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B E S T P L A C E S TO W O R K 2 0 2 3 23 MEDIUM EMPLOYER (50 - 249 U.S. EMPLOYEES) MEDIUM EMPLOYER (50 - 249 U.S. EMPLOYEES) Moody's Coworker Owned Inc. Double-digit growth and Crash Up Chronicles M oody's, a cutting-edge collision repair company, boasts a total of 14 locations and 240 cowork- er-owners spread across Maine. The company's ESOP journey commenced in 2003, and by 2023, coworkers collectively own a majority stake of 54%. Over the years, Moody's has maintained an im- pressive average y e a r- o v e r- y e a r gr ow th rat e o f 16%. One hallmark of Moody's culture is its commitment to transparency. The company practices open book manage- ment, sharing key performance indi- cators with coworkers on a quarterly basis and distributing 10% of after-tax profi ts among them. This environment encourages coworker-owners to collab- oratively brainstorm cost-saving ideas and continuously enhance quality and customer service. Moody's conducts a comprehen- sive annual review process involving location and production leaders meet- ing individually with coworkers to assess their prior year's performance and establish rate increases, informed by quarterly reviews. The company also maintains regular personal check-in points with coworkers throughout the year. I n J u l y , M o o d y 's h o s t s i n d i v i d u a l r e - tirement meet- ings, presenting the ESOP retire- ment projection template and the total compensation package. These sessions illustrate the immediate benefits of working at Moody's while underscoring the long-term retirement advantages of continued employment. Every December, employees receive annual Christmas bonuses, and the company issues a quarterly newsletter known as the Crash Up Chronicles, spotlighting coworkers. In February, Moody's holds a company banquet that recognizes 100% ESOP vested coworkers, honoring them with crystal embossed plaques. Most Valuable Coworker designations are peer-voted at each location. Moody's demonstrates its commit- ment to coworker well-being through the introduction of a free telehealth Mobile App available 24/7, catering to mental and physical health issues, including substance use disorders. Notably, Moody's transitioned from a fully insured health plan to a self- insured plan to combat rising health costs. Further innovations include en- gaging a third-party administrator with a referenced-based pricing platform, providing greater fl exibility in plan design and premium cost management. Moody's Coworker Owned Inc. 200 Narragansett Street Gorham Top local executive: Shawn Moody Founder Established: 1977 Website: moodyscollision.com # 3 Sometimes Moody's experiences natural attrition. However, the majority of times those coworkers fi nd their way back and Moody's is grateful it can set such a high bar on work expectations! What makes us one of Maine's Best Companies? We are leaders in Children's Behavioral Health Case Management in Maine. To accomplish this, we know that it takes a highly supportive (and fun!) work culture. "At Wings I feel seen and appreciated as an individual and not just another employee. We are treated the same way we treat our clients, with dignity, respect and compassion." "The high quality of work we provide to families is something that I am very proud of, our work is meaningful." contact: 207.941.2988 www.wingsinc.org moodyscollision.com 2023