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Penmac Staffing is a premier provider of staffing and HR services.
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.
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.
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 Taxes aren’t paid until the money is withdrawn from the account.”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.
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