Not a bad gig for employees. Do you notice a major difference in how its run?
Each employee owner becomes a participant in this program after:
Working at least 500 hours in the first 6 months of employment
Reaching 19 years of age
Accumulating 1000 hours each fiscal year
WinCo’s ESOP never involves contributions from the employees; all contributions are entirely made by the company.
Our ESOP's Solid Financial Performance:
Unlike a publicly traded stock valued on the open market, the per share value of WinCo's stock is appraised annually by an independent valuation firm selected by the ESOP trustee. ESOP stock values have averaged increases of 18% compounded annually since 1986. That means an employee who received a company contribution of $5,000 worth of stock in 1986 now has stock worth almost $863,000 from that one year alone!