ESOP
Employee Ownership That Invests in Your Future
At ReCon Managment Services, Inc, you’re more than an employee. You’re an owner.
Our Employee Stock Ownership Plan (ESOP) is a company-funded retirement benefit that allows eligible employees to build long-term wealth through ownership in ReCon Management Services, Inc. Unlike many retirement plans, you do not contribute your own money. The company makes contributions on your behalf, giving you the opportunity to share in the success you help create every day.
What is an ESOP?
An Employee Stock Ownership Plan (ESOP) is a qualified retirement plan that provides employees with beneficial ownership in the company through shares of ReCon stock held in an ESOP Trust.
The ESOP was established to:
Preserve the culture and values that have made ReCon successful.
Reward employees for their commitment and contributions.
Help employees build retirement wealth.
Create a long-term ownership transition that benefits both the company and its employees.
How Does It Work?
Eligible employees become participants in the ESOP after meeting the plan’s eligibility requirements. Each year, ReCon makes contributions to the ESOP, and shares are allocated to eligible employees based on IRS-defined covered compensation.
As the company grows and performs well, the value of the stock may increase, helping employee accounts grow over time.
Your ESOP account can grow through:
Annual company contributions.
Growth in ReCon's stock value.
Company profitability and financial performance.
Reallocated shares and other plan contributions as provided under the plan.
The Power of Employee Ownership
You Don’t Buy the Stock
One of the greatest advantages of an ESOP is that employees do not purchase company stock with their own money.
Instead, the ESOP Trust holds company stock on behalf of participating employees. As shares are released into the plan, they are allocated to eligible employee accounts over time.
Thinking Like an Owner
Employee ownership means every decision matters.
Providing outstanding customer service, improving productivity, reducing waste, working safely, controlling costs, and delivering quality work all contribute to the company’s success. As company performance improves, the value of the ESOP has the potential to grow, creating additional retirement value for employee owners.
When we all work together toward the same goals, everyone shares in the success.
Building Wealth for Retirement
The ESOP is designed as a long-term retirement benefit. Employees become vested over time, and vested account balances are distributed according to the terms of the plan when employment ends, retirement begins, or other qualifying events occur.
The longer you invest your career in ReCon, the greater the opportunity to build retirement wealth through employee ownership.
An Employee-Owned Company
Employee ownership is one of the things that makes ReCon unique.
Our ESOP reflects our commitment to investing in our people, preserving our culture, and creating long-term value for the employees who help build our success every day.
2026 ESOP Advisory Board
Nathan Anderson
Bruce Laborde
Brad Scoggins
Kelly Gaspard
Rayann Benoit
Nic Sheppard
Ben Williams
Philip Bellard
Kristy Cogbill
Steven DeHart
Todd Guillory
Garland Gothreaux
Sean Newell
Marla Blanchette