ESOP MOCK STATEMENT

It’s time for one of the best meetings of the year! On Wednesday night, following the meeting, all ESOP participants will electronically receive their 2022 ESOP statement. Expect this around 6pm.
 
Based on past ESOP Meeting Surveys, we noticed there’s an opportunity to better educate you on how to read your ESOP statement. You can find a mock statement here, and it outlines key parts of the statement.
 
Remember the ESOP Statements being delivered are for the 2022 ESOP Plan year.
 
Some of you won’t receive a statement. Here’s common reasons why:

1. You entered the ESOP on January 1, 2023. You are an ESOP participant; however your first ESOP contribution will occur as of 12/31/2023. Your first account statement will arrive during the next ESOP Annual Meeting (in May 2024).
2. You started at CG between January 1 2022- June 30, 2022. You aren’t yet in the ESOP plan. You will enter on July 1, 2023. We will host a “New Member Welcome Meeting” in July to share more information then. Your first ESOP contribution will occur as of 12/31/2023. Your first account statement will arrive during the next ESOP Annual Meeting (in May 2024).