WinCo Foods is proud to be employee owned.
We believe our employees should share in the success of our company in a tangible way. That’s why we created an Employee Stock Ownership Plan (“ESOP”) more than 25 years ago. Participating in the ESOP program means employees are part owners of the company and benefit financially from a job well done. In this way, there is direct incentive for employees to work hard and take pride in what they do; that is why our stores are cleaner, our prices lower and our smiles are bigger. Additionally, being employee owned means WinCo Foods is owned by members of the local community.
How our program works:
Each employee owner becomes a participant in this program after:
1. Working at least 500 hours in the first 6 months of employment
2. Reaching 19 years of age
3. Accumulating 1000 hours a year
WinCo’s ESOP never involves contributions from the employees; all contributions are entirely made by the company.
Our ESOP’s Solid Financial Performance:
Unlike a publicly traded stock valued on the open market, the per share value of WinCo’s stock is appraised annually by an independent valuation firm selected by the ESOP trustee. ESOP stock values have averaged increases of 20% compounded annually since 1985. That means an employee who received a company contribution of $5,000 worth of stock in 1985 now has stock worth almost $480,000 from that one year alone!
At WinCo Foods, being an employee owner means having a stable present while building your future. Our employees enjoy industry competitive wages and the long term investment that comes from company ownership.