Employee Ownership
We are an ESOP (Employee Stock Ownership Plan) Company
Why ESOP?
As an employee-owned company, you become part of an ESOP culture that reinvests in you. We work hard to build our business and our legacy.
No action is required to join and there is no cost to you, whatsoever. The company makes all contributions to the ESOP.
A Vested Account
Vesting is the percentage of your ESOP account that is yours and cannot be taken back. The longer you stay with Palmer and Sicard, Inc., the more vested you become.
- Less than Two Years………0%
- Two Years……………………..20%
- Three Years……………………40%
- Four Years……………………..60%
- Five Years………………………80%
- Six Years………………………100%
How Palmer and Sicard’s Performance Affects Your Benefits
Your account value is a result of each person’s role in helping the company achieve success. The better we do, the more it benefits your ESOP account. Plus…*
- Wealth accumulation
- 2.5x greater retirement accounts
- Less likely to have layoffs
- 25% higher job growth
* Studies and history have shown these results. Results not guaranteed.
Payment of Benefits
Distribution of your vested balance begins in the year following separation from employment based on your retirement date, death, disability, or severance from employment.
“When I was a kid, I never really cared much about the people or places my parents worked with/at. When my daughter says things like ‘I love where you work’ or ‘I love the people you work with,’ I really enjoy that, and growth opportunities are endless.”
“I’m going into my 30th year, and I can’t imagine working anywhere else. I like working with my co-workers. They feel like a part of my family. I enjoy working in accounts payable/payroll and like the relationship that’s built with our vendors.”
“I love being part of such a hardworking and close-knit company like Palmer & Sicard. The opportunities to learn and grow are endless.”