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What is Bi-Mart’s Employee Stock Ownership Plan? |
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Bi-Mart established the Bi-Mart Corporation Employee Stock
Ownership Plan (ESOP) to help employees save for retirement. The ESOP is designed to give each eligible employee
participant a share in the ownership of the company through allocations of company stock. |
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Who can participate in the ESOP? |
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Only current Bi-Mart employees can participate in the ESOP. ESOP
contributions are funded by the company and are allocated on an annual basis, generally in the form of shares of
company stock, to eligible employees. Each employee’s number of ESOP shares will continue to grow annually; as
long as he or she is employed with the company in an eligible class and the company continues to contribute to
the ESOP. |
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What are the benefits of an ESOP? |
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There are many benefits, tangible and intangible, of working for a 100% employee
owned and operated company. Not only do employees benefit from the annual allocation of shares, but they also
get the satisfaction of sharing in the potential success of their company and working alongside other employees whose
common goal is to make their company succeed. |
