This type ofcorporation isgenerally exemptfrom federalcorporate incometaxes, increasing thecompany's netincomeAn individual that isrequired under law toact prudently adsoley in the bestinterest of the planparticipants in regardto the retirement plan(ESOP)The independentFinancial Advisorthat Loftnessuses for thevaluation processThe person(s) aparticipant hasdesignated toreceive theirbenefits in thecase of theirdeath.Stock that hasbeen assigned toa specificparticipant accountand is part of theirpersonalretirement accountConsists ofindividuals who areresponsible for thebusiness strategyand direction of thecompany andExecutive TeamThe yearLoftnessESOP wascreatedThe organizationthat managesthe individualparticipantESOP accountstatements.The profit we madefrom revenue, afterwe paid allexpenses, includematerials, labor,building officesupplies, etc.The price ofproducts/serviceswe have soldIndividual orinstitution withauthority to vote onbehalf of the stockshare owners, andhas discretion overESOP plan assets.Thisindividual orinstitution isa Fiduciaryfor the planEmployee StockOwnership Plan. Aqualifiedretirement planthat is designed toprimarily invest incompany stock.How long do youneed to beemployed tobecome an activeparticipant inESOPNumber of hours aneligible employeemust work during aplan year for it to beconsidered a "Yearof Service" underthe ESOPThe ability of aneligible activeparticipant to electto move a portion oftheir ESOP balanceto a differentretirement accountThis type ofcorporation isgenerally exemptfrom federalcorporate incometaxes, increasing thecompany's netincomeAn individual that isrequired under law toact prudently adsoley in the bestinterest of the planparticipants in regardto the retirement plan(ESOP)The independentFinancial Advisorthat Loftnessuses for thevaluation processThe person(s) aparticipant hasdesignated toreceive theirbenefits in thecase of theirdeath.Stock that hasbeen assigned toa specificparticipant accountand is part of theirpersonalretirement accountConsists ofindividuals who areresponsible for thebusiness strategyand direction of thecompany andExecutive TeamThe yearLoftnessESOP wascreatedThe organizationthat managesthe individualparticipantESOP accountstatements.The profit we madefrom revenue, afterwe paid allexpenses, includematerials, labor,building officesupplies, etc.The price ofproducts/serviceswe have soldIndividual orinstitution withauthority to vote onbehalf of the stockshare owners, andhas discretion overESOP plan assets.Thisindividual orinstitution isa Fiduciaryfor the planEmployee StockOwnership Plan. Aqualifiedretirement planthat is designed toprimarily invest incompany stock.How long do youneed to beemployed tobecome an activeparticipant inESOPNumber of hours aneligible employeemust work during aplan year for it to beconsidered a "Yearof Service" underthe ESOPThe ability of aneligible activeparticipant to electto move a portion oftheir ESOP balanceto a differentretirement account

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