History of ESOPs
What does ESOP stand for?
What is Employee Stock Ownership Plan
Where can you find ESOP Education Materials and Newsletters?
Where is on the agency server, Y:\ESOP Education Materials.
Who is C|O's ESOP Trustee?
Who is Mickey Maier.
Who does C|O's Trustee work with to get stock value?
Who is an independent firm, ESI Equity.
Who are EVERYONE!
Who was the inventor of ESOPs?
Who is Louis Kelso.
How many ESOPs are 100% employee-owned?
What is approximately 2,500.
According to a recent Rutgers University study, what is the typical American household's savings?
$17,000
What must an employee do to earn a year of vested service?
What is work 1,000 hours.
What percentage does C|O fund the ESOP plan?
What is 100%.
What date and year was the Employee Stock Ownership Plan established at C|O?
What is June 15, 2018.
Which region of the country has the highest percentage of ESOPs? (East, Southeast, Midwest, Southwest, or West)
What is the Midwest.
According to a recent Rutgers University study, what is the median value of an employee-owner's ESOP account?
$165,000
What are the two requirements that must be completed by all eligible employee-owners in order to receive an allocation of shares each year?
What are
1. Be actively employed on the final day of the year (12/31).
2. Work at least 1,000 hours each plan year.
How much money does an owner need to personally invest in an ESOP?
ESOPs are governed by the same law as what?
What are 401(k)s.
How does our stock gain value?
What is as the ESOP loan to buy it is paid and as the agency grows.
Who are the 3 current members of the C|O ESOP Board?
Who are ...
Mark Gale
Jim Locatelli
Roger Beers
What is the responsibility of the Trustee?
What is "Safeguarding Plan Assets", acting in the best interest of the plan and its participants.
How many ESOP’s are there in the US?
There are now nearly 7,000 ESOPs, with a total of 14 million participants and $1.3 trillion in assets.
What was the name of the first employee-owned company?
Who is Peninsula Newspapers in Northern California.
How many times greater is the retirement wealth for participants in an ESOP compared to participants at non-ESOP companies?
What is 2.5 times greater.
Who is the newest Member for the C|O ESOP Board?
Who is Tricia Baker.
What are the five triggers to a distribution?
What are ...
1). Death, 2). Disability, 3). Termination, 4). Retirement, and 5). Diversification
When does a newly eligible participant enter the ESOP plan?
What is on January 1, April 1, July 1 or October 1 after one year of service and worked 1,000 hours.