Employee Ownership - IKE Transportation

 

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Employee Ownership

Employee Ownership at Big G Express gives you the opportunity to earn money for your future while providing for you and your family today. The ESOP is a FREE retirement plan with no money out of your pocket.

Learn More About Employee Ownership

Live Big. Earn Big.

IKE Transportation joined the Big G Express family on June 1, 2016. As a subsidiary of 100% Employee Owned Big G Express, IKE employees participate in the Employee Stock Ownership Plan (ESOP) and share in the future success of the company.

How The ESOP Works:

family oriented, respect, big g express
Big G Stock Prices
ESOP Valuation -
Privately Held
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Big G Express/IKE Transportation is still privately held and not publicly traded. Our stock value is determined by an independent valuation firm annually. Our value is based on the "fair market value" of IKE Transportation, or what a willing buyer would pay for our company at that time.
How You
Earn Shares
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Shares are allocated to eligible participants annually based on their years of service and compensation. Employees do not pay for shares. In fact, the plan does not allow anyone to purchase shares - they are all earned by working at IKE Transportation.
Annual ESOP
Statements
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Our ESOP administrator will mail participant statements each year around June or July. The statement will be "as of the end of the prior calendar year" and include the number of shares in the participant retirement account and the value of the stock for that year. We announce our stock price at our Annual ESOP Meeting each summer.
ESOP Distributions -
When you get $$
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ESOP Distributions are paid by the end of the calendar year following the year a participant terminates employment at IKE Transportation. Our current distribution plan pays a lump sum if a participant is 65 years or older, upon death or 100% disability. If a participant is less than age 65 when they separate, the ESOP balance is paid 1/5th over five years.


Real People Real Money

Here are a few examples of driver account balances over the last three years:

 
 
Hire Date

April 2013

2015 Balance

$10,441

2016 Balance

$19,353

2017 Balance

$25,058

 
 
 
Hire Date

march 2010

2016 Balance

$36,491

2017 Balance

$51,182

2018 Balance

$59,846

 
 
 
Hire Date

August 2004

2016 Balance

$73,420

2017 Balance

$95,863

2018 Balance

$106,206

 

Latest Employee Ownership News

Toys for Tots Donations

Our Toys for Tots Donations have been pouring in and it is super amazing the support that everyone has shown. Friday December 11,2020 is the last day to drop off toys and get them. Thank you for all the donations. [read more]

How Your ESOP Balance is Determined

Your ESOP account balance is determined by two things: The number of shares you have, and the value of the shares. [read more]

 

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