An ESOP (Employee Stock Ownership Plan) is a retirement benefit plan that provides shareholder value to employees at no cost to the employee.
Penn Line prides itself on the value it assigns to its people and recognizes that the people are what make Penn Line culture what it is today. It makes sense that a company so focused on its people would want to give back and help provide for their future. The company contributes to the ESOP on a yearly basis, while employees contribute nothing.
With an ESOP, everyone has a stake in the success of the company. Employees understand that a win for the company is a win for themselves and will provide the necessary knowledge and support to each other to guarantee goals are achieved. Team effort at its finest!