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What Does it Mean to be an ESOP?

Alpine’s Employee Stock Ownership Plan (ESOP) provides fair and broad-based employee participation in the benefits of company ownership. As a result, every employee has a vested interest and stake in the work we, individually and as a company, provide to you, our client. It also means that our shared goal of establishing, sustaining, and promoting long-term successful relationships with each other and with our clients, is of extreme importance.

An ESOP is a qualified, defined contribution employee benefit plan that invests primarily in the stock of the employer company. Alpine’s ESOP does not require (or even allow) employees to invest their own money into company stock. Rather, the ESOP is funded entirely by company contributions. Alpine’s ESOP was created in 2012. At that time, it owned 49% of the company. As of December 31, 2017, we became 100% ESOP-owned.

What are employees saying about the ESOP?