Thanks to Wayne Simmonds’ vision and care for FBG, we became a 100% employee-owned company in 2006. But not everyone understands what that really means, and we think it’s high time we all learn more about it, talk more about it and really understand the benefit of working for an employee-owned company. Let’s start with a little history: In 1966, […]
Hello dear friends – I want to sincerely thank everyone who sent thoughts, prayers, messages and gifts to my family during this difficult time. Our FBG family still grieves but are ever appreciative of the inspiration and purpose my father and our founder, Wayne Simmonds, provided. I’m so grateful that he believed in us enough to carry the company forward […]
We recently attended the 2019 Winter Iowa/Nebraska Employee Ownership Conference and learned a great deal more about the value of employee ownership. In addition to having a major impact on the U.S. economy, ESOPs drive better performance since our employees have a stake in the game. Congress designed ESOPs in the 1970s to encourage owners of private companies to transfer […]
The ESOP Association has designated October as Employee Stock Ownership Plan month. As one of the nation’s top employee-owned companies, FBG Service Corporation recognizes the value of employee stock ownership in creating a competitive advantage. Studies such as this one reported by Forbes have shown “[…]employees acting like owners bring ever-increasing value to the workplace, and managers learn to ask […]
In October of 1993, FBG formally announced its Employee Stock Ownership Plan, an IRS-approved retirement plan intended to provide retirement, death and disability benefits to participating employees. The first ESOP certificates were shared in April 1994, solidifying founder Wayne Simmonds’ long-time vision for the company and officially establishing FBG as one of the Top 100 Employee Owned companies in America. Here […]