ESOP Potpourri
The four-letter acronym ESOP stands for this.
What is Employee Stock Ownership Plan
This tool lives on SharePoint and shows how your ESOP could appreciate over time.
What is the Wealth Calculator?
The "O" in ESOP stands for this.
What is Ownership?
Employees earn a year of vested service for each calendar year they work at least this many hours.
What is 1,000 hours?
It's the most recent share price.
$35.74
This annual document shows employee owners how many shares they own and the value of their ESOP account.
What is an ESOP statement?
This group helps communicate ownership culture, educate employees, and promote engagement with the ESOP.
What is the ESOP Committee?
Depending on their start date, new employees enter the ESOP Plan on the first day of one of these two months.
What are January or July?
This was the share price at the first official reveal.
What is $29.45?
The amount of stock you receive depends on how many shares are released and this important figure.
What is your compensation?
ESOP statements become available every year during this month.
What is June?
This is the legal representative of the ESOP Trust, who acts solely in the interest of the employee-owners.
Who is the Trustee?
This term describes the annual process used to determine the value of company stock in an ESOP.
What is a valuation?
The QPS share price reached this value at the end of 2022.
What is $36.04?
He serves as the President of the ESOP Association Wisconsin Chapter.
Who is Dave Elliott?
Statement balances are set as of this date each year.
What is December 31st?
This body is responsible for strategic planning & major business decisions for the company and shareholders.
Who are the Board of Directors?
Eligible employees reach 60% vesting status after this many years of service.
What is four years?
From Dec '2022 and Dec. '23, the share price increased by approximately this percentage.
What is 40%?
This federal law officially recognized ESOPs in 1974.
What is ERISA?
It's the number of shares QPS will allocate over 50 years.
What is one million?
This group is responsible for implementing the board’s policies and making day-to-day decisions.
Who is the Executive Team?
Employees become fully vested after this much time?
What is six years?
The QPS share price reached this value at the end of 2023.
What is $50.56?