64 employees reported this benefit
Parsons offers an internal employee stock program. The longer you stay with parsons the more you earn. You're not fully vested in the stock until after 6 years.
standard plan, nothing special about it
Company used to contribute at least 20% of salary towards your ESOP retirement plan. Been reduced to 8-10% due to competition and cost savings.
Retirement Plan is ok for now
the esop program is a great feature the company offers to help in retirement
Nice package. To bad I won't retire from parsons. Then again they may not be around.
ESOP, which can be great if the share price increases or a disaster if the company is run by morons and the stock price tanks.
You are given stock ownership and 401K matching which are great but you cannot touch them before your retirement which sucks!!!!!
Good options, through Wells Fargo
The retirement plan is the Employee Stock Ownership Plan - it seems to be a draw for many employees, especially those who have been with Parsons for most of their careers. However, benefits have been recently reduced, so it is not as attractive of a benefit to younger employees.