ESOP
_____ is a qualified retirement plan designed to invest in company stock for the benefit of employees.
What is ESOP?
After joining the ESOP, you may be eligible to WHAT in Company contributions that are used to acquire Company stock for your account.
What are Shares?
_____ refers to the time an employee must work before they can receive their nonforfeitable benefits.
What is Vesting?
____ is the disbursement of a plan participant's accumulated ESOP retirement benefits
What is Distribution?
The trustee of the ESOP sets the share price based on a recommendation from an independent valuation firm.
What is Share Price?
_____ is a program that gives employees the right to access employer-provided assets over time. It's a way for employers to encourage employees to stay with the company for a long time.
What is Vesting Schedule?
It is a single payment of money, as opposed to a series of payments made over time.
What is a Lump Sum Payment?
You can roll ESOP Funds into ____ Account.
What is IRA Account?
It is a document that provides information about an employee's ESOP holdings
ESOP Account Annual Statement?
An Employee Receives ____ Percent on the 5th year of working with BAPKO.
What is 80%?
The vested portion of your account becomes yours on any one of four occasions (Name One).