For the eighth consecutive year, Roeslein & Associates, Inc. was named to St. Louis Business Journal’s Top 150 Privately Held Companies for 2018. This honor is bestowed upon companies in the greater St. Louis Metro Area who have had the largest revenue for the previous fiscal year.
Roeslein & Associates is celebrating National ESOP Month as it nears the end of its fourth year as an employee-owned company. ESOP Month is an opportunity for ESOP companies across the U.S. to educate employee-owners and the public about the many ESOP benefits.
Roeslein’s employee ownership plan began on January 1, 2014 and has just over 300 employee-owners. In the first four years of being an ESOP company, Roeslein has seen a positive effect spread throughout its offices, as well as, a sense of ownership among its employee-owners. This momentum has pushed Roeslein towards many successes that include: record revenues, record profit sharing levels, employee growth within all divisions, and new customer acquisition across all market segments.
Roeslein & Associates announced that it will soon be employee-owned. The Employee Stock Ownership Plan (ESOP) set up by Roeslein will involve the majority owner, Rudi Roeslein, selling a portion of his interest in the company to its employees. The sale will be made via shares of company stock to employees as part of their retirement benefits program. The ESOP will become effective beginning 1 January 2014.