ESOP 101
This is what the acronym ESOP translate to?
What is an Employee Stock Ownership Plan
This is the difference between a 401 K and ESOP plan.
What is funding source
This is the difference between a 401K and an ESOP plan?
What is the funding source.
An Employee Stock Ownership Plan (ESOP) is a company-funded retirement plan that gives you shares of stock in the business, while a 401(k) is a retirement account you fund yourself through payroll deductions
This is the age of Midwest Counseling and Diagnostics?
What is 13 years old
This is the person who is responsible for acting and making decisions in the exclusive interest of the shareholders
Who is the Trustee
This is the amount of years that must be worked until an employee-owner is 100% vested into our ESOP?
What is 6 years
This is the year that our ESOP was established
What is 2025
This is the number of employee-owners Midwest Counseling has currently?
What is 61 employee owners.
This person/company is Midwest Diagnostic's ESOP Trustee.
Who is William Kropkof
This person is MCD's greatest asset that the company seeks to reward through stock ownership.
Who is YOU, and your fellow employee-owners!
This is the age of retirement considered by the ESOP plan documents.
What is age 60
DAILY DOUBLE !!!
This is the address to our first office location? This is the name of the building that is still listed above the front door.
What is the 650 N Dearborn also known as the Raleigh Hotel
Ask Amy or Neil about the Chicago History of this building.
This is the amount of employee contribution into the ESOP.
What is zero. There is no employee contribution in an esop!
At year 2, this is the percentage you are vested.
What is 20 percent at year 2
This is the number of ESOP mental health practices in the Illinois.
What is 1. Midwest Counseling and Diagnostic. There are wellness practices listed as ESOPs but currently no mental health group practices.
This is the meaning behind the butterfly in our MDC logo?
Bonus: This is person who came up with this logo?
What is Transformation. Who is Chris Ryba