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Our Belief

Becoming an ESOP Was an Easy Choice

We view ownership as a path to growth, which is why we formed an ESOP so our employees can shape and share in our success.

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ESOP at a Glance

What, How, & Why of Employee Ownership

It’s more than an acronym, it’s the accrual of ownership and influence.

What Is an Employee-Stock Ownership Plan:

An ESOP is a type of retirement plan where employees receive ownership in the company through stock shares.

How It Feels to Be an Employee-Owner:

When you become an employee-owner, your work is no longer a means to an end. It’s wealth in the making.

Why Your Shares Stack Up Faster Here:

An ESOP is only as strong as the company behind it. Our company is growing and your shares are too.

ESOP Testimonials

Employee-Owner Stories

Man in striped shirt on balcony above library with yellow lights.
"When employees become owners, everything shifts. Employees go from punching a clock to acting like partners. As a 45-year employee, I can attest that Kokolakis creates a culture where loyalty is met with stability and care, and where ownership creates bonds that make the team truly stronger."
Butch Mulligan
Retired Kokolakis Employee / ESOP Participant
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"The ESOP program gives me a chance to share directly in the company's success. Knowing that my hard work contributes to that success, and helps build my own future, makes every project feel that much more meaningful."
Greg Bopp
Senior Project Manager
Woman in denim jacket works at desktop, VACATION FOREVER sign.
"ESOP means we're all working together towards the growth and success of Kokolakis, not just for today, but for years to come. It reinforces the belief that our individual efforts contribute to something bigger. The harder we work today, the greater the opportunity to enjoy a rewarding retirement tomorrow."
Allison Santucci
Human Resources Manager
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"ESOP provides an additional layer of security and stability within the organization, along with a genuine sense of pride in ownership for every employee."
Daniel Vazquez
Senior Superintendent

How an ESOP Works

Understanding the ESOP Basics

New to ESOPs? Let’s go over some common terms and benefits you shoud know.

More Ownership Over Time

As you build your career at Kokolakis, you earn shares in the company. There’s no out-of-pocket cost — you earn automatically over time.

Company Contribution

Employees do not purchase shares. Instead, ownership is earned through continued employment and contribution to the company.

Payout and Distribution

Like other retirement plans, ESOP shares are paid out when an employee retires or leaves the company, according to the plan’s terms.

Long-Term Freedom

The ESOP is designed to support long-term financial security for you and your family long after your retirement from Kokolakis.

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Frequently Asked Questions

Want to Know More About the ESOP at Kokolakis?

More Questions?

  • How is an ESOP different from a 401(k) or other retirement plans?

    Our ESOP gives Kokolakis employees ownership in the company, not individual investment choices. Instead of contributing your own money, you earn shares over time based on your employment.

  • Who is eligible to participate in an ESOP?

    Eligibility in Kokolakis’ ESOP program is based on length of service and hours worked. Once eligible, employees begin accruing ownership automatically.

  • What happens to my ESOP account if I leave the company?

    When you leave or retire, your ESOP shares are paid out with tax stipulations, similar to other retirement savings plans.

  • How is the value of ESOP shares determined?

    Our ESOP shares are valued annually by an independent third-party firm that assesses the Kokolakis’ performance and financial health.

  • What are the tax benefits of an ESOP for employees?

    ESOP balances are tax-deferred, meaning taxes are paid when shares are distributed, not while they are accruing.

More Questions?

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