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WinCo Foods, Inc. is a privately held, majority employee-owned [ 5 ][ 6 ][ 7 ] American supermarket chain based in Boise, Idaho, with retail stores in Arizona, California, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, [ 8 ] Utah, and Washington. It was founded in 1967 as a no-frills warehouse-style store with low prices.
In the fiscal year 2009, Hy-Vee had sales exceeding $6.3 billion; at the time, it was the second-largest employee-owned company in the United States and ranked by Forbes magazine the 48th-largest privately owned company in the country. [15] More than 55,000 employees worked in the Hy-Vee family in 2009. By the end of 2009, there were 228 stores.
Employee ownership takes different forms and one form may predominate in a particular country. For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). [2] An ESOP is an employee-owner method that provides a company's workforce
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An Employee Stock Ownership Plan (ESOP) in the United States is a defined contribution plan, a form of retirement plan as defined by 4975 (e) (7)of IRS codes, which became a qualified retirement plan in 1974. [1][2] It is one of the methods of employee participation in corporate ownership. According to an analysis of data provided by the United ...
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Beginning. In 1883, 23-year-old Bernard Kroger, the fifth of ten children of German immigrants, invested his life savings of $372 (equivalent to $12,164 in 2023) to open a grocery store at 66 Pearl Street in downtown Cincinnati. [21] The son of a merchant, he ran his business with a simple motto: "Be particular.
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