F&S is an ESOP

We believe in rewarding the hard work and dedication of our team. That’s why we’re proud to be a 100% employee-owned company through our Employee Stock Ownership Plan (ESOP). As an ESOP participant, you’re not just an employee, you’re an owner, sharing in the company’s success and growth.

Your contributions drive our business forward, and through the ESOP, you directly benefit from that success. It’s more than a job; it’s a stake in something bigger. Together, we’re building a stronger future, one mile at a time.

F&S is an ESOP

We believe in rewarding the hard work and dedication of our team. That’s why we’re proud to be a 100% employee-owned company through our Employee Stock Ownership Plan (ESOP). As an ESOP participant, you’re not just an employee, you’re an owner, sharing in the company’s success and growth.

Your contributions drive our business forward, and through the ESOP, you directly benefit from that success. It’s more than a job; it’s a stake in something bigger. Together, we’re building a stronger future, one mile at a time.

Frequently Asked Questions

What is an ESOP?

An ESOP is an Employee Stock Ownership Plan that provides a company’s workforce with an ownership interest in the company.

When am I eligible to enter the ESOP?

Employed as of December 31st, unless deceased or disabled
At least 21 years old
Paid for at least 1,000 hours of work (not including paid time off)

Are Independent Contractors eligible to participate in the ESOP?

No. Only employees of the company are eligible to participate.

When will I find out how many shares I get?

A letter is sent out in early fall each year for the prior year.

How much company stock will I receive?

Based upon your W-2 wages as the percentage of the total eligible W-2 wages of the company and your time in the plan.

How is the value determined?

The plan is audited each year.
The plan Trustee hires an independent valuation firm to provide a range of the value of the company.
The Trustee then determines the value per share of each share of stock.

What is a Trustee?

The ESOP is managed by a Trustee. The Trustee is legally obligated to protect the interests of the ESOP participants.

Vesting is the portion of your account that belongs to you and cannot be forfeited. Each year you work at Fraley and Schilling, you become more vested in your ESOP account. Vesting is measured from the day you start participating in the ESOP.