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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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Title Annotation:Business Briefs
Publication:Arkansas Business
Geographic Code:1USA
Date:Feb 13, 2006
Words:81
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