ESOP
Today and tomorrow, we are the owners of Challenge.
Empowering Success
Ownership That Matters
At Challenge, our Employee Stock Ownership Plan (ESOP) highlights how important our employees are to our company. Established in 1997, our ESOP embodies our belief that employees deserve a stake in our future success. We take pride in the fact that our ESOP members exhibit higher job tenure, engage in leadership roles, and retirement savings. At Challenge, being an ESOP member means more than just being an employee – it means taking ownership of your future.
No Cost
Contributions are free retirement benefits to all participants
2,400
Employee-Owners
27
Years Of Employee Ownership
Building Futures
Securing Ownership
An Employee Stock Ownership Plan (ESOP) is a unique retirement benefit that gives team members company stock as part of their compensation. This stock, held in a trust, increases in value as our company achieves its goals. When employees retire or move on from the company, their vested shares stay with them and can be used for their future. This program not only recognizes the hard work of our employees but also encourages a culture of shared ownership and teamwork.
ESOP
Benefits
Through the ESOP, our employees foster a sense of pride, dedication, and shared responsibility. By participating in the ESOP, our team members not only have the opportunity to build wealth for their future but also to actively contribute to the growth and prosperity of our company. As employee-owners, they are empowered to make decisions, participate in leadership roles, and have a direct impact on our collective success. Additionally, the ESOP serves as a valuable retirement benefit, ensuring that our employees are financially secure as they plan for the future. At Challenge, we believe that when our employees thrive, our company thrives.
