Unitized Stock Fund
The company I work for (a large fortune 100) gives employees their 401K match, and an additional 3% of salary for retirement in company stock. Instead of really getting shares of the stock we get instead 'units' in what they call a 'unitized stock fund'. I"m not sure why they do this instead of actual shares of stock (and being the company skeptic I think it's probably not going to turn out to be in my best interest....) Anyone have any experience with this type of situation and care to offer opinion on why it's done this way, and how it's either better or worse for employees? The 'unitized' stock fund is managed by Fidelity.
"It's not what you don't know that can hurt you. It's what you think you know, that just ain't so" Satchel Paige