Before Paul Marvin was born, his family members created a profit-sharing program for employees.

Now CEO and chair of Marvin, Paul Marvin announced Thursday that more than $20 million in profits would be shared among 7,089 eligible employees. The Warroad, Minnesota-based manufacturer of windows and doors has been making year-end announcements of profit sharing since 1957.

The total amount of profits awarded to employees has increased over the years along with the company’s revenue and employee population, which is now spread across 16 cities in North America.

About 1,600 Marvin employees gathered Thursday in Warroad to hear Paul Marvin speak at the company’s annual meeting and disclose the profit-sharing figure. A livestream of the Warroad event was watched by employees at 15 other Marvin company facilities, where local celebrations also were held.

“This year marked the first in our current five-year business strategy and it was a year of foundational preparation, research, and piloting,” Paul Marvin said in a Thursday news release. “I am proud of how our teams delivered exceptional business results while also tackling an ambitious transformational plan to ensure Marvin is positioned to thrive for generations to come.”

For 2023, Marvin provided a 59% increase over profits shared in 2022. “Full-time employees with more than 1,500 hours worked received a minimum of $2,200 up to more than $6,400, depending on length of service with the company,” Marvin said in a prepared statement. “Beginning this year, 25% of Marvin’s profit-sharing pool was distributed based on employee length of service, further recognizing employee commitment to Marvin.”

Between the end of 2020 and the end of 2022, Marvin’s employee base expanded by 21%. Despite that rapid growth, Marvin still has a large contingent of employees with decades of experience. The company reported Thursday that more than 15% of Marvin employees have worked at the business for 20 years or more.

In January, Paul Marvin did an extensive interview with Twin Cities Business in which he outlined goals in the Marvin five-year plan as well as addressed how the company was handling employee compensation, inflation, and a workforce shortage.

Paul Marvin was interviewed just as he was embarking on a tour of Marvin facilities. He wanted to hear candid feedback to Marvin’s business plan during 41 employee meetings.

On Thursday, Marvin also detailed the company’s response to its annual employee survey results, which were a factor in Marvin management’s decisions to modify the employee benefits program.

“In 2024, Marvin employees will enjoy increased paid time off flexibility, including Better Living Day, an additional day of paid time off for anything that supports employee well-being on the day of their choice,” the company said in a Thursday statement. “Marvin has also increased leave benefits for new parents and invested to ensure employees will not incur health insurance premium increases in 2024, despite rising costs.”