100% EMPLOYEE OWNED
Sharing the rewards while providing for the future.
About Our ESOP Benefits:
PREMIER has always been a privately held company with a strong commitment to its employees. In 2014, PREMIER continued its long history of ensuring employees share in the growth and prosperity of the company by becoming a 100% employee owned company through a new Employee Stock Ownership Plan (ESOP).
Through the ESOP, the company buys stock on behalf of eligible employees, allowing them to share in the company's success while providing an opportunity to build retirement savings few companies can match.
What is an ESOP?
An Employee Stock Ownership Plan (ESOP) is a tax-qualified employee benefit plan that turns employees into stockholders.
All full-time employees over age 21 and with at least 6 months of service participate in the plan.
At the end of each year, PREMIER makes a contribution to the ESOP. This contribution is distributed among the eligible employees in the form of shares of company stock.
Over time an employee's account can grow with company contributions and stock appreciation at no cost to the employee.
After employee(s) retires or exits the company their stock is repurchased and the employee receives the proceeds.
*Detailed plan provisions including eligibility, vesting, and redemption are governed by the PREMIER System Integrators, Inc.™ Employee Stock Ownership Plan document.