Careers at Malco Tools

Malco Tools, Inc. employs around 160 associates on two shifts at our Annandale, MN location. We are always looking for multi-talented people who can grow with us and assist our company in achieving our long-term goals.  We are proud to be a U.S.-based solution developer and manufacturer of tools and accessories that improve job-site productivity. Our focus on quality and innovation ensures the health and safety of the hands-on professionals who have come to rely on the trusted Malco brand.


Malco Employees presenting children books for United Way donations


When you work for Malco, you are working for an organization that cares about the community and the people that they serve. Malco is committed to providing employee success, while also providing support to the surrounding community and the people that purchase Malco Tools. Here are some ways Malco makes a difference:

  • A yearly United Way campaign that helps raise funds for local causes.
  • Annually donates more than $130,000 of in-kind tools and apparel to skilled trade education programs across the country.
  • Started the annual Jeannette Rieger-Borer Scholarship in 2020 to provide a scholarship of $1,500 to a local Annandale High School graduate who will be pursuing a trade school education.
  • Received award recognition in 2017 as an Outstanding Disability Employer by the Minnesota Organization for Habilitation and Rehabilitation.
  • Malco is a Specific Benefit Corporation (SBC), a designation that indicates that a specific social benefit — employee ownership, keeping jobs local, and strengthening communities — is the primary driver of Malco’s business decisions.
  • Since 2015 Malco has been committed to a highway cleanup/adopt a highway program.

Three Malco Employees smiling at the camera while working at a company event

A CULTURE OF OWNERSHIP  Image result for esop logo

Malco is a 100% employee-owned company.  As an employee-owner, you aren’t treated like a number, you are treated like family, and the company’s success is your success. Ownership at Malco also means greater transparency. Malco operates open book financials so that everyone knows where the company stands, where the company wants to be, and what everyone needs to do to meet their goals. We’re proud that over 50% of Malco associates have been with the company for 15 or more years and 70% are already fully vested in the Employee Stock Ownership Plan (ESOP).

If you want to work for a company that has a collaborative, transparent, and friendly culture, then Malco Tools is the right place for you!


Malco Tools is always honored to receive recognition and awards. Being recognized makes us proud of our team’s hard work, and it’s the knowledge that our customers are happy and satisfied with our products that gives us the most gratification. Some of the recent honors that we have received include:

MN Sharp Worksite Logo

Minnesota Safety Council


Malco Tools offers various employment opportunities at our Annandale, MN facility. If you want to learn more about what positions are currently available, or if you are eager to apply, click the link below to get started on your journey with Malco Tools!



  • Employee Stock Ownership Plan (ESOP) Company
    • 100% employee-owned
    • Open book financials
    • Retirement Contribution – Eligible employee owners which include full and Part-time (work at least 20 hours per week & at least 5 months per year) begin participating in the ESOP and the profit sharing (401K) plan within 6-9 months of hire. 100% vesting in both plans is earned after six years and company contribution has been at least 4% for the last six years.
  • Insurance – Full-time and part-time (20 or more hours per week) associates are covered on the first of the month following 30 days of employment.
    • Health – Comprehensive high deductible health plan that the company pays the majority of the premium and more if wellness goals are met (a Health Savings Account (HSA) for pre-tax contributions is also available)
    • Dental – the company pays 100% of basic dental coverage
    • Life/AD&D Insurance – the company pays 100% of 1X your annual salary, you can elect to buy an additional 2x or 3X your annual salary for voluntary life and AD&D
    • Short Term Disability – the company pays 100% of short term disability.  Plan covers 2/3 of your income for up to 6 months in the event of your inability to work due to illness or accident.
    • Long Term Disability – you can elect to buy long term disability
  • Compensation
    • Annual performance review
    • Merit increase based on performance
    • 401(k) match – 30% match on the first $4,000 with immediate match vesting once eligible to enter the profit sharing (401K) plan.
    • Education tuition reimbursement – Up to $2,400 per year towards eligible expenses (at one year of employment).
    • Employee discount program – Discounts available on tools and company apparel.
    • Flexcomp Credits – $750 per year to help pay for additional benefits
    • Referral Bonus – Associate referral program pays $500 for referrals of new talent
    • Safety shoe reimbursement – Receive up to $100 reimbursement for the purchase of steel-toed safety shoes
    • Prescription safety glasses – Malco will pay the complete costs of lenses, frames, and side shields. Basic eye exam up to $110.00.
  • Paid Time Off
    PTO                                    EXEMPT/NON-EXEMPT
    At Employment,
    Hired between:          Annual Days/Hours   
    1/1 & 4/30                  16 days/128 hours
    5/1 & 8/31                  8 days/64 hours
    9/1 & 12/31                4 days/32 hours
    Years of Service:         Annual Days/Hours  
    1-3 years                     16 days/128 hours
    4 years                        17 days/136 hours
    6 years                        18 days/144 hours
    8 years                        21 days/168 hours
    15+ years                    26 days/208 hours
    • Additional vacation time of up to one week may be purchased during benefit open enrollment time. This election includes the option to roll over up to 10 unused days
    • Paid holidays
        • New Year’s Day, Good Friday, Memorial Day, Fourth of July, Labor Day, Thanksgiving Day, The day after Thanksgiving, Christmas Eve Day, Christmas Day
    • Wellness Program– up to 1 additional day off or $200 cash per year if you reach specific wellness goals and earn an added $750 per year to help pay for additional benefits
    • Funeral Time – up to 3 days
    • Jury Duty – up to 20 days
  • Safe/Clean Work Environment
    • MnSharp OSHA Certified – Safety designation as one of the top mid-sized companies in Minnesota
    • Clean and environmentally controlled
    • Safe and clean work environment



PHONE: (320) 274-8246


Malco Tools, Inc.
Attn: Human Resources Department
14080 State Highway 55 NW
PO Box 400
Annandale, MN 55302