EMPLOYEE STOCK OWNERSHIP PLAN
Both the Bane and Welker families are committed to keeping the legacy alive while looking forward to the future. In January 2018, Bane-Welker Equipment, one of the Midwest region's largest Case IH Dealers, announced that it is 100% employee owned company through an Employee Stock Ownership Plan (ESOP) Trust.
An ESOP is an employee benefit plan, which provides company stock to employees as part of their retirement benefit plan. By becoming 100% employee owned, all company stock is now held in a trust by the ESOP.
WHAT BEING EMPLOYEE OWNED MEANS TO OUR EMPLOYEES
COMMON QUESTIONS
When are you fully vested?
You are fully vested after six years of working from Bane-Welker Equipment. You can also be fully vested before 6 years if you become permanently disabled, you hit the retirement age of 65, or pass away.
How are shares distributed to employees?
Shares are allocated by an employee’s yearly income. Your shares are directly correlated with how much gross earnings you receive in one year.
Do we have a beneficiary with this ESOP?
Yes, your beneficiary was established during the ESOP orientation or your new hire benefits orientation.
ESOP MONTH 2021
Wilmington, OH
Had a cook-out to celebrate.
Winamac, IN
Pizza, Donuts, and matching shirts.
Lebanon, IN
Bags tournament & Ax Throwing made for a fun evening.
Georgetown, OH
Had a cook-out to celebrate.
Crawfordsville, IN
Custom cookies, donuts, and a food truck made the festivities fun!