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Latest news and updates from Associated Building Supply Inc. 


 

2023 - ABSI Forms an Employee Stock Ownership Plan (ESOP)

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Associated Building Supply Inc. forms an Employee Stock Ownership Plan (ESOP) fourth quarter 2023! After 30 Years of business success and industry leading growth, founded in 1993, CEO and owner Christopher Cole, with the assistance of executive  staff establishes an ESOP!

Cole says; "An employee stock ownership plan (ESOP) is an employee benefit plan that gives employees ownership interest in the company in the form of shares of stock. We are excited knowing our employees now have ownership in the company as they have  contributed whole heartedly and are an integral part of our success. It feels nice to give back."

When it comes to retirement plans offered by an employer, your first thought probably goes to 401(k)s. But if you happen to work for the right company, like ABSi, you may also be able to build your nest egg through an employee stock ownership plan (ESOP). In our particular case, which is very rare, ABSi offers eligible employees both a 401K plan and ESOP.

What makes ESOPs particularly attractive to employees is that you don’t have to contribute to the plan as you would with a 401(k) or IRA. Instead, the employer funds it. There’s no financial commitment from employees and nothing really for an employee to think about.

2023 - Construction Today recognizes ABSi - "FAIR's, FAIR"

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ABSi's quality Window & Door product solutions and long standing Fairness Doctrine receive National & International recognition! What unites the content of Construction Today is a focus on business excellence – reporting the stories that demonstrate the achievements and success of the North American construction sector. Construction today frontConstruction Today is a vital resource for anyone looking to stay up-to-date on the issues facing companies involved in the built environment. Covering areas as diverse as major infrastructure projects, wind farms, rail construction, custom home building, and multi-family. Construction Today touches on all the associated disciplines that are essential for these ventures to be constructed on time and on budget. These features are accompanied by company profiles that shine a spotlight on the specific capabilities, services and successes of individual businesses.

Read Full Article Volume 20, Issue 3, May  2023 page 126cf image 3

2023 - ABSi Awarded Best of Houzz Service

  ABSi is awarded Best of Houzz Service in 2022

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Winning a Best of Houzz Service award is a extraordinary accompABS Triad Logolishment considering Houzz's strict criteria. ABSi is extremely proud of the back-to-back 2021 and 2021 Houzz Service Awards. Having the award badge appear on your professional Houzz profile and business website shows potential clients that your business has been recognized by the Houzz community of more than 65 million homeowners and home design enthusiasts for the quality of your work or customer service. The Best of Houzz Service awards recognize pros who provide great service to their customers. They're based on several factors, including a pro's overall rating on Houzz and client reviews submitted during the award-period year.

 

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