Our Entire Team Benefits From AlliedCook’s Success
In 2020, AlliedCook transitioned from a family-owned company to an employee-owned company. Under the Employee Stock Ownership Plan (ESOP), employees are directly rewarded for their involvement in the company’s success. The move to ESOP was a natural transition for AlliedCook, as it builds on the company’s existing values and culture of teamwork and a comprehensive standard of excellence.
In becoming an ESOP company, AlliedCook joins thousands of other companies in the United States. According to the National Center for Employee Ownership, nearly 7,000 companies encompassing 16 million participants use the ESOP model.
ESOP companies have been shown to grow faster once they make the transition to the new ownership model, and AlliedCook’s transition reflects the company’s status as a robust, growing business.
The AlliedCook ESOP provides an opportunity for general financial benefit as well as increased retirement savings for employees. The ESOP plan is in addition to the 401K plan already offered to employees by AlliedCook.
In becoming an ESOP company, AlliedCook’s leadership team did not change. Matt and Dan Cook remain at the helm, still heavily involved in the day-to-day work of the company.
If you’d like to join our team, please visit the Careers page of our website to learn about available opportunities and the application process.
