ESOP – Employee Stock Ownership Program
PAQ, Inc. dba Food 4 Less and Rancho San Miguel Markets is 100% employee owned. We are one of about 7,000 ESOP organizations in the U.S. that are owned by the employees that work for the company. Because of the number of employee owners we have, we are the 70th largest ESOP in the nation, putting us in the top 1% of ESOPs in terms of employee size.
As you explore this section you will discover the benefits of being an employee owner for you and your family. Your hard work and your co-worker’s hard work contribute to the company’s overall performance and is ultimately passed on to you by increasing the value of the stock you receive each year. So, click on the links below to learn more.
Become an Employee Owner… It’s Easy!
Participants in the ESOP must be:
- 21 years old
- Minimum of 1,000 hours of employment
- Must be employed on the last day of the calendar year
Beginning in 2020 all employees enter into ownership at an enter date following when they met the eligibility requirements listed above. The enter dates are:
- November 1st
- February 1st
- May 1st
- August 1st
| 1st Year in ESOP – | All Shares 0% Vested |
| 2nd Year in ESOP – | All Shares 20% Vested |
| 3rd Year in ESOP – | All Shares 40% Vested |
| 4th Year in ESOP – | All Shares 60% Vested |
| 5th Year in ESOP – | All Shares 80% Vested |
| 6th Year in ESOP – | All Shares 100% Vested |
Become an Employee Owner:
Owners Presentation October 2020
Summary Plan Description
ESOP SPD Acknowledgement Form
Introduction to ESOP – English:
Employee Owned Company Meeting – October 2020 – English
Introduction to ESOP – Spanish:
Employee Owned Company Meeting – October 2020 – Spanish
Employee Owned Company Meeting – July 2023
Employee Owned Company Meeting – July 2023
For more information go to:
https://www.esopconnection.com/paq
