TTM about ESOP

[helenahhandbasket]

I know a little bit about it, but I'm wondering if anyone here has this benefit at their job and if it's something to take into heavy consideration when accepting an offer.

SO interviewed for a job and got an offer, but the salary is 20% less than we were expecting. However, the company provides an ESOP to all employees which would be a great way to really build a savings and take some pressure off of me as the main contributor to our retirement savings.

We are trying to figure out if this benefit could make up for the lower salary. Any input is appreciated!

[liziz]

My company has insane retirement stuff (ESOP and Money Purchase Pension Plan(same as 401k, basically)). Our company is employee owned, so the stock options are not publicly traded, but rather, privately valued. They put 10% of our salary each year in to the ESOP, and 15% into our MPPP/401k. It's frustrating when you'd rather have the money now, but it was really great for 22 year old me to start my retirement account right out of college.
I'm not sure how it works if your ESOP is for publicly traded stock.

[mommyatty]

I would ask what the average value has been over the past 5 years for this salary band and what the target is.

[helenahhandbasket]

Mar 10, 2017 10:29:02 GMT -5 mommyatty said:

I would ask what the average value has been over the past 5 years for this salary band and what the target is.

Thank you, I will tell him to ask this. He's going to call later today with follow up questions.