Basics
National Employee Ownership Month.
What is October
ESOP can be rolled over into this.
What is an IRA.
Sechan's stock value for 2025?
What is $208.25
What industry started the concept of the ESOP.
What is the New England cod fishing industry
Minimum hours you have to work to receive an ESOP contribution.
What is 1,000 hours.
Percent funded by Sechan Electronics.
What happens to my stock benefits if I die before it is distributed?
What is the account will be distributed to the beneficiary assigned on myESOPdashboard?
The email employees use to ask questions about the ESOP.
What is SechanESOP@sechan.com
Benjamin Franklin pursued a form of employee ownership as early as when.
What is 1733
Number of years to be 100% fully vested.
What is six years.
Diversification eligibility.
What is age 55 or older and have completed 10 years of participation.
Year that Sechan Electronics became 100% ESOP.
What is 2008.
Who is our ESOP Trustee (first and last name)?
Who is Kimberly Serbin
Under what conditions can a new employee enter into the ESOP Plan.
What is eligible to join the plan on January 1st or July 1st following one year of service and 1,000 hours of service each year.
What type of loan is used to purchase company stock and create an ESOP organization?
What is an acquisition loan
The allocation requirement must an employee complete to recieve stock.
What is must complete 1,000 hours of service within the Plan Year and must be employed on the last day of the Plan Year (December 31st)
The company the is the Trustee of the Plan
Who is TI-Trust, Inc
Congress passed what law to protect employees who participate in employer retirement programs.
What is the Employee Retirement Income Security Act (ERISA)