The Northwest Chapter of the Employee Stock Ownership Plan (ESOP) Association has selected Parametrix as the 2019 Company of the Year. The Northwest Chapter is made up of more than 133 ESOP companies in Washington, Oregon, Alaska, Idaho, Montana, and Wyoming.
A committee reviews applications and presents the award to “an ESOP company that demonstrates commitment to employee ownership and its success in maximizing the benefits of the ESOP, regardless of company size or maturity of the ESOP,” according to The ESOP Association. The winner is typically announced during the chapter conference but due to the COVID-19 pandemic the conference did not take place this year.
“When you mention Parametrix in our industry, the word ESOP is often used in the first couple of sentences. You often hear that there is something in the water at Parametrix. We believe that special something is a culture of employee ownership,” said Parametrix’s internal ESOP Trustees in the award submittal.
Through the ESOP, Parametrix has offered generous contribution margins to its employee-owners, which have resulted in retirement benefit levels averaging around 200% of the industry average over the last 10 years. Company financial data is made available to all employee-owners and each year the company holds an event to announce the share value.
Parametrix has been a member of The ESOP Association since 1992 when the firm became employee owned. In 2001, they were named The ESOP Association’s National Company of the Year. Parametrix’s co-founder, Waite Dalrymple, served as the Chair of the Employee Ownership Foundation from 2003 to 2007. In 2007, he was awarded The ESOP Association’s Lifetime Service Award.
Parametrix will go on to represent the Northwest Chapter in the ESOP Association’s national conference, the time and place of which are to be determined.
Parametrix is a 100-percent employee-owned firm providing inspired solutions in engineering, planning, and environmental sciences. We are comprised of 500 employee-owners serving our clients from locations in Washington, Oregon, Idaho, Utah, New Mexico, and Nevada. Parametrix has been named one of Washington and Oregon’s 100 Best Companies to Work for.
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