At Ruston Paving, our employees aren’t just part of the team—they’re the owners!
Many family businesses face the dilemma of how to make sure the business continues after the original owners have moved on.
Ruston Paving has transferred ownership of the company to our employees through an Employee Stock Ownership plan, or ESOP. We’re proud that 100% of our company stock is owned by our employees. By giving employees the opportunity to own private stock in the company, they will have full ownership of our company at no cost to them. Through this structure, employees own the company, giving them a sense of pride and a stronger investment in their work. Ruston Paving’s employee-owners see every day as an opportunity to make a difference.
As the owners of Ruston Paving, our passion and diligence guide our actions as we continue to strive everyday to complete projects we’re proud of.
You have an impact on your financial future every day.
Employee ownership offers you a pathway to long-term wealth building. Your dedication to Ruston Paving ensures that the company’s success is also your success. The future may be unpredictable, but history shows that an ESOP account is 2-3 times higher than an average 401(k) payout.
While results aren’t guaranteed, it provides a glimpse of the possibilities that come with being an employee owner.
Employee ownership builds a strong link between Ruston Paving’s success and your financial well-being. As an employee, your ideas, dedication, and collaboration play a direct role in driving our company’s growth. The combined efforts of you and your fellow employee-owners elevate our performance, increasing the company’s value. And as the business prospers, so do you—this success returns to you in the form of shares, transforming your hard work into real financial rewards.
An Employee Stock Ownership Plan (ESOP) is a qualified, long-term company funded retirement plan that transfers ownership of the company to its employees.
Ruston Paving’s ESOP is a powerful wealth-building benefit provided to our employees at no cost or personal liability. It offers a unique opportunity to build financial security for their future. Research shows that employees at ESOP companies accumulate an average of 2.5 times more wealth in retirement than those at non-ESOP companies, thanks to the company’s shared success.
As an ESOP participant, the value of your account increases over time, and your daily contributions directly impact its potential growth. The longer you stay with Ruston Paving, the greater your potential benefits. ESOP companies also tend to grow faster and remain more stable, even during challenging economic times like the COVID-19 pandemic. By participating in the ESOP, you become an integral part of Ruston Paving’s future growth and long-term success.
Ruston Paving established an ESOP to maintain our company legacy, culture and operations. It gives employees an ownership stake in the company and provides an attractive long-term benefit to retain and attract great employees. As owners of the company, the ESOP rewards employees for their efforts to help the company succeed and grow.
The ESOP is a benefit that costs our employees NOTHING – 100% of the benefit is paid for by company cash flows. There are no salary deductions now or ever.
All Ruston Paving employees are owners as long as you are 18 years old and have worked for the company for 12 months with at least 1,000 hours of service.
