TMC employee owned company?

TMC is an ESOP company as stated above. Employees own either 49 or 51%. I can’t remember which. Harold the owner owns on of the other 2. When he dies, all his shares are divided among current esop shares essentially doubling employee shares.

I left in 2018 fully vested. I only got 48k

 

Is that always paid out in cash or can you roll it into a different retirement account?

 

When I left I had to wait one year to access it. It is in another investment company called Newport Group

I was able to move it all into an IRA

 

If the employees had the majority they wouldn’t be rolling at 62..

 

How many years did you work for them?

 

TMC is an employee owned company.

Just like

The United States is a free country.


TMC rolls at 62 and hand polishes their trucks under orders from management, the USA is currently cowering under quarantine orders.

 

8. Only 3 years on ESOP. They started in 2015 I think. They counted vested years retro