ESOP Basics
What does ESOP stand for?
Employee Stock Ownership Plan?
What does it mean to be "vested"?
You fully own your ESOP shares.
What makes the value of ESOP shares go up?
Company performance
Name at least two of our Guiding Principles
Integrity
Work/Life Balance
Better Health
Continuous Improvement
Collaboration & Teamwork
What's your favorite part about being an employee-owner?
Up to you!
When do you qualify for the ESOP?
After 1 year and 1,000 hours.
When do you become fully vested at EuroPharma?
After 5 or more years of vesting service (5 plan years with over 1000 hours each)
How can employees affect the value of the stock?
Through your performance and following our Guiding Principles.
What is a personal benefit of being an ESOP?
Building retirement savings!
What financial advantage does the company receive that enhances cash flow?
Important tax benefits
When did EuroPharma become an ESOP?
2016
When are you eligible to receive a distribution from your account?
After your termination.
What is the most recent stock price?
$45.11
How do ESOPs affect employee retention?
ESOPs have a higher retention rate
Beyond performance, how can each of us improve company net profit?
By using company resources wisely
How much do YOU contribute to your ESOP?
$0
What determines the number of shares you are allocated in a plan year?
Your compensation compared to the compensation of other eligible participants.
How is the value of ESOP stock determined?
An independent financial advisor assesses the value once a year.
What are some team benefits of having an ESOP?
Possible answers:
1. Motivation
2. Retirement savings
3. Shared success
What is an ownership mindset?
Thinking and acting like business owners.
Name one way an ESOP is different from a 401k.
An ESOP is 100% EMPLOYER Funded
401k is made up of employer & employee contributions
What happens to your shares if you leave the company before you're fully vested?
You keep the vested portion. Anything else is forfeited back to the plan for reallocation to the remaining participants.
What year did our stock make the largest dollar increase?
2021
How many ESOPs are in the US?
About 6,500
How is our ESOP different from others?
1. We're 100% employee-owned and other companies aren't
2. We provide a 401k with a profit sharing contribution in addition to the ESOP