<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2Lj9Si_1GoTJxuf00" alt="https://img.particlenews.com/image.php?url=2Lj9Si_1GoTJxuf00" width="785" height="400" ></figure>Baldwin &amp; Shell Construction Co. announced Thursday (Nov. 5) that it has become 100% employee-owned through the establishment of an employee stock ownership plan (ESOP), giving eligible employees a direct stake in the company’s future.The ownership move is occurring during the company’s 80th anniversary.The transition expands ownership from 39 shareholders to a 100% employee-owned company that will benefit eligible employees. The decision followed a review of Baldwin &amp; Shell’s long-term succession needs and builds on a culture that has long valued the contributions of its people.“Having 39 shareholders showed us the value of an ownership culture, and we wanted to extend that opportunity to the employees who make Baldwin &amp; Shell successful every day,” said Bobby Gosser, CEO of Baldwin &amp; Shell. “Our goal is to strengthen that culture and provide a meaningful, tangible reward to the people who have made this company a place to build a career.”An ESOP is a retirement plan that holds company shares in a trust for the benefit of eligible employees.Like a 401(k), it is designed to help employees build retirement savings. Unlike a typical 401(k), employees do not purchase the shares allocated to their ESOP accounts. Benefits are distributed according to the terms of the plan, generally after an employee retires or leaves the company.Baldwin &amp; Shell’s current leadership team will remain in place, and day-to-day operations will continue as usual.“As I reflect on my 40 years with the company, I believe my mentor, the late Bob Shell, would be pleased with the direction we’re taking,” Gosser said. “Even as Baldwin &amp; Shell grew into a large company, Bob made it feel like a family. Becoming 100% employee-owned will help us carry that culture forward as we continue to grow.”Baldwin &amp; Shell is consistently ranked among Arkansas’ largest construction companies, serving customers across a range of markets, including churches, commercial, higher education, industrial, K–12 education, medical, municipal and retail.In addition to its Little Rock headquarters, Baldwin &amp; Shell also has office locations in Springdale, Jonesboro, and Memphis.</div></body>

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Baldwin & Shell Construction Co. announced Thursday (Nov. 5) that it has become 100% employee-owned through the establishment of an employee stock ownership plan (ESOP), giving eligible employees a direct stake in the company’s future. The ownership move is occurring during the company’s 80th anniversary. The transition expands...

Baldwin & Shell Construction now 100% employee-owned

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Baldwin & Shell Construction Co. announced Thursday (Nov. 5) that it has become 100% employee-owned through the establishment of an employee stock ownershi

Baldwin & Shell Construction now 100% employee-owned

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