the esop builder

we are employee owners.

Spring Edition

April 2025

Welcome

Welcome to the Spring 2025 edition of The ESOP Builder — an internal publication for employees of JE Dunn. Our goal remains to keep everyone informed about our Employee Stock Ownership Plan and how the program directly impacts you as an employee owner at JE Dunn.

This edition of The ESOP Builder serves as a tribute to our outgoing CFO, Beth Soukup. Inside, you can find a feature article about Beth’s career and her impact on the ESOP, as well as a spotlight on Mission Critical’s large impact on last year’s historic share price return. A complete set of all ESOP information can be found on Connect. If you have ESOP questions that you cannot find answers to, please direct them to Anne Wright.

We are always looking for suggestions for The ESOP Builder content and ways to improve this publication. Please send feedback and ideas to Ben Hobbs.

From the CFO

By Beth Soukup

In April, employee owners should have received their 2024 ESOP participant statements. Statements are also available on the Principal website.

JE Dunn Construction Group, Inc. stock was valued at $107.25 per share as of Dec. 31, 2024, an increase of $32.85 over the stock value of $74.40 as of Dec. 31, 2023. Dividends paid for the year ending December 31, 2024, were $4.32 per share for a total return of 49.96% for JE Dunn shares.

The JE Dunn Construction Group, Inc. Board of Directors also approved the following contributions to the JE Dunn Employee Stock Ownership Plan and Trust (ESOP) for 2024:

A profit-sharing contribution to the ESOP equal to 8% of a participant’s covered compensation for 2024 (2023 profit-sharing contribution percentage was 7%)

A matching contribution to the ESOP equal to 50% of a participant’s elective contributions up to 3% of the participant’s covered compensation for 2024

The ESOP Trust currently owns 27.95% of JE Dunn Construction Group, Inc. stock.

As discussed in the All-Company meeting on April 23, we are currently forecasting 2025 construction revenue of approximately $8.2 billion, compared to 2024 construction revenue of $7.4B. Earnings before taxes as a percentage of construction revenue is currently forecasted at 3.01% for 2025. Final 2024 earnings before taxes as a percentage of construction revenue was 3.26%.

The following chart recaps our share price and annual return over the last seven years:

ESOP Calendar

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January

New Stock Price Announcement

New stock price is shared with all employees.

April

Statements Mailed to Participants

New employee-owners are recognized and accounts are created with Principal. Vested participant balances are updated with Fidelity.

May

Diversification

Employees over age 55 with more than 10 years of service are able to diversify a portion of their ESOP balance, should they choose.

October

ESOP Month

Celebrate our ESOP with ESOP breakfasts, lunch and learns, and more.

December

Valuation

JE Dunn stock is valued once a year by an independent valuation firm.

how do you act like an owner?

“Continue to follow our guiding principles. The one that’s most close to my heart is probably ‘Doing the Right Thing.’ If we keep living that out, this company will continue to succeed.”

Beth Soukup

Chief Financial Officer

Kansas City

Employee Ownership

Mission Critical Drives Record Year for JE Dunn ESOP

Employee Exemplification

More Than Just Money: CFO Beth Soukup Leaves Legacy at JE Dunn

Frequently Asked Questions

I am a new hire and don’t know how to access my ESOP account online. How do I view my account details?

JE Dunn creates the ESOP accounts on behalf of employees at Principal Financial. You do not need to complete a formal enrollment into the ESOP plan. JE Dunn’s stock is valued annually on Dec. 31, then during the first quarter each year JE Dunn’s accounting team works to finalize the distribution of stock (ESOP) to all employee accounts. Annual statements are mailed to employee homes and available online in mid-April, at which time you can view your account details online and name your beneficiary. If you were hired or began contributing to the Dunn 401(k) Retirement Plan in 2024, then you will be able to view your account in mid-April of 2025. If you were either hired or began contributing to the Dunn 401(k) Retirement Plan in 2025 then you must wait until JE Dunn’s 2025 stock price is first determined (end of 2025 year), and then you will access your account details in mid-April of 2026. It’s important to note that as soon as you begin participating in the Dunn 401(k) Retirement Plan, you start earning JE Dunn stock (ESOP). Your matching allocation from JE Dunn on the 401(k) plan accrues and will be used to purchase shares of stock for you and is allocated to your account with the above-mentioned timeline.

How do I know if I am putting the full value into my 401(k) to receive the max match? Is it pretax or Roth that needs to be a certain percentage? Is the match calculated on each paycheck, a monthly amount, or a total year end amount? For example, do I need to put 6% toward pre-tax 401k every paycheck or could it be 3% for a few months and 9% for a few months to receive the same total?

It can be pretax or Roth, or a combination of the two. The match is calculated on a year-end amount. In the example above, it could be a combination of different amounts that would get you to the same total.

What questions do you have about je dunn's esop?

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Did You Know? Fast Facts

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#1

91% of ESOP workers feel they can live comfortably in retirement compared to only 49% of non-ESOP retirees.

#2

Employees at ESOP companies tend to earn higher wages and have greater savings than their peers in non-ESOP companies.

#3

There are over 6,500 ESOP companies in the United States, covering around 14.9 million participants.