Baldor Electric Co.
Baldor Electric Co. contributed $8.9 million to its employee
profit-sharing and savings plan in 2005. The company has been sharing
its profits with its employees since 1957. Last year it contributed 12
percent of its pretax profits to the plan. In the past five years, the
company has contributed $31.6 million to the plan. There are 2,927
employees in the profit-sharing plan this year. The average contribution
for 2005 was $3,054, up 31 percent from last year.
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