A recent study by Alex Brill, tax advisor to the Simpson-Bowles deficit reduction commission, touts what Burns & McDonnell has personally experienced over the past 25 years. Brill finds that “S ESOPs have created more jobs than other businesses, significantly expanded the pool of US workers who are saving for retirement, and boosted company productivity.” Further, Brill says “employee commitment leads to increased profitability, which in turn allows companies to grow at a faster rate because they can invest more, hire more workers, and increase output.”
As stockholders, Burns & McDonnell employee-owners see their retirement accounts grow with annual contributions from the company. The ESOP grows as the employee-owner stays with the company, creating a high-impact benefit that rewards loyalty and success. They believe that “when people have a real stake in a company, its potential is limitless.” We could not agree more.
Congratulations to Burns & McDonnell for being named The Best Place To Work in Kansas City by the Kansas City Business Journal!