• Headquarters: Placentia • CEO: Caryn Siebert • Web: carlwarren.com • Employees: 180 • Product/Service: Claims management • Best Benefit: Employee Stock Ownership Plan, 401(k) with employer match
An
employee-owned third-party claims and litigation management firm, Carl
Warren & Co. is celebrating its 65th year in business. It’s a
leading claim-service provider to insurers, public agencies and
corporations.
And the best part of all: Employees share in
its success – literally. Profits are returned to employees through an
Employee Stock Option Program (ESOP), so the staff shares value and
performance bonuses.
Employees enjoy open-book management,
health benefits and a 401(k)-match program. Even during this economic
downturn, the company’s share price has increased, and employees were
awarded raises and bonuses.
The company even got a nod
from the ESOP Association’s California and Western States chapter in
2006, when it was named Company of the Year. And this year, the company
ranked as a finalist.
It’s easy to understand why the employee-owners stay an average of 18 years with the company.