Retirement Benefits

Penmac Staffing is a premier provider of staffing and HR services.

Penmac Retirement Benefits


According to the National Center for Employee Ownership, Penmac Staffing is the largest employee-owned staffing company. What does this mean to you? For long-term, full-time Penmac associates, you may be eligible to participate in Penmac’s Employee Stock Ownership Plan (ESOP). Qualified employees have ownership in company stock, meaning you have a meaningful stake in the company. This could provide significant financial benefits when you reach retirement age. When Penmac succeeds, you benefit.

More information about the ESOP, including eligibility requirements is included in the following documents. Click to download.

ESOP Frequently Asked Questions

ESOP Summary Plan Document

ESOP Summary Annual Report

ESOP Beneficiary Designation Form

If you still have questions about ESOP after reading these documents, please call our Human Resources department at 417-616-6349 between 9:00 a.m. and 5:00 p.m. Central Time.

Plan participants may access their account information online at the Penmac ESOP Connection.

401(k) Retirement Savings Plan

The Penmac 401(k) Retirement Savings Plan allows you to save for retirement through tax-deferred payroll deductions. The Wall Street Journal says, “A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren’t paid until the money is withdrawn from the account.” With over 20 investment options, the Penmac 401(k) plan covers the full range of investment styles.

Plan entry dates are January 1 and July 1 of each year. You can participate in the 401(k) if you have completed 1 year of service with Penmac Staffing.

Click here to download the 401(k) Summary Plan Description for more details.
Click here to download the 401(k) Summary Annual Report.

Click here to download the 401(k) Investment Policy Statement.

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ESOP Quick Facts

  1. Penmac assets are held in a trust. Employees will be allocated shares in this trust for each year of service. Plan participants will receive an annual account statement.
  2. Generally, you will be fully vested in the ESOP after 3 years of continuous service in which you served at least 1000 hours in each of those years. Some exceptions may apply; see ESOP documents for more information.
  3. Penmac operations and management remain unchanged by the implementation of the ESOP in 2010.

Health Benefits

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