As one of the largest employee-owned general contractors in the country, Sundt has a workforce with more incentive for the company to succeed.
All our employees are also owners of the company, thanks to our Employee Stock Ownership Plan (ESOP). A large portion of our profits go into the ESOP, forming a solid foundation for employee-owners to enjoy in retirement. Our employee-owners have a feeling of greater control over their futures knowing that decisions they make have a direct impact on their retirement savings.
Our clients benefit from our employee-ownership culture as well. When everyone thinks and acts like an owner, people feel a greater sense of pride and responsibility, providing better service and results to clients. Our company has operated under an employee ownership structure since 1984.
Sundt is the fifth-largest employee-owned construction company in the U.S. this year, according to the National Center for Employee Ownership’s list of 100 largest employee-owned companies in the country. For the second consecutive year, we finished as Arizona’s largest employee-owned company of any type.
To be on the list, companies must be at least 50 percent owned by an ESOP or other qualified plan or by one or more other kinds of plans in which at least 50 percent of full-time employees are eligible to participate. In 2016, the nation’s top 100 employee-owned companies employ more than 619,000 people.