Minnesota company KLN Family Brands shares $27 million in profit over five years

KLN Family Brands, a Minnesota company, has distributed $27 million in profit-sharing checks over the past five years. Last year, it gave a record $7.5 million to around 600 employees, reflecting a growing trend in profit-sharing among U.S. businesses. The company has offered profit-sharing for 25 years, with all employees eligible after one year of service. This practice is part of a broader increase in profit-sharing, which has risen from 5% to 8% among U.S. companies in the last decade. KLN's CEO, Charlie Nelson, emphasized the importance of rewarding employees. The company is also considering expansion due to increased efficiency and demand, aiming to boost profits and profit-sharing further.