ESOP Locations | ESOP Players | ESOP Administration | Welk ESOP | ESOP Odds-N-Ends |
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What is Welk Resort Escondido
This ESOP location is known for it's beautiful golf course
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What is a trustee
This person has a fiduciary responsibility to protect the ESOP participants
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What is a distribution
After an ESOP participant terminates they are eligible for this after 5 years.
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What is 2012
The year Welk became an ESOP
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What is the Welk Benefit Microsite
The website where you may find more information on benefits and the ESOP
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What is Welk Resort Branson
This ESOP location is known for it's big theatre and big name shows
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What is third party administrator
These people outside the company handle the calculations for the allocation
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What is Repurchase Obligation
This is the ESOP company's liability to buy back stock
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What is $57.28
The latest value of Welk stock
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Who is Principal
This is the third party administrator that holds the ESOP funds
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What is Welk Cabo
This ESOP location is the best know for it's great waterside location and Mexican food
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What is valuators
These people outside the company handle the calculations for the price of the stock
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Who makes contributions to the ESOP
All contributions are made by Welk and are discretionary.
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What is 5 year graded
The type of vesting schedule Welk uses
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What is the ESOP Statement
Annual notice received showing contributions to ESOP account
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What is Welk Tahoe
This ESOP location is great for skiing and hiking
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What is the ESOP attorney
These people help write the Plan documents
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What is diversification
This rule allows you to cash in stock at age 65 years in the plan
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What is the 401(k) match
This is the other contribution that goes into your ESOP
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How long does it take to be totally vested in the ESOP
What is 5 years
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What is Welk Resort Breckenridge
This ESOP location will be a great site once completed in 2019.
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What is the DOL
These people set the regulations on how ESOPs operate and handle investigations
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What is work from Jan 1 to Dec 31 with 1000 hours of service
This is the requirement for a year of participation
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Who is the group that meets quarterly to review the plan
This is our ESOP Plan Committee
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What two statuses would allow someone to take out their ESOP prior to age 65
Death or Disability
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