| TCV ESOP | ESOP 101 | TCV Core Values | ESOP Roles | Potpourri |
|---|---|---|---|---|
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What is Zero - all employee/owners are 100% vested upon joining the plan!
An employee/owner is 100% vested in the ESOP plan after how many years?
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What is an ESOP
This is an employee benefit that gives workers ownership interest in the company in the form of shares of stock.
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What is Accountability
We accept responsibility for our work, actions, words and results.
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Who is Matt Cheeverhttps://www.google.com/imgres?q=Saturday%20night%20fever%20pictures&imgurl=https%3A%2F%2Fwww.rogerebert.com%2Fwp-content%2Fuploads%2F2024%2F03%2FSaturday-Night-Fever.jpg&imgrefurl=https%3A%2F%2Fwww.rogerebert.com%2Freviews%2Fgreat-movie-saturday-night-fever-1977&docid=SVMZRvhYcZjY1M&tbnid=VV1M1uEizcg0YM&vet=12ahUKEwjdks6HvI6JAxWpMtAFHQMqIE0QM3oECG8QAA..i&w=576&h=445&hcb=2&ved=2ahUKEwjdks6HvI6JAxWpMtAFHQMqIE0QM3oECG8QAA
__________ is TCV's internal ESOP administrator.
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What is ESOPConnection
This website allows TCV ESOP participants to see their plan balance, along with account balance projections and other important plan information
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What is Diversification
An employee/owner who has reached the age of 55 and has been in the ESOP plan for at least 10 years qualifies for this.
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What is ERISA
This Federal legislation codified ESOPs into law.
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What is Teamwork
We achieve more because we collaborate and work together toward a common goal.
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What is the company share price
An independent appraisal firm is hired every year to determine what?
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Who is Jack Davidson
While trained as an attorney, he is credited with being the Architect of Trust Company of Vermont as well as its first president
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What is 95%
This is the total percentage of TCV stock that is owned by its employees by way of the ESOP.
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What are 401(k) plans.
Unlike these retirement plans, ESOPs require no monetary contribution from employees.
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What is Service
We go above and beyond to deliver the highest level of trust and expertise for both clients and employee-owners.
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What is the plan trustee
This person has a fiduciary responsibility to protect the ESOP participants.
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What is 1999.
This is the year that the Trust Company of Vermont was founded.
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What is 5
When an employee/owner reaches normal retirement age and retires from TCV, they are paid their ESOP balance in this many years.
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What are ESOP companies.
There are 6,243 of these in the United States.
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What is Respect
We value all relationships by treating everyone with courtesy, dignity and respect.
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What is the third party administrator or TPA or Blue Ridge ESOP associates.
These people outside the company handle the calculations for allocating shares in the plan. HINT: they also prepare participant statements.
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What is an S Corp.
Trust Company of Vermont is this type of corporation, named after a subchapter of the Internal Revenue Code.
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What is 2006
In what year did TCV become an ESOP company?
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What is October
Employee Ownership is celebrated during which month?
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What is Integrity
We build trust by ensuring everything we do is reliable, consistent and honest
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What is the Department of Labor (DOL)
This government body sets the regulations on how ESOPs operate and handle any investigations.
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What is March Madness Bracket Challenge
You may feel like you're jumping through hoops when competing in this springtime classic game at TCV.
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What is $1,313.77
What was the last value of TCV stock?
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