What is an Employee Stock Ownership Plan?
KKW Trucking, Inc. has been a proud employee- owned company since 2019. The vehicle that allows employee-owners like you to share in our growth and prosperity is our Employee Stock Ownership Plan, or ESOP. We make yearly contributions of stock or cash to the ESOP on behalf of all our employee-owners.
No action is required to join and there is no cost to you, whatsoever.
You will automatically become a member of the ESOP once you have logged at least 250 hours in a calendar year for it to qualify as a credited year of service.
What is vesting?
Your ESOP account is subject to vesting. Vesting is the percentage of your ESOP account that is yours and cannot be taken back. The longer you work here, the more you vest. If you leave before you are 100% vested, the non vested portion of the balance will be forfeited.
All ESOP participants have the same vesting schedule:
| Years of Vesting | <2 | 2 | 3 | 4 | 5 | 6+ |
| Percent Vested | 0% | 20% | 40% | 60% | 80% | 100% |
Congratulations on being 100% vested to the KKW Employee Owners who have met the annual plan requirements and have been employed since 2019.
We are excited to reach this milestone as an ESOP Employer!