~ESOP JEOPARDY~

ELIGIBILITY

100

This the age at which you qualify for ESOP benefits...

What is 21?

200

This is how long you must work at MJ before you become eligible for the ESOP...

What is 1 year?

300

The number of hours you must work each year to qualify for ESOP benefits in that plan year...

What is 1,000 hours? 

400

This is when you enter the plan after meeting all 3 eligibility requirements...

What is retroactively to 1st day of Plan Year? (Jan 1)

500

This is the time frame in which the company hopes to be 100% employee owned...

What is 5 years?

DISTRIBUTION

100

Any of these four events allow for distribution...

What is termination, disability, death, or retirement?

200

The age and number of years of participation when you are given the option to diversify...

What is 55 and 10 years of participation?

300

This is how the company converts yours stock shares to cash...

What is re-purchase obligation?

400

The employee can exercise the & require company to re-purchase shares at current fair market value...

What is put-option?

500

This is when your ESOP value is considered income and is taxed...

What is after distribution?

HISTORY

100

The year in which the Employee Retirement Income Security Act (ESOP law) was put into place...

What is 1974?

200

This is who regulates ESOP's in the U.S...

Who is the IRS and Department of Labor?

300

The number of ESOP's currently in place in the U.S...

What is 10,000?

400

Even in the worst economy since the great depression, this is the percentage of ESOP companies had a better performance...

What is 67.6%?

500

Total Estimated Assets of ESOP companies in the U.S...

What is $860 billion?

KESSLERS ESOP FACTS

100

This is what the letters ESOP stand for...

What is Employee Stock Ownership Plan?

200

That is how often our company is valued...

What is annually?

300

The Trustee who acts in exclusive interest of the trust beneficiaries...

Who is Kevin Kolb?

400

This is who can make a difference in the value of our company stock...

Who is everyone?

500

This is what affects the value of our company...

What is financial condition, history of enterprise, economic outlook of industry, nature of business, market value of similar companies?

POTPOURI

100

These three things are listed under the ESOP tab on the employee website...

What is summary plan description, distribution form, and submit a question?

200

The full meaning of SDS...

What is Shrinking Diamond Syndrome?

300

This of the number of members the speculated to be on the Board of Directors...

What is 4?

400

This is one of the 3 accolades Kesslers has received in 2012 as listed on the website...

What is Wisconsin Bride Magazine best of 2012, Ernst & Young Entrepreneur of the Year Finalist 2012, or Milwaukee Journal Best Places to Work 2012?

500

This is the number of categories on the "Wheel of Sparkle"

What is 8?