We Just Became An ESOP….But What Does That Mean?


Author: Amy Kappen –

We want you to join our team. Not only is it a special place to work, Melink became an Employee Stock Ownership Plan (ESOP) in 2018 and here’s what that means to you as an employee of Melink.

Melink is unique. An ESOP is a rare and valuable benefit. Melink offers this unusual opportunity for employee wealth building.

Another unique feature at Melink is that it is provided to employees with no out-of-pocket cost.  And is a qualified defined contribution retirement plan that is invested primarily in the common stock of the sponsoring company. Unlike a 401k plan, which requires an employee to contribute his or her own money, there’s no cost to employees.

Melink’s ESOP directly correlates to our company culture.  We act like a start up every day and our ESOP helps us to further build our ownership culture that rewards people both monetarily and intrinsically.  Employees are part of something bigger at Melink, because everyone is working to build his or her (and everyone else’s) successful future.  Increased company performance typically leads to a higher share price and therefore a higher balance in employee ESOP accounts. Simply put, when the company does better so will our employees. The ESOP plan provides a return on their sweat equity.

At Melink, we value our employees’ ideas, opinions and inputs to successfully serve our customers and growing the business.  Melink is building and sustaining an environment that fosters an ownership culture.

Authored By: Amy Kappen

Amy Kappen joined Melink Corporation in 2016 as the Chief Financial Officer. She has a Bachelor of Science in Business Administration with a specialization in Accounting from the University of Hartford, and an Executive Masters in Business Administration from Xavier University. Prior to her career at Melink, Amy worked her way through various accounting roles such as public accounting at KPMG & PwC, Corporate Assistant Controller, Wireless Division Controller, and Product Management at Cincinnati Bell, and Chief Financial Officer at LasikPlus.