Employee Stock Ownership Program

In 1972, Sundt established an Employee Stock Ownership Plan ("ESOP") as a way to bring a heightened sense of dedication and commitment among all our employees, and to create the next generation of company owners. An ESOP company is different from traditional types of corporate ownership in that it is owned in whole or in part by its employees through its ESOP trust, and each employee shares in the profits and success of the company. When we all think and act like owners, everyone holds each other accountable and great things happen. We recently had our best year ever in terms of revenues and profits – after five previous best years ever.

Sundt is a different kind of construction company.

Most construction companies do not offer an ESOP, as this type of ownership doesn’t lend itself to every corporate structure. At Sundt, however, we believe our more than 1,500 employee-owners experience greater job satisfaction and perform better because they have a true stake in the company’s future.

Annual contributions are determined by company performance and made to eligible employee accounts. These contributions are normally based on a percentage of wages; employees are generally eligible for participation after 1,000 hours of credited service during the initial full plan year of employment. Use our ESOP calculator (MS Excel Document) to help you forecast potential long-term financial growth you could receive as part of working at Sundt.

On top of the ESOP and comprehensive benefits package, employees can also participate in the company’s 401(k) retirement savings plan. There are a variety of investment options to choose from as well as the opportunity to contribute up to 80% of taxable wages to the plan (within IRS dollar limits). Eligibility to participate is based on 500 hours of credited service during six months of continuous employment.

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