Symbria ESOP annual statements hitting home mailboxes soon
We're excited to announce that our ESOP administration partner, Principal, is mailing the first set of annual Symbria ESOP account statements this week! Your ESOP account statement will provide the first tangible results of our conversion to an employee-owned company and the beginning of what we expect to be a valuable retirement benefit for you.
Here's a preview of the statement that all eligible employees will receive at their home address during the next two weeks:
Your statement will show the number of shares allocated to your account and their value. Although your account value will be relatively small, this is a retirement benefit designed for growth – and growth is at the core of our business plan as a company. As an employee owner, you should view this document as the foundation upon which future value will build. Once you're fully vested, these shares will be yours to keep for your retirement. In addition, you do not need to make any financial contribution – just your own outstanding work.
You'll receive additional shares in future years and the value of the shares you already own is likely to increase. While the financial value the ESOP delivers is very important, as an employee owner you have an opportunity to see your efforts contribute to your future.