Matrix Technologies, Inc. is pleased and excited to announce it has established an Employee Stock Ownership Plan (ESOP) effective September 2024. The ESOP is designed to assist our employees with their retirement and provide them with a financial stake in the company. Becoming a 100% employee-owned company is a pivotal moment for us and is a benefit that only a small percentage of companies provide to their employees. The ESOP is fully funded by Matrix and employees are awarded shares each year that grow in value over time.
Matrix Technologies’ Core Purpose is Enhancing People’s Lives…Every Day! We believe that shared ownership will enhance our organizational culture and drive our continued success. “Our employees drive all of our success with our clients and the markets we serve, the ESOP allows them to participate in the rewards of that success directly, and to continually improve our company through their actions.” says David Blaida, CEO. “The ESOP will truly enhance the lives of our employees, and the enhance the service our clients receive from our team.”
“I am so excited to offer this benefit to our employees and future hires. At Matrix, we strongly believe in enhancing the employee experience and providing long-term security for our team” says Lisa Behrendt, VP of HR. To learn more about Matrix and our benefit program, visit the Benefits section of our website: (https://www.matrixti.com/benefits).
According to Jason Perry, VP of Operations, “Our culture has always been the key to our success and teamwork is at the core of that. This represents a true commitment to that culture and to everyone on the team.”
An ESOP is a qualified retirement plan established as a trust, where current and future employees receive beneficial ownership in the company over time. Through the allocation of company stock, participating Matrix employees will be able to access a retirement plan that requires no out-of-pocket contribution, helping them plan for their future financial well-being.