by: The National Center for Employee Ownership
Source: The National Center for Employee Ownership
With over $99 billion in assets and operation in ten states, Fifth Third Bank is one of the nation's largest banks and offers one of the most comprehensive wealth-building programs in the industry.
A public company based in Cincinnati, Ohio, Fifth Third offers ownership to every one of its employees—from tellers to treasury officers, parking lot security guards to senior vice presidents. 'Part of the Fifth Third culture is to push equity down to all levels of employees,' says Neil Barber, Fifth Third vice president and compensation manager. The bank has a non-qualified employee stock purchase plan (ESPP), meaning it foregoes the tax benefits of a qualified plan in exchange for maximum flexibility in administration and plan design.
Link: Fifth Third Bank
Publication Date: 2007-09-01