As of March 2015, Parman Energy Group became an employee-owned company. This decision empowers the employees of Parman Energy Group like never before, offering a true sense of ownership and responsibility to every member of the team.
Benefits come in the form of an ESOP, which is a retirement account specifically for Parman Energy Group employees. The ESOP works much like a traditional 401(k), with a few notable exceptions. Instead of using employee contributions to deposit in the retirement plan, as is done with the 401(k), Parman Energy Group will make the contributions. These contributions are investments in company stock rather than investments across a wide range of companies. In an employee-owned company, every team member has an opportunity to get a piece of the pie!