Employee Retirement Plan

ESOP Retirement Plan

Scotty’s employee-owners receive annual stock contributions based on the value of Houchens Industries, with zero monetary contributions required. Houchens ESOP consists of more than 40 other companies from a variety of industries. This diversity adds to the stability of overall share value and employee retirement plan.

Employer Contributions & Reallocations of Forfeitures

2017
2018
2019
2020
2021
2022
*Approximate figures

Employee Success Path

Ownership Eligibility

ESOP membership can begin early on in the careers of most Scotty's employees, beginning the process of accumulating for retirement. Once enrolled in the Houchens Industries ESOP, an employee joins more than 18,000 members from more than 40 other diverse companies whose earnings all contribute to financial security for the group.

Being part of a diverse group helps ensure your retirement remains stable year after year because they don’t depend on the success or failure of any single company. You can begin your career at Scotty’s Contracting & Stone with the knowledge that your financial future is secure.

Security in Retirement

A career with Scotty’s can provide the financial security needed for a long, healthy, and secure retirement. Since the start of the Houchens ESOP in 1988, more than $1.95 billion has been paid in cumulative benefits to members of Houchens Industries, including Scotty’s employees.

This level of financial security is a tremendous benefit and one which Scotty’s believes is deserved by all men and women who contribute to our company’s success. The benefits of long-term ESOP participation, offers participants peace of mind, knowing a financially secure retirement is obtainable.

ESOP Advantages

Value of Employee-Ownership

Employee ownership goes beyond retirement, adding value to the overall culture and performance of a company. Scotty’s success—past, present, and future—is founded on a model of empowerment throughout every level of our organization.

Investment
Security
Longevity

Meaningful Investment in Scotty’s Future

As part owners of Scotty’s Contracting & Stone, our 600-plus employees have a vested interest in continuing the success of our company. Their livelihoods and future financial stability are more directly tied to company performance than traditional organizations in which retirement savings are fixed.

We believe this to be a fundamental benefit of using the ESOP model. By empowering employees to take meaningful ownership of their futures, Scotty’s has created a culture of taking pride in our work, holding ourselves accountable, and striving to be the best at what we do.

Security

Employee-ownership gives Scotty’s team members a level of future security that cannot be matched by traditional employee models. Year in and year out, the Houchens Group ESOP is contributing to the retirement of its employee-owners, without any contribution required from them.

This security reduces stress and allows individuals to spend less of their own earnings saving for the future. They’re freed to focus on doing the best job they can and enjoying the present with their loved ones and family members.

Longevity

The ESOP provides a powerful incentive for employees to remain with a company for the duration of their careers. At Scotty’s a large majority of our people have been part of our family for more than 10 years, and many have more than 20 years of service.

The benefit of this model is that knowledge and expertise stay within our operations and are passed from one generation of employee to another. As a young employee starting your career, you have access to some of the most experienced mentors found anywhere in our industry.

Testimonials

“The ESOP has given me great financial stability for retirement by not having to depend solely on Social Security. I am forever grateful to Scotty’s for allowing me to have been a part of a great company and retirement program.”
— Debbie Potter
“The ESOP has been a good benefit for a lot of people that would probably have no retirement other than their social security. To me that is a gift within itself, for hard work and for being loyal to your job.”
— David Swords
“I started out here as a 19-year-old kid. I’m thankful that I have a job that allows me to provide for my family and gives peace of mind knowing that when I reach retirement we are well taken care of.”
— Charlie Deweese

Careers

Grow Your Career While Securing Your Future

More than 700 industry professionals have found their home at Scotty’s and are building the lives they want for themselves and their families. Together, they’re helping improve Kentucky by building roads, interstates and commercial sites that enable our local communities to thrive.

As Scotty’s employees, they’re also members of the Houchens employee stock ownership plan (ESOP) that ensures a secure retirement for every one of our dedicated employees, so they never have to worry about their futures.

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Family taking picture