Two Retirement Plans
What makes Jasper Engines & Transmissions unique?
How many other companies offer not one, but TWO Retirement Plans to help you Own Your Future!!!
Employee Stock Ownership Plan (ESOP)
JASPER is a 100% Associate-Owned company. As such, we are proud to offer Associate-Owners our Employee Stock Ownership Plan (ESOP). With our ESOP plan, simply by being a JASPER Associate-Owner, you will automatically receive shares of stock FREE! The value of your account is directly related to JASPER’s success. As JASPER’s profits grow, so does your account! As you can see below, our stock price has sky-rocketed over the past 5 years… and who wouldn’t want to be a part of that!
With JASPER’s 401K plan, you can make a contribution of up to 75% of your weekly pay. JASPER then matches your contribution 50 cents on the dollar up to $6,000. That means you can receive as much as $3,000 extra into your account each year! Also, JASPER accepts rollovers from other qualified plans.
Most importantly, since its inception, our 401K has outperformed more than 90% of the stock market!
“As a young Associate-Owner of JASPER, knowing I can invest in my Retirement is huge! By starting early in my career, I am ensuring that the future after my working career has ended will be what I want it to be…and more! Also, as I see the value of my ESOP shares grow, it makes me realize that just coming to work and doing my best can create a bright future for me!”