What Is An ESOP and Why Is It Important?

For Our Employee-Owners

Money in your pocket
Better prepared for financial security at the end of your career
100% of contributions are made by the company - it's free money for you!
True sense of pride and ownership in the work you accomplish
Long-term peace of mind for you and your family

For Our Customers

Because of our ESOP, our amazing team members finish the job on-time and on-budget. This saves our customers:

Time
Money
Hassle
Reputation
Brand image

For WSR Holdings

An ESOP benefits our company in numerous ways. As a result, our ESOP:

Reduces turnover
Increases productivity
Puts our money back into our employee-owner's pockets
Nurtures loyalty
Builds morale

ESOP Statistics

92%

higher median household net wealth

33%

higher median wage income

53%

longer median job tenure

Employee owners, on average, more than
double the retirement savings of non-ESOP
counterparts

As for engaged employees, ESOP companies
report increased staff motivation and
engagement and greater loyalty along with an
increased sense of job security

Voluntary quit rates by ESOP employees are
roughly one-third of the national average

Employee-Owner Login for Your ESOP Home Page

Employee-Owners are eligible to participate in the plan starting on January 1st of the year after their hire date, as long as they have worked at least one hour during that year and are at least 20-1/2 years old.

Jan. 1

Frequently Asked Questions

What is an "ESOP"?

An Employee Stock Ownership Program is a unique tax-qualified employee retirement plan that allows eligible employees to share in
the ownership interest of the company where they work.

How does a company become an ESOP?

-In an ESOP transition, the owner(s) of the company will sell some or part of their shares to the ESOP trust, which owns the shares on
behalf of the employees.

What does it mean to be fully vested and when am I fully vested?

Vesting refers to an employee’s earned ownership of the benefit over time. Fully vested means the employee is entitled to 100% of
the shares they have earned. It takes 6 years to become fully vested at WSR Holdings.

When and how is my ESOP money taxed?

The money in an ESOP account is taxed as ordinary income and will be taxed at the time of distribution.

When can I cash out?

Usually, when an ESOP participant’s employment is terminated due to retirement, disability (deemed by Social Security), or death, the
ESOP is required to begin distributing that employee’s vested benefits during the plan year that follows retirement, onset of the disability,
or death. If an ESOP participant leaves the company, they will start to receive their vested benefits after the waiting period. Please talk
to a member of the communication committee for additional details.

How can I impact the value of my ESOP?

There are many ways to impact the value of your ESOP! Being safe at work, eliminating material waste, and reducing mistakes as
much as possible in the office, shop and field are all ways to positively impact the value of your ESOP.