The Asbury Automotive Group (Duluth, GA) — a Fortune 500 company and one of the largest automotive retailers in the United States, with more than 80 dealerships — is rolling out new healthcare and stock ownership programs to attract and retain frontline people in its fixed operations and sales operations.
Starting this year, Asbury will pay the weekly employee healthcare premium for the base health plan option on behalf of eligible A-level and B-level technicians, body shop technicians, painters and foremen. The company’s base health plan payment can be applied toward other health plans that the company offers. Eligible sales advisors, service advisors and body shop estimators are offered the same opportunity.
Additionally, A-level and B-level technicians, sales and service advisors, body shop technicians, painters and estimators — with at least one year of tenure — are eligible to earn an equity grant if they reach individual performance targets. The awards are expected to be made in the form of restricted stock units and will vest on a three-year schedule.
Asbury common stock is publicly traded on the New York Stock Exchange.