JK Moving Invests Profits into Employees’ 401Ks

Despite the economic downturn, JK Moving Services this month made a significant investment in the long-term future of its employees, distributing nearly $2 million into eligible employees’ 401K accounts as part of its profit-sharing program.  

This was the second-highest annual amount contributed to the program in the company’s history. Over the lifetime of the program, the company 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,” stated founder and CEO Chuck Kuhn. “This year, it took longer to become profitable, but with sacrifices and hard work across the enterprise, we are again thriving.”

JK’s annual investment represents 5.5% of annual salary for eligible employees. That breakdowns 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 pay cuts.

JK, along with its sister company CapRelo, employs nearly 1,100 people and expects to expand its workforce next year to handle demand and in anticipation of opening a Prince William County location. 

3 thoughts on “JK Moving Invests Profits into Employees’ 401Ks

  • 2020-09-29 at 4:59 pm

    This gentleman, Chuck Kuhn, is amazing! Such a wonderful businessman who always looks out for his employees, his company and the county. I’ve used JK Moving for many services over the years for our corporation and his employees work ethics, professionalism and customer service are always consistent and excellent. A direct correlation to him.

    • 2020-09-30 at 7:50 am

      He is very magnanimous however, he does nothing that does not benefit him.
      i.e. the farms, the open space, etc. Then Westpark…

  • 2020-09-29 at 5:21 pm

    Nice story! Mr Kuhn is making Loudoun great again!

    I hope Loudoun doesn’t scare him and his company off….

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