ESOP 101
What is an Employee Stock Ownership Plan
FIX
What is vesting.
What is the total number of months that the esop transaction process took from beginning to end?
What is 10 months
How old is 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
How many employee owners does Midwest Counseling have 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
What was the address to our first office location? Bonus points if you know the buildings name still listed on 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
How many mental health practices are ESOP in the Illinois.
What is 1. Midwest Counseling and Diagnostic. There are wellness practices listed as ESOPs but currently no mental health group practices.
What is the meaning behind the butterfly in our MDC logo?
Bonus: Who came up with this logo?
What is Transformation. Who is Chris Ryba