Nerac is a privately held organization. In-line with that we are not beholden to the influences that are often associated with publicly owned companies including the many ups and downs of the stock market.

In 1999 Nerac implemented an Employee Stock Ownership Plan (ESOP) which created a trust in which employees share. As employee-owners, your productivity immediately impacts Nerac’s profitability. In fact, we are all entrepreneurs; essentially buying and owning slices of the company while directly contributing to its success.

About ESOP’s
Employee-owned corporations are corporations owned in whole or in part by their employees. Employees are usually given a share of the corporation after a certain length of employment or they can buy shares at any time. A corporation owned entirely by its employees (a worker cooperative) will not, therefore, have its shares sold on public stock markets. Employee-owned corporations often adopt profit sharing where the profits of the corporation are shared with the employees. These types of corporations also often have boards of directors elected directly by the employees. In the USA, employee-owned corporations are often created through Employee Stock Ownership Plans (ESOPs). Definition provided by Wikipedia.org

Advantages

• Encourages and Rewards Increased Employee Productivity
• Ownership without Investing Your Own Money
• Sharing in the Rewards as a Team
• Valuable Retirement Assets; Income that Supplements Social Security and 401(k)
• Flexibility to diversify investments
• Dollars available to finance Nerac’s growth