Stewart’s is a privately held company; 1/3 is owned by our employees which is crucial to our growth and profitability. The Dake family believes in sharing ownership with the people who have helped build our business and feel that their 2/3 ownership is worth more today because of it. Being privately held allows us to make our own rational, long-term decisions. Stewart’s employees enjoy a high level of involvement with long-term security.
Stewart’s employees own 1/3 of the company through Employee Stock Ownership Plan (ESOP), known as “Profit Sharing.” That’s why our employees are called “Partners.” Unlike a 401K, the plan is 100% company paid. You’re automatically enrolled if you are at least 19 years old and after working 500 hours a quarter or 1,000 hours a year, whichever occurs first. Employees will be partially vested in their balance until they reach 100% in six plan years. The balance should equal about a year’s pay after six years in the plan.