Strong Leadership - Great Culture - Would Recommend - Individual Contributor Ulteig Employee Review

Thank you for taking the time to write such a thorough review regarding your experiences at Ulteig. I believe your comments well represent what it's like to work at Ulteig. Your point about Ulteig's 401(k) match is accurate. Readers should, however, understand the broader context of retirement benefits at Ulteig. Ulteig is 100% employee owned through an Employee Stock Ownership Plan or ESOP. This essentially serves as the most significant element of retirement benefits for our U.S. employees. Collectively, the annual ESOP contribution made by the company to eligible employees, plus the 401(k) match are much more significant than most other organizations' 401(k) plan matches. The ESOP contribution is not a bonus plan as the writer has indicated. And, unless the departing employee's account balance is very small when they leave, the former employee can stay in the plan. There is no requirement in the plan to automatically sell all stock related to the former employee's account when they leave the company. Please contact Ulteig's Director of Treasury if you have additional questions regarding your ESOP account.