture.
employee-owner?
It’s simple. Employee-owners are valued team members who work hard and play hard, contributing to both the company’s success and their own. The ownership structure fosters collaboration, encourages innovation, and gives employee-owners the opportunity to thrive both professionally and personally.
Our ESOP allows our employee-owners to directly benefit from the company’s success, through both an annual company contribution into the employee-owner’s ESOP account and company stock value changes.
ESOP vs 401K
A 401(k) plan is a retirement savings plan where employees contribute a portion of their salary into various investment options with the goal of building a retirement savings and a company may match a portion of the funds.
In contrast, an ESOP (Employee Stock Ownership Plan) is a retirement plan where employees have ownership in the business. LJA fully funds the ESOP without any financial contributions by employees, unlike
a 401(k) match.
ESOP Key Benefits
- Become an employee-owner on Day 1 of work
- The company fully funds ESOPs without any financial contributions by employees
- Time worked as an intern counts towards vesting
- Working for an ESOP company allows you to build wealth over time passively
- Employee accounts grows two ways – through an annual contribution that the company makes to the account PLUS an annual change to the value of the stock price
