On April 29th, Jasper Holdings, Inc. (JHI) Chairman/CEO Doug Bawel announced that the Employee Stock Ownership Plan (ESOP), had a new all-time record price of $1,295.15 per share based on their performance and market conditions, up $171.25 per share.
This past year, they had an annual contribution of 15%, with the average contribution across JHI being 18% (including trust fund gain shares).
Currently a total of 3,419 active Associate-Shareholders and have distributed over $733 million of stock since the inception of the ESOP. 1,813, or 53% of Associate-Owners, have greater than $50,000 in stock, and 1,331, or 39% of Associate-Owners have greater than $100,000 in stock. Market capitalization stands in excess of $1.9 billion, a $246 million increase over 2023.
Highlighting these milestones, in 16 years JHI has become the 27th largest ESOP and is one of America’s top performing.
It was also reported in addition that their matching 401k retirement plan hit another all-time record, having over $327 million invested in a Fully Funded Trust Fund with a match of $7.0 Million in 2024.
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