- What is it?
The MPD, Inc. ESOP, like over
11,000 other ESOP companies nationwide, provides a way for
its employees to have a "beneficial" ownership in
the Company. Each year, ESOP stock is allocated to employee
participant accounts. A value is established for the stock and that
value is dependent on the overall success of the business.
This way, the efforts of each employee can have a direct
and lasting effect on his/her own future benefits.
Pictured are MPD, Inc.'s first three AACE
MPD, Inc. is a member of The ESOP Association
and has been recognized for its efforts in communicating the
ESOP concept to its employees and educating them on its value.
Over the past five years, MPD has won
four first-place awards in The ESOP Association's coveted
Annual Award for Communication Excellence (AACE) competition.
In 2001, MPD,
Inc. received the Group Excellence Award by The ESOP Association's
Ohio/Kentucky Chapter and in 2002 it was honored as Company of the
Year by the Ohio/Kentucky Chapter.
Chapter ESOP awards.
MPD, Inc. employees attend a variety
of regional and national workshops, seminars and conferences
throughout the year to stay abreast of issues that affect
the ESOP or learn new information about administrative and
In addition, several employees have spoken
at regional and national ESOP programs.
|The MPD, Inc.
ESOP Participants' Committee.
Responsibility for educating employees
about the ESOP and communicating its value rests with a ten-member
committee called the ESOP Participants' Committee.
The committee sponsors a
Bag" Lunch where employees review the income statement,
discuss new products, recognize new employees and expand on
other ESOP and business issues.
|MPD, Inc. employees
learning about the company at a "Brown Bag" Lunch.
also presents a periodic program on "ESOP Basics"
to new hires, sponsors a secondary training program to other
employees, an Annual ESOP Participants' Meeting and special
events during Employee Ownership Month.
The committee employs a multitude of
other teaching tools including games, puzzles and newsletters
to name a few.
|MPD, Inc. employees
play a game to learn more about their ESOP.
A second committee - the MPD, Inc. ESOP
Administrative Committee ensures the ESOP is administered
in compliance with the plan document. Among other things,
this five-member committee reviews the annual allocation process
and approves benefit distributions.
|An MPD, Inc. employee
estimates his future ESOP account.
MPD, Inc.'s ESOP stock has increased significantly in value since 1997.
To illustrate the potential future value of the ESOP, an Excel-based
program was developed to project a participant's future ESOP
account, using certain assumptions. The Individual ESOP Account
Estimator has been a valuable tool in helping employees understand
the potential the ESOP may have in store for them.
To learn more about Employee Stock Ownership
Plans, click on the following:
or www.nceo.org or contact
any member of the MPD, Inc. ESOP Participants' Committee at