Employee Stock Ownership Plan (ESOP) Overview
What is an ESOP?
An ESOP, or employee stock ownership plan, is a retirement plan for eligible employees that is funded solely by Polaris. The plan is funded annually in the form of Polaris common stock, which can be cashed out later by the employee with a distribution. In addition, you will also receive a portion of the Polaris profits called dividends.
The ESOP provides an opportunity to share in the growth as an owner of the company. Employees contribute nothing!
Summary of the Benefits of ESOP Ownership
- Polaris funds all contributions
- Receive rewards for Polaris’ long-term financial success
- Company stock is held in a trust
- Tax-deferred benefit
- Receive dividends along with shareholders
- Additional source of retirement income
Polaris stands apart from the competition
Polaris offers an ESOP program that provides employer funding. You work hard for us; we aim to provide vehicles that will work hard for you!