PARSONS, Kan. — Tank Connection became an employee stock ownership plan (ESOP) company in April.
“The management group at Tank Connection could not be more excited to roll out this next stage of company development,” said Bill Neighbors, founding partner and president of Tank Connection. “In essence, the company stock will be purchased and held in a trust where the employees are the beneficiaries. This additional retirement benefit holds extraordinary potential and further enhances the company’s 401(k), bonus and profit sharing programs that are already in place. The exciting part is the ESOP benefit comes with no out of pocket expense to our employees. As we move into the future, the focus of our employees won’t change, but the mindset of our team will be as employee owners.”
For more information, visit www.tankconnection.com or call (620) 423-3010.
