iGov is proud to offer the ultimate employee benefit: Company Ownership. When you join our team, you share company ownership with all of the other employee owners of iGov through our Employee Stock Ownership Plan (ESOP).
iGov is one of only 7,000 employee-owned companies in the United States.
Employee ownership is a unique opportunity and one most Americans never get the chance to experience. We want people on our team who want to take advantage of this opportunity.
What is the ESOP?
iGov’s ESOP is an additional company retirement benefit apart from our 401(k). Employees earn ESOP stock ownership through their daily efforts that enable the company to succeed.
iGov’s ESOP program is provided at no out-of-pocket cost to employees.
Unlike with a 401(k) plan, employees do not (and cannot) contribute their own money to the ESOP program. Shares of iGov stock are allocated to employees’ ESOP accounts on an annual basis. The longer employees stay with our company, the more shares they can earn.
How do I join the plan?
Because of the value of ownership, there is a one-year waiting period before new employees join the ESOP program. Once employees are in the plan, their ESOP accounts begin accumulating shares of iGov stock.
Our employee owners want to work with team members who are passionate about iGov. People who are committed to our company’s success become beneficial owners of it. At iGov, the benefits of hard work and dedication return to employees, not to outside third-party owners. That’s why we want committed, dedicated, and enthusiastic people on our team!