Employee Ownership
Employee Ownership at Big G Express gives you the opportunity to earn money for your future while providing for you and your family today. The ESOP is a FREE retirement plan with no money out of your pocket.
Learn More About Employee OwnershipLive Big. Earn Big.
IKE Transportation joined the Big G Express family on June 1, 2016. As a subsidiary of 100% Employee Owned Big G Express, IKE employees participate in the Employee Stock Ownership Plan (ESOP) and share in the future success of the company.
How The ESOP Works:
Big G Stock Prices
ESOP Valuation -
Privately Held
read moreBig G Express/IKE Transportation is still privately held and not publicly traded. Our stock value is determined by an independent valuation firm annually. Our value is based on the "fair market value" of IKE Transportation, or what a willing buyer would pay for our company at that time.
How You
Earn Shares
read moreShares are allocated to eligible participants annually based on their years of service and compensation. Employees do not pay for shares. In fact, the plan does not allow anyone to purchase shares - they are all earned by working at IKE Transportation.
Annual ESOP
Statements
read moreOur ESOP administrator will mail participant statements each year around June or July. The statement will be "as of the end of the prior calendar year" and include the number of shares in the participant retirement account and the value of the stock for that year. We announce our stock price at our Annual ESOP Meeting each summer.
ESOP Distributions -
When you get $$
read moreESOP Distributions are paid by the end of the calendar year following the year a participant terminates employment at IKE Transportation. Our current distribution plan pays a lump sum if a participant is 65 years or older, upon death or 100% disability. If a participant is less than age 65 when they separate, the ESOP balance is paid 1/5th over five years.
Real People Real Money
Here are a few examples of driver account balances over the last three years:
Hire Date
May 2009
2021 Balance
$149,882.50
2022 Balance
$174,974.05
2023 Balance
$217,084.40
Hire Date
april 2013
2021 Balance
$105,322.97
2022 Balance
$127,753.74
2023 Balance
$163,509.29
Hire Date
April 2017
2021 Balance
$49,265.55
2022 Balance
$64,234.10
2020 Balance
$88,495.59
Hire Date
August 2020
2021 Balance
$0
2022 Balance
$9,673.69
2023 Balance
$24,372.34
Latest Employee Ownership News
Annual ESOP Stock Price Announcement for 2023
Welcome back to our annual ESOP stock price announcement. [read more]
Toys for Tots Donations
Our Toys for Tots Donations have been pouring in and it is super amazing the support that everyone has shown. Friday December 11,2020 is the last day to drop off toys and get them. Thank you for all the donations. [read more]
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