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What is an ESOP? An ESOP is a retirement plan that is designed to provide employees with an ownership interest in the company for which they work by making annual contributions in stock of the Corporation. An ESOP operates through a trust, under the direction of a trustee or other named fiduciary. These contributions are allocated to individual employee accounts within the trust and employees receive the vested portion of their accounts at either termination, disability, death, or retirement.
For TriMark employees having that sense of ownership means that they act and think like owners in the company and day to day actions and decisions are made with increased dedication and pride.
If you would like more information about ESOPs, visit The ESOP Association at www.esopassociation.org