Bluewater Constructors Employee Stock Ownership Plan is a defined contribution single-employer corporate pension based in Houston, Texas. Established in 1997, the plan provides retirement and pension benefits to the eligible employees of Bluewater Constructors. The plan covers all employees of the company except those who are treated by the company as independent contractors, self-employed, and employees who are nonresident aliens deriving no earned income from sources within the United States. The plan is governed by the executive management team.