Dudek is a 100% employee-owned company and has been employee-owned since 2003. Employee ownership creates a unique work environment that benefits our people and our clients. As employee-owners, we all have the ability to impact the firm’s success and the opportunity to share in its profits. Ownership means we’re all in this together.
Thinking Like an Owner
As employee owners, we’re all aligned toward a common goal—to do great work for our clients! Our culture of ownership means we take pride in our work and trust our fellow Dudekians to do the same. We ensure the firm’s long-term success through mutual accountability and responsibility to our clients and our fellow owners.
Building Wealth Beyond Your Paycheck
As an employee-owner, Dudek’s success is also your financial success. When you invest energy and commitment in the work you do at Dudek, Dudek invests in your growth and long-term wealth through the ESOP. The ESOP is another retirement plan, fully funded for you by Dudek with the firm’s profits. The better our company performs, the more your ESOP shares are worth. Nationally, employee-owners have more than twice the average total retirement balance of Americans: $170,326 compared to $80,339.
Frequently Asked Questions about Employee Ownership
Q: What does it mean to be employee-owned?
A: It means that everyone who works at the company has the opportunity to become an owner! Employee ownership ensures we’re all invested in Dudek’s success and that everyone builds wealth when the firm succeeds.
Q: What is an ESOP?
A: An ESOP is an Employee Stock Ownership Plan. Technically, it is a retirement plan. Your ESOP account is funded by annual contributions made by Dudek and the value of your account tracks closely with our success.
Q: Where does the money in the ESOP come from?
A: Every year, Dudek contributes a portion of profits to your ESOP account. Your account grows from these annual contributions. The annual contribution is discretionary and is allocated based on hours worked, years of service, and compensation.
Q: Does this cost me anything?
A: It does not cost you anything! You pay nothing for your shares and do not have to contribute to your ESOP account.
Q: Is the ESOP open to all employees?
A: It is open to all full-time, part-time, or as-needed employees who are over the age of 21 and have worked at least 1,000 hours in the past 12 months.