We’re taking on the corporate matrix.
We’ll be honest, not everyone has what it takes to be a N.E.O. Sure, you have strong credentials, a good paying job, a top clearance, and you’ll never be out of work. You’re in demand. But deep inside, you know there is something more out there for you. You perform a vital function, but to the big corporation you’re simply a minion serving them. You’re in the corporate matrix. So what does it take to be a N.E.O.? It takes listening to and acting upon that instinct that tells you there’s something more fulfilling outside the corporate matrix. Something worth the risk of breaking free.
Being a N.E.O. -- Newberry Employee Owner
We’re not a new to the game. We’ve been around since 1996 doing IT work for the government and commercial clients. But in 2008, the founders wanted to retire and in order to share the prosperity with the employees they formed an ESOP.
The acronym ESOP is short for “Employee Stock Ownership Plan” or “Employee Stock Ownership Program.” The IRS recognizes an ESOP as a legal “qualified plan”, or, a “defined contribution employee benefit plan”. It is part of the Newberry total retirement package, in addition to our 401K.
How Does an ESOP Work?
In simplest terms, the founders sold the company to the Newberry ESOP Trust. The ESOP Trust took a loan to finance the purchase using the company stock as collateral. The company pays down the loan every month allowing shares to be released from collateral status. Annually, the released shares are deposited into employee accounts based on a prescribed formula applied to all employees equally. Share value is determined by an annual independent valuation. In essence, Newberry is purchasing the company for its employees - - all our employees are owners. While results can never be guaranteed, as the company grows and its value increases, you benefit directly through the ESOP component of your Newberry retirement plan. You contribute nothing but your effort, creativity and shared stewardship of our company to participate in the ESOP. It’s called “Shared Capitalism”… and it’s what being a N.E.O. is all about!!
Still have questions? Contact us.
Are you the next N.E.O. to break free?
Contact Us
We know it’s a tough decision and you’ll have lots of questions. So we’d be happy just to talk to you about it. No commitment. Just talk. But you have to come to us.
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We're looking for: IT Security Engineers, White Hats, Cyber Investigators, Fully Cleared IT Personnel, and more.
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