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NCEO Fun Facts
Trusted Advisors
History of ESOPs
ESOP Acronyms
Plan Documents
100

What percentage of ESOP companies are more to stay in business?

30%

100

Which trusted adviser is hired by an ESOP Trustee?

Independent Appraiser 

100

True or False, an ESOP is a defined contribution plan.

What is true?

100

ESOP is the acronym for this.

What is Employee Stock Ownership Plan?

100

What was the effective date of the Elipticon Wood Products, Inc. Employee Stock Ownership Plan?

1/1/2013

200

How much more wealth do employees at ESOP companies generate compared to non-ESOP company employees?

Employee-owners at ESOP companies generate 2.5 times greater retirement savings.

200

Which trusted adviser creates the ESOP Plan documents?

An ERISA Attorney 

200
This is the year the Employee Retirement Income Security Act was introduced.
What is 1973?
200
NCEO is the acronym for this.

What is National Center for Employee Ownership?

200

Name the two eligibility requirements

1) Complete 12 months of service, 2) Work at least 1,000 hours

300

On average, how much more do employees of ESOP companies earn compared to non-ESOP companies?

The average employee-owner will earn 5% - 12% more in wages compared to same position and industry for a non-ESOP company

300

Who sets the actual share value each year?

The Plan Trustee

300
He invented and pioneered ESOPs.
Who is Louis Kelso?
300
SPD is the acronym for this.

What is Summary Plan Description?

300

What must all eligible employees do in order to receive an allocation?

1) Be actively employed on the last day of the plan year (December 31st), 2) Work 1,000 hours

400

According to an NCEO, over a 10-year study, ESOP companies grew this much faster than non-ESOP companies.

25% higher job growth at ESOP companies compared to non-ESOP companies.

400

Who runs the day to day operations of the company?

The officers of the company 

400

He introduced the ERISA Act.

Who is Senator Russell Long?

400
RMD is the acronym for this.
What is Required Minimum Distribution?
400

What two things must employee-owner achieve to become eligible for diversification?

Minimum age 55 and 10 years of participation in the plan.

500

How many ESOP companies are there nationwide?

6,717

500

Can you correctly name the following key advisers in your ESOP?  Plan Trustee, Independent Appraiser, ERISA Attorney, and ESOP TPA.

Plan Trustee - Mickey Maier, Independent Appraiser - ESI Equity, ERISA Attorney - DeWitt Ross & Stevens, ESOP TPA - ESOP Partners

500
This is the first company to be employee-owned.
What is Peninsula Newspapers in Northern California?
500
ERISA is the acronym for this.

What is the Employee Retirement Income Security Act?

500

What are the five triggers to a distribution?

1) Retirement, 2) Death, 3) Disability, 4) Termination, and 5) Diversification