ELIGIBILITY
This the age at which you qualify for ESOP benefits...
What is 18?
Any of these four events allow for distribution...
What is termination, disability, death, or retirement?
The year in which the Employee Retirement Income Security Act (ESOP law) was put into place...
What is 1974?
This is what the letters ESOP stand for...
What is Employee Stock Ownership Plan?
These items are listed under the ESOP tab on the Principal website...
What is summary plan description and submit a question?
This is the number of years of service you provide to become fully vested...
What is 5?
The age and number of years of participation when you are given the option to diversify...
What is 60 and 5 years of participation?
This is who regulates ESOP's in the U.S...
Who is the IRS and Department of Labor?
That is how often our company is valued...
What is annually?
The full meaning of ESOP...
What is Employee Stock Ownership Plan?
This is the amount of money you pay out of pocket annually to ESOP...
What is 0? (zero)
This is how the company converts yours stock shares to cash...
What is re-purchase obligation?
The number of ESOP's currently in place in the U.S...
What is approximately 11,000?
The year that Welk began it's ESOP plan...
What is 2012?
This is our 2017 stock valuation...
What is $57.28?
The number of hours of service you provide each year to qualify for ESOP benefits that year...
What is 1000 hours?
The employee can request this at age 65 while still employed...
What is in-service distribution?
Even in the worst economy since the great depression, this is the percentage of ESOP companies had a better performance...
What is 67.6%?
This is who can make a difference in the value of our company stock...
Who is everyone?
This is the number of hours a team member must work to be eligible to receive a contribution...
What is 1000 hours?
This is the time frame in it takes to be 100% vested...
What is 5 years?
This is when your ESOP value is considered income and is taxed...
What is after distribution?
Total Estimated Assets of ESOP companies in the U.S...
What is $860 billion?
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?
This is the number of years it takes to be 100%vested in the ESOP contributions
What is 5?