Employee Stock Ownership Plan
We are an employee-owned company. We are all owners, so we all share in the company’s success.
what?
IS AN ESOP
We usually think of extreme ownership, one of our core values, as it relates to our clients. But with our ESOP extreme ownership takes on an additional meaning as we all think and act like owners of WB.
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As the company's value increases, the share value increases, so the company's success directly impacts the value of each person's ESOP account.
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why?
DOES IT MATTER
It is a tax-qualified retirement plan under the Internal Revenue Code which is designed to invest in company stock.
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An ESOP gives employees a stake in the company through stock allocation at no cost to the employee.
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how?
DOES IT WORK
All eligible employees can own part of the company. When eligible, team members accumulate shares in their retirement accounts over time. When they retire or leave, they cash in those shares. And the stock they own is free to them!