ESOP
ESOP Fundamentals
Operating as a 100% Employee Stock Ownership Plan (ESOP) Company, McLean is entirely owned by its employees because of their employment by the Company. Our organization operates under the broad-based employee ownership structure, instead of ownership by a single proprietor or a few investors. Employee ownership ensures transparency, shared responsibility, and a commitment to long-term growth.
By empowering a diverse group of stakeholders, we foster innovation and maintain a strong alignment with our core values. We work hard to ensure the success of our employee-owned company! McLean’s success is our employees’ success. Our commitment is simple: Complete every construction project on time, on budget, and with exceptional quality. This takes an effort from all employees to work as a team to get the job done.
Because every employee is an owner of the Company, employees are motivated to work together towards producing excellent results. Pride in ownership is what makes McLean Contracting Company successful.
Our ESOP plan is managed by an outside third-party administrator who ensures the plan complies with Federal regulations. Each employee has an account that includes shares of company stock.
- The amount in each account is determined annually by a formula that includes the number of employees, valuation of the Company and other variables.
- All contributions to employee account are made by McLean, and employees receive annual notification of the value of their accounts.
- Employees do not contribute anything towards ownership of Company stock, nor are they able to voluntarily buy or sell shares of stock.
- Employees receive a taxable payout of their account only upon termination or retirement from McLean.
Our Commitment
In addition to our company values, employees embrace a unique set of actions specific to our roles as employee-owners.