Concord Through the Years
This Arizona city become Concord's second office location in 1992.
What is Tucson?
This party funds 100% of employees’ participation in Concord’s ESOP.
What is Concord/the company?
This term means the nonforfeitable portion of your account.
What is vesting?
This event creates current participant tax under the summary: allocation or taxable distribution.
What is a taxable distribution?
This city welcomed Concord’s newest office in October 2025.
What is Lake Havasu City?
These brothers founded Concord in 1972.
Who are Jim and Gary Jackson?
This calendar date is the annual share allocation date.
What is December 31?
The number of hours for another vesting service year.
What is 1,000 hours?
This direct transfer of an eligible pre-tax cash benefit to a traditional IRA generally preserves tax deferral.
What is a direct rollover?
This was Concord’s average total retirement benefit level as a percentage of compensation in 2025.
What is 46.1%?
This 2018 event created the retirement plan that preceded the first ESOP stock purchase.
What is the establishment of Concord's ESOP?
This governing body determines the discretionary ESOP contribution.
What is the Board of Directors?
This statement row includes unvested shares from former participants.
What are forfeitures?
This usual withholding rate applies to a taxable eligible cash rollover distribution paid to a U.S. participant.
What is 20%?
Revenue reached this approximate record amount while growing by this percentage over 2024.
What are $123.0 million and 3.2%?
These three individuals bought Concord in 2006 as its second generation of owners.
Who are John Nyman, Dale Marr, and Eric Peterson?
This ratio determines each employee’s portion of the contribution allocation.
What is the employee’s annual covered compensation divided by total covered employee compensation?
A hypothetical $75,000 account at 40% vesting has this vested amount.
What is $30,000?
Without an exception, this additional tax rate may apply to a taxable distribution not rolled over before this age.
What are 10% and age 59½?
The stock price rose by 48.9%, but adjusted EBITDA moved in this direction from $6.372 million to $4.378 million.
What is down/decreased?
These three stakeholder experience programs launched in 2013 following the first strategic plan.
What are Ultimate Subcontractor Experience, Ultimate Client Experience, and Ultimate Employee Experience?
A $200,000 annual contribution and $80,000 of employee compensation out of $4 million eligible compensation for the total company produces this allocation.
What is $4,000?
The lifetime income illustration uses this retirement age and excludes these two future sources of account growth.
What are age 67, future allocations, and future share appreciation?
A participant receives $8,000 after $2,000 withholding on a $10,000 eligible cash distribution. This is the percentage that went to federal taxes.
What is 20%?
The 2025 total benefit level includes 31.8% appreciation, 11.5% contributions, 1.7% forfeitures, and this final component.
What is 1.1% employer 401(k) contributions?