OWNING. EVERY. MOMENT.
What EMPLOYEE OWNERSHIP Means to Us
WHERE THE RUBBER
Nussbaum Stock Values
Real money for your retirement. Take a look at these examples from a few of our driver’s actual ESOP accounts.
|HIRE DATE||2018 ESOP|
FREQUENTLY ASKED QUESTIONS
An ESOP is an Employee Stock Ownership Plan that provides a company’s workforce with an ownership interest in the company.
1) Work at Nussbaum for 12 months
2) Receive at least 23 paychecks
3) Be at least 18 years old
The value of stock allocated to you is based on a percentage of your wages and can vary from year to year. On average, it will be about 6% of your wages.
Vesting is the portion of your account that belongs to you and cannot be forfeited. Each year you work at Nussbaum, you become more vested in your ESOP account. Vesting is measured from your hire date.
After 6 years of employment where you have collected at least 23 paychecks. See vesting table below.
|Years of Service||Vesting Percentage|
|1 Year||0% Vested|
|2 Years||20% Vested|
|3 Years||40% Vested|
|4 Years||60% Vested|
|5 Years||80% Vested|
|6 Years||100% Vested|