Cripe is 100% Employee-Owned and Invested.
Cripe is 100% employee-owned and invested, meaning you work directly with an owner when working with someone from our team. Our status as an Employee Stock Ownership Program (ESOP) demonstrates our commitment to our employees and the personal impact we aim to make in their lives. Employee-owned companies fundamentally change the worker-workplace relationship, with ESOPs rewarding skill, knowledge, and leadership at every level from the c-suite to the entry-level worker. As an established ESOP company, Cripe is committed to growth and maintaining our stance as a leading force in the professional services industry. We continue to forge a path where empowerment, ownership, and shared success drive our team to reach new heights and create a legacy our founder can be proud of.
The Start of it All
Paul I. Cripe taught us what it meant to be a true servant leader, instilling in our firm the idea of “If it’s to be, it’s up to me.” Though it had been partly employee-owned for years prior, Cripe officially became 100% employee-owned in 2023. This transition embodied the values of Paul I. Cripe, reinforcing the shared responsibility mindset reflected in his mantra and empowering every employee to lead with purpose as true stakeholders in the firm’s future.
Empowering Our Leaders
An ESOP motivates employees and rewards their hard work and dedication toward the company’s success. At Cripe, employees become fully vested in their share value once they qualify and complete six years of participation. Employees are motivated to deliver exceptional work, enhancing their benefits and those of their colleagues while creating opportunities for personal growth and advancement within the firm.
Discover how our ESOP empowers team members with a collaborative culture and financial security.
Ownership Culture
ESOPs give employees a stake in the company’s success, fostering accountability and motivation, which enhances Cripe’s overall performance.
Retirement Savings
Contributions to ESOPs are tax-deductible, providing companies with valuable tax savings that can be reinvested in business growth.
Succession Planning
ESOPs facilitate smooth ownership transitions, ensuring Cripe’s stability and preserving its legacy during leadership changes.
Tax Advantages
Employee-owned shares in an ESOP grow tax-deferred, allowing employees to accumulate value over time without immediate tax burdens.
Employee Retention
Ownership opportunities incentivize employees to stay longer, offering stability and reducing turnover.
Increased Engagement
Employees are more engaged and motivated when their efforts contribute directly to the company’s success and their personal financial growth.
Financial Literacy
Participation in an ESOP helps employees gain a better understanding of business performance and personal financial planning.
Career Growth Opportunities
Employee ownership fosters a long-term commitment, encouraging personal and professional development within Cripe.
Community Impact
Employees benefit from working for a company that prioritizes long-term stability and local impact, reinforcing shared values and purpose.
Attracting Talent
Employee ownership is a valuable recruitment tool, helping Cripe stand out in a competitive job market.