The KeHE Employee Stock Ownership Plan, or ESOP, is our company-funded retirement benefit that provides company stock ownership to KeHE employees. It also offers an incentive to our employees to be more customer focused, efficient and productive. Our employees have a long term vested interest in the current and future success of the company – and it shows in their dedication to excellence.
The KeHE ESOP provides a significant benefit to our employees as the company value does not fluctuate based on the day-to-day volatility of the stock market. Our annual stock valuation cycle allows management to make long-term decisions for the good of the company allowing employees to focus on their daily responsibilities while building long-term wealth.
KeHE employees do not contribute to this benefit and become eligible to receive contributions upon their retirement or departure from KeHE based upon a vesting schedule. The ESOP is a valuable part of the employee’s overall retirement plan and is in addition to the traditional 401k benefits. We recognize that the most important and valuable asset to the financial success of the company is our employees, and one unique way we reward our employees is through providing this equity vehicle for their financial security.