One JMT, Our JMT
Our Ownership Philosophy
Why ESOP?
Since the 1990’s, there was a vision from our senior leadership to put the ownership in the hands of our employees vs. just a few owners or selling to a third party. We wanted a way to retain and reward our talented staff. One of the programs available to accomplish this was to create an Employee Stock Ownership Plan or ESOP. And that’s what we did, our ESOP was created in 1999.
What is an ESOP?
An ESOP is a qualified retirement plan that is funded entirely by JMT. There are many financial benefits to JMT and our owners through being an ESOP, but the most important differentiator of working for an employee-owned company is the culture. Our culture is built around allowing employees to feel empowered to take initiative, create opportunities, and feel a sense of contribution to the success of the firm. As owners, we “Treat it like it’s your own” and we are rewarded, financially, through the ESOP with the profits being shared annually.
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America’s Largest Majority Employee-Owned A/E Firms National Center for Employee Ownership (NCEO)
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Years of Employee
Ownership
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America’s Largest Majority Employee-Owned Companies National Center for Employee Ownership (NCEO)
JMT employees contribute nothing to their ESOP accounts.
Our ESOP is funded entirely by company assets, ensuring that all employees benefit from its growth.
As a 100% employee-owned company, JMT operates federal income tax-free.
This is not a loophole, but rather a tax incentive created by Congress to promote employee ownership and the success of ESOPs.
No single individual owns more than 1% of the company.
There are no outside investors, meaning all profits are shared among the employee owners, not just a select few. We all benefit from shared success!