Employee Ownership (ESOP)
Pioneer Millworks & New Energy Works
We are a 100% Employee-Owned company.
Pioneer Millworks operates on the triple bottom line—a simple belief that people, planet, and profit work together to ensure a better future. Our coworkers are more than just employees, they’re a critical part of what makes our company successful. Accordingly, we offer our teams flexibility, competitive compensation, and a comprehensive benefits package that includes the largest long-term wealth-building tool an employer can provide—an ESOP (or Employee Stock Ownership Plan). There is no buy-in fee to becoming an ESOP owner here, a coworkers' time working for the company determines eligibility, which means that all coworkers will eventually become employee-owners over time.
Every individual coworker has an ownership mentality because we are 100% Employee-Owned through our ESOP. Being Employee-Owned also means all coworkers have a directly vested interest in the profitability of the company, the cultural values we represent, and the quality work we do.
What is an ESOP?
An ESOP (Employee Stock Ownership Plan) is an employee benefit plan that enables coworkers as a group to own interest in part, or all, of a business in the form of shares of stock. An ESOP is a tax-advantaged retirement plan (a defined contribution plan, the same family of plans as a 401(k)) that holds its assets (shares of stock) in a Trust, in accounts earmarked for Plan Participants (employees). Plan Participants gain shares at no cost to them, but do not directly own the shares. Shares are distributed and valued annually, allowing for long-term wealth growth in direct relation to employee retention.
Pioneer Millworks ESOP Board of Directors:
New Energy Works & Pioneer Millworks ESOP Board Structure:
Internal Board Members:
Jonathan Orpin — CEO/Founder & Chair of the Board
Eric Fraser — New Energy Works General Manager
Jonathan Taylor — Pioneer Millworks General Manager
Independent Board Members:
Jason Blenker – Wysocki Family of Companies
David Privitera – Focus Forward Advisory, LLC
Ron Scheese – FM Brown & Sons, Inc
Pioneer Millworks ESOP Communications Committee:
Our ESOP Communications Committee, or ECC as it is known internally, is made up of nominated internal coworkers who serve a 3 year term. These ECC members come from a variety of departments, tenures, and demographics. They bring their collective skill sets to not only educate new coworkers about our ESOP and how it works, but continually bring ESOP into everyday business decisions. They also lead subcommittees that reinforce our ESOP and triple bottom line (people, planet, and prosperity) ethos such as business improvement & feedback, donations, community & culture, and planet.