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Peter Kiewit Sons

Construction and mining company.

Headquarters: Kiewit Plaza
Omaha, NE 68131
Employees: 14,800
CEO: Bruce Grewcock
Employee-owned company

Peter Kiewit Sons is one of the largest construction and mining organizations in North America, with more than 30 district and area offices in the United States and Canada. Kiewit has a proven track record for delivering large and challenging projects on time and within budget.

Kiewit was ranked by Fortune magazine as one of America's Most Admired Companies. Kiewit is the nation's seventh-largest construction firm, according to Engineering News-Record.

Peter Kiewit Sons', Inc. is an employee-owned company. Kiewit stock is not available for purchase by the general public and is not traded on any stock exchange.

Kiewit is one of the largest employee-owned firms in the nation and is noted for its broad-based ownership, with over 1,600+ U.S. and Canadian employee-stockholders. The company has a staff of more than 4,600 salaried and hourly employees, and more than 10,200 craft workers.

Nearly all construction projects are staffed by one or more owners of the company. The average size of a Kiewit project is under $12 million.

In 2005, the company generated $4.15 billion in revenues.

History

Peter Kiewit Sons', Inc. traces its history to 1884, when Peter and Andrew Kiewit formed Kiewit Brothers, an Omaha masonry contracting partnership. It was a logical move for two sons of a brick maker, who had moved to the booming city a half dozen years before.

In 1889, Kiewit Brothers was awarded its largest contract to date, the masonry work for the seven-story Lincoln Hotel. Soon after completing that job, the brothers dissolved the partnership, and Peter continued the business as a sole proprietor, eventually becoming a general building contractor.

Peter Kiewit had six children. The youngest, also named Peter, was born in 1900. This is the Peter Kiewit best known for developing the company into a major national contractor.

In 1912, the firm was renamed Peter Kiewit & Sons to recognize that 23-year-old Ralph and 21-year-old George had joined their father as partners in the business. When Peter Kiewit (the father) died in 1914, Ralph took charge of the business. He changed the name to Peter Kiewit Sons, since his father was no longer involved.

In November 1979, Peter Kiewit died as a result of complications following removal of a tumor on his left lung. Most of his estate went into a charitable foundation. The Peter Kiewit Foundation, which has no ties to the company that bears his family's name, is one of the largest charitable foundation in the nation.

Benefits

- Major Medical
- Dental
- Prescription Drug
- Routine Vision
- Spending Accounts
- Life Insurance
- Long-Term Disability
- Short-Term Disability
- Assistance Program

Kiewit offers employees a Preferred Provider Option (PPO) plan that provides comprehensive care from a carefully selected network of providers. Plan components include medical, dental and vision plans.

Compensation

Kiewit offers its employees a competitive compensation program that is based on local, regional or national compensation data, depending upon the position. Compensation for all Kiewit employees is reviewed annually and adjusted on the basis of individual performance.

Retirement Savings Plan

Kiewit's Retirement Savings Plan is designed to provide a convenient tax-efficient method to save for retirement. The plan consists of three components: employee 401(k) contribution, employer company match and employer company contribution.

401(k) Savings Plan

Eligible Kiewit employees may participate in the plan on the first day of the month following one calendar month of service. The plan provides 12 investment options managed through Ameriprise Trust Company, as well as a self-directed brokerage account option.

Updated May 5, 2006

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