STERLING, Va. (September 29, 2020)–Despite the economic downturn, JK Moving Services, the nation’s largest independently owned and operated moving company, made a significant investment in the long-term future of its employees. This month, the company distributed nearly $2 million into eligible employees’ 401K accounts as part of its profit-sharing program and in keeping with the company’s values of care and respect. This is the second-highest annual amount contributed to the program in the company’s history. Over the lifetime of the program, JK Moving Services has disbursed more than $25 million into eligible employees’ accounts.
“I saw how hard it was for my parents to save for retirement. When I started JK, I wanted to help my employees have an opportunity to build wealth and afford to retire. Our employees commit to us and our customers, and our profit-sharing programs are part of our commitment to them,” explained Chuck Kuhn, founder and CEO, JK Moving. “This year, it took longer to become profitable, but with sacrifices and hard work across the enterprise, we are again thriving.”
Made during the same month as National 401K Day—a national day marking the importance of retirement programs, JK’s annual investment represents 5.5% of annual salary for eligible employees. This breaks down to 3% into the safe harbor 401K program and another 2.5% from the profit-sharing component. JK was able to continue this commitment by taking measures early on during the pandemic to cut costs and manage expenses, including members of the executive team taking a pay cut.
JK is committed to attracting and retaining the very best employees and provides its team members with ongoing career development and a path for advancement. The company also offers a formal Wellness Program; competitive compensation; a generous safe harbor 401(k) and company-paid profit-sharing program; tuition reimbursement; paid time off; an Employee Assistance Program; comprehensive medical, dental vision, and ancillary benefit coverages; bonus incentives; and employee volunteer opportunities—including the JK Community Farm, which is supported by JK Moving and grows and donates fresh produce and protein to the area’s food insecure.
JK, along with its sister company CapRelo, employs nearly 1,100 people—a majority of which live in the Washington, DC metropolitan region. The company expects to expand its workforce in 2021 to handle demand and in anticipation of opening a Prince William County location. The company has won numerous awards, including being recognized by the Washington Business Journal as a Best Place to Work and Top Corporate Philanthropist.