The person(s) aparticipant hasdesignated toreceive theirbenefits in thecase of theirdeath. An individual that isrequired under law toact prudently andsolely in the bestinterest of the planparticipants in regardsto the retirement plan(ESOP)Number of hours aeligible employeemust work duringa plan year for it tobe considered a"Year of Service"under the ESOP. The ability of aneligible activeparticipant to electto move a portion oftheir ESOP balanceo a differentretirement account. The yearLoftnessESOP wascreated.  Consists ofindividuals who areresponsible for thebusiness strategyand direction of thecompany andExecutive Team. The independentFinancial Advisorthat Loftness usesfor the Valuationprocess.  Stock that has beenassigned to aspecific participantaccount and is partof their personalretirementaccount. Individual orinstitution withauthority to vote onbehalf of the stockshare owners, andhas discretion overESOP plan assets. Employee StockOwnership Plan. Aqualifiedretirement planthat is designed toprimarily invest incompany stock. The process ofLoftness contributingESOP stock sharesto eligibleparticipants,increasing theirpersonal ESOPaccount balance.How long do youneed to beemployed tobecome an activeparticipant inESOP  The process of aneligible participantreceiving cashpayment(s) from theirESOP account.   A unit ofownership inthe corporation.   The profit we madefrom revenue, afterwe paid allexpenses, includematerials, labor,building officesupplies, etc.The organizationthat manages theindividualparticipant ESOPaccounts,including accountstatements. This individualor institution isa Fiduciary forthe plan   The act or processof determining thevalue of abusiness andsetting the stockshare price.  The price of theproducts/ serviceswe have sold.    This type ofcorporation isgenerally exemptfrom federalcorporate incometaxes, increasing thecompany's netincome. The person(s) aparticipant hasdesignated toreceive theirbenefits in thecase of theirdeath. An individual that isrequired under law toact prudently andsolely in the bestinterest of the planparticipants in regardsto the retirement plan(ESOP)Number of hours aeligible employeemust work duringa plan year for it tobe considered a"Year of Service"under the ESOP. The ability of aneligible activeparticipant to electto move a portion oftheir ESOP balanceo a differentretirement account. The yearLoftnessESOP wascreated.  Consists ofindividuals who areresponsible for thebusiness strategyand direction of thecompany andExecutive Team. The independentFinancial Advisorthat Loftness usesfor the Valuationprocess.  Stock that has beenassigned to aspecific participantaccount and is partof their personalretirementaccount. Individual orinstitution withauthority to vote onbehalf of the stockshare owners, andhas discretion overESOP plan assets. Employee StockOwnership Plan. Aqualifiedretirement planthat is designed toprimarily invest incompany stock. The process ofLoftness contributingESOP stock sharesto eligibleparticipants,increasing theirpersonal ESOPaccount balance.How long do youneed to beemployed tobecome an activeparticipant inESOP  The process of aneligible participantreceiving cashpayment(s) from theirESOP account.   A unit ofownership inthe corporation.   The profit we madefrom revenue, afterwe paid allexpenses, includematerials, labor,building officesupplies, etc.The organizationthat manages theindividualparticipant ESOPaccounts,including accountstatements. This individualor institution isa Fiduciary forthe plan   The act or processof determining thevalue of abusiness andsetting the stockshare price.  The price of theproducts/ serviceswe have sold.    This type ofcorporation isgenerally exemptfrom federalcorporate incometaxes, increasing thecompany's netincome. 

ESOP BINGO - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. The person(s) a participant has designated to receive their benefits in the case of their death.
  2. An individual that is required under law to act prudently and solely in the best interest of the plan participants in regards to the retirement plan (ESOP)
  3. Number of hours a eligible employee must work during a plan year for it to be considered a "Year of Service" under the ESOP.
  4. The ability of an eligible active participant to elect to move a portion of their ESOP balance o a different retirement account.
  5. The year Loftness ESOP was created.
  6. Consists of individuals who are responsible for the business strategy and direction of the company and Executive Team.
  7. The independent Financial Advisor that Loftness uses for the Valuation process.
  8. Stock that has been assigned to a specific participant account and is part of their personal retirement account.
  9. Individual or institution with authority to vote on behalf of the stock share owners, and has discretion over ESOP plan assets.
  10. Employee Stock Ownership Plan. A qualified retirement plan that is designed to primarily invest in company stock.
  11. The process of Loftness contributing ESOP stock shares to eligible participants, increasing their personal ESOP account balance.
  12. How long do you need to be employed to become an active participant in ESOP
  13. The process of an eligible participant receiving cash payment(s) from their ESOP account.
  14. A unit of ownership in the corporation.
  15. The profit we made from revenue, after we paid all expenses, include materials, labor, building office supplies, etc.
  16. The organization that manages the individual participant ESOP accounts, including account statements.
  17. This individual or institution is a Fiduciary for the plan
  18. The act or process of determining the value of a business and setting the stock share price.
  19. The price of the products/ services we have sold.
  20. This type of corporation is generally exempt from federal corporate income taxes, increasing the company's net income.