Seretta Construction _________________________________________________________________________________________
“ On July 1, 2024, the McPhersons made the decision to transition Seretta from a family-owned company to an employeeowned company. That date marked the beginning of an exciting journey, revealing new opportunities and roles within the company. Despite this transition, Seretta continued to deliver the same exceptional quality and customer service that its clients are used to.
“ The transition to an Employee Stock Ownership Plan( ESOP) has been a learning process, as its regulations are similar to a profit-sharing 401K plan. Nevertheless, our team is excited about the possibilities it offers. Each employee now has a stake in the company, with ownership shares reflected by their tenure and responsibilities. This shift is significant because it boosts employee motivation and it strengthens the ability of Seretta employees to manage and grow the company, all while honoring the McPhersons’ commitment to the people who have helped build Seretta. As we pay off the initial purchase debt of starting the ESOP and continue to grow, the value of each employee’ s share will continue to rise. This creates immense opportunities, especially for our employees who are early in their careers, who can look forward to securing a comfortable retirement by staying with Seretta long-term. Although the McPhersons probably could have made
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