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ESOPtober Crossword Puzzle

Name:___________________________
Location:__________________________
Horizontales
The processes of data collection, establishing eligibility, performing allocations, tracking account balances, performing relevant tests, producing statements for participants, preparing tax forms, etc.
If a Participant is not 100% vested in their ESOP account balance, they will ________ their non-vested account balance
Annually indicates the fair market value of shares and any other assets in the participants ESOP
Manufacturer of ground support equipment for the airline and air cargo industry & conveyor equipment for the material handling industry
Before you become a participant in the Plan, there are certain ____ and participant requirements that you must satisfy
When a participant is eligible to partially diversify up to 50% of the Company Stock in their ESOP account after reaching age 55 and performed 10 Years of Service
Person(s) who have the responsibility of overseeing the ESOP's trust, and managing the trust assets for the benefit of the Participants
When an ESOP Participant reaches normal retirement age, dies, or becomes disabled, the Participant is entitled to receive a ____ from their ESOP account
_____ Years of Service are Plan Years in which you complete at least 1,000 hours of service, and include periods of employment prior to beginning participation in the Plan
Once you have satisfied the Plan's eligibility requirements, you become a member or a _________ in the plan
__________Age is 62
An employee benefit plan that gives workers _______ interest in the company in the form of shares of stock
Verticales
Individuals who inherit the value of a retirement plan in the event of the Participant's Death
The ESOP acquires assets to be used to provide a retirement benefit to its Participants by means of money or stock shares
An ESOP that receives contributions of stock from the corporate sponsor or purchases stock using money contributed by the corporate sponsor, but the money was not borrowed
The acronym for Employee Stock Ownership Plan
Annual process ERISA requires to assess the value of an ESOP's Company Stock
The acronym for Summary Plan Description
The federal law that governs all tax qualified deferred compensation plans, including ESOPs