“What is an ESOP?”
An ESOP is an Employee Stock Ownership Plan. It is a defined retirement plan that meets ERISA guidlines. Employees have an ownership allocation in the company through a stock trust. Although the option has been around for decades, it has recently been made even more attractive through legislation, offering more benefits to employees and companies, which in turn translate to benefits to the customer.
PMI became a 100% ESOP owned company June 30th, 2014.
Benefits to Companies
Employee ownership is known to increase production and profitability, and improve loyalty and dedication. This designed system of employee ownership instills the character of pride and the ownership mindset that helps drive our amazing teamwork.
Benefits to YOU
As part owners of the company, all team members share in PMI’s commitment to quality and customer satisfaction. By being personally invested in the company’s success, everyone at the company from the top down places the highest priority on responsiveness to customers, making sure that we are always available to answer any question and solve any problem.
Being an ESOP company also makes us sensitive to every challenge and problem that comes up for our clients. It makes us highly flexible and able to modify our workflow and process to ensure that the final product fits all the specifications of your project, no matter how unique.
Our team is trained and developed to show nothing but the highest level of integrity and professionalism. You will always have someone to help answer all your questions whenever you get in touch with us.
We operate as if we were an extended member of your team, which means your success is our success. Our ESOP status ensures that every aspect of our project and workflow will be designed for the benefit of your bottom line.
Precision Metal Industries is proud to be an ESOP company, giving you access and solutions to the highest quality products, made right here in America.
An ESOP is an Employee Stock Ownership Plan. It is a defined contribution plan that provides employees with an ownership interest in the company.
Employee ownership is known to increase production and profitability, and improve loyalty and dedication. This designed system of employee ownership instills the character of pride and the ownership mindset that helps drive our amazing teamwork.
As part owners of the company, all team members share in PMI’s commitment to quality and customer satisfaction.
Our team is trained and developed to show nothing but the highest level of integrity.
We operate as if we were an extended member of your team.