ESOP.EDU – SUMMARY PLAN DESCRIPTION

Every Employee Stock Ownership Plan has a Summary Plan Description (SPD). And, as way of educating and engaging our employee owners, we are going to share some of the highlights here – facts that impact each of us as participants in our ESOP retirement plan. Part 1: Participating in the Plan Am I eligible to Participate in the Plan?  You […]

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ESOP News

Happy Employee Owner Month!  Yes, we have two celebrations this month. In addition to FBG turning 60 years old, we’re celebrating all our employee owners with a Big Thank You and Congratulations gift. Last year, we celebrated by sending a pair of fun FBG socks to each employee owner, this year another small token of our appreciation will be sent.  […]

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ESOP News

Happy New Year 2020! We’re excited to ring in a brand-new decade! And when we do, it also means we’ve added another decade to the history of our company as we turn 60 later this year. Most companies don’t last 50 years – only 36 percent make it to their 10th birthday and about 21 percent make it to their […]

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THE GIFT OF SOCKS

To celebrate Employee Ownership Month, the FBG ESOP Communication Team decided the best way was to gift our employee owners with a surprise in the mail. These colorful socks are designed after the ESOP graphic that accompanies all our materials. They came with a message from our president, Terri Gogetap, which said:  “Whether you are a new associate or fully-vested, […]

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ESOP.edu – Why is a Beneficiary Form so important?

A beneficiary form is used to assign the person of your choice to receive your financial assets upon death. Every time a life event takes place, like a new baby, marriage, divorce or retirement, you should review the beneficiaries you have selected, including those for your ESOP and 401(k) accounts. WHAT HAPPENS IF YOU DO NOT DESIGNATE A BENEFICIARY:  1. […]

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