Am I Qualified?
How can I enroll in the plan?
What is automatically enrolled after 1 year of service (+1,000 hrs.), entering the following Jan 1st or July 1st.
What does ESOP stand for?
What is an Employee Stock Ownership Plan?
When was the BERPL ESOP founded?
When is August 31, 2022
What does the "L" in BERPL stand for
What is Live the Golden Rule?
Yes or no...it would be pretty cool to work for a company where I could have tens of thousands of dollars in my retirement account, all just for doing my job, and yes, it's all legal?
What is "duh...?"
Name 3 other ESOPs?
What are Wawa, Publix, Clif Bar, Davey Tree, New Belgium, and many more?
Can I spend the award now?
What is "no" An ESOP is a defined contribution plan, aka another Retirement plan, in addition to your 401(k).
What is the federal act that sets the standards for ESOPs?
What is ERISA (Employer Retirement Income Security Act of 1974)
Why is it called BERPL ESOP instead of a Techlocity, Palm Tech, or BERPL Tech ESOP?
What is "mostly so we could keep everyone's EIN (Employer ID Number) so customers would keep paying us!"
What does the "E" in BERPL stand for?
What is "Enjoy the Journey"
Do I have to pick between the ESOP retirement plan and my 401(k)?
What is "No, it is a retirement account in addition to your 401(k)?"
An ESOP is more or less likely to go out of business for any reason?
What is "Less. An ESOP is 1/2 as likely as other types of businesses to close."
What age must an employee be to be eligible for the ESOP?
What is 21.
Do 100% ESOPs pay federal taxes?
What is No. We do not pay federal income tax, so they can instead share that money with all employee owners."?
How often our company is valued...
What is annually?
What does the "R" in BERPL stand for?
What is "Relentlessly Search for Better"?
This is the amount of money you pay out of pocket annually to ESOP...
What is "$0"?
How often are ESOP shares awarded?
What is "one time per year"?
Any of these four events allow for distribution...
What is termination, disability, death, or retirement?
What is the term used when referring to the dollar amount per share?
What is Share Value
Who sets the business value that determines the share price?
Who is "an independent business valuation expert hired by the Trustee
What does the "P" in BERPL stand for?
What is "Play to Win"?
This is who can make a difference in the value of our company stock...
What is EVERYONE?
Name the 10 BERPL Subsidiaries?
What is School Outfitters LLC, ITS (China), BERPLVN (Vietnam), FDP, Grupo, BERPL Technologies, Techlocity, Palm Tech, BERPL Inc., and BERPL Distributions?
When are you 100% vested?
What is 5 years from the acquisition date
How many ESOPs are there in the country?
What is 6,500+?
What percentage is owned by the employees?
What is 100% owned by employees?
What is the #1 Value that the "B" in BERPL stands for?
What is "Believe in People"?
Can I buy more shares of BERPL? Can anyone?
What is "no"? ESOP shares are awarded annually. They are only awarded to employees of the BERPL companies.
What is the ESOP Trustee?
Who is the person who has fiduciary responsibility to make sure the employee-owners' interests are protected?