JM Family Enterprises Reaches 10-Year Milestone on Fortune's "100 Best Companies to Work For" List

Business Wire, Jan 22, 2008

DEERFIELD BEACH, Fla. -- Diversified automotive company JM Family Enterprises, Inc. (JM Family) (www.jmfamily.com) has ranked No. 23 on FORTUNE magazine's list of America's "100 Best Companies to Work For," marking its 10th consecutive year on the list. JM Family's ranking as No. 23 is up 18 spots from No. 41 last year. It continues to be the highest-ranked company headquartered in Florida and the leading automotive company. JM Family is also one of eight companies featured in the "Best Places to Work...and Play" article, and one of five highlighted as a "Social Standout" company.

"Our associates deserve all the credit for helping JM Family achieve placement on this distinguished list for a decade. As our company has grown over the past 10 years, we have continued to embrace our founder's philosophy that associates are our most important asset," said Colin Brown, president and CEO, JM Family Enterprises. "Jim Moran created a world-class company where our associates always come first, and he would have been very pleased in knowing we are continuing his legacy. We are honored by this recognition and congratulate all other companies that made the list this year as well."

This is the fourth year that FORTUNE has subdivided the list by company size: large, medium-sized, and small - with JM Family ranked No. 6 among medium-sized companies with between 2,500 to 10,000 U.S. employees.

Since JM Family's inception in 1968, it has been steadfast in maintaining a world-class work/life environment that offers competitive salaries and outstanding benefits for associates and their families. JM Family offers an array of unique benefits and work/life advantages which vary by location, including:

* On-site medical centers with full-time physicians, nurses, physical therapist, dietician/nutritionist, and part-time gynecologist

* After-hours urgent care center coverage

* Free prescriptions and flu shots

* Free cervical cancer vaccine to female associates and dependents

* Free annual mammograms and prostate exams for associates and spouses

* On-site childcare

* Toyota, Scion and Lexus discount associate purchase programs

* Cafes open for breakfast, lunch, and take-home dinners

* Salon services with free haircuts and manicures

* Fitness centers

* 401(k) plan, profit sharing plan, retirement plan and medical plan retiree option

* Tuition assistance and advance tuition reimbursement

Complete rankings and accompanying stories will appear in the February 4, 2008 issue of FORTUNE, available on newsstands the week of January 28, 2008. To review the list online, visit www.fortune.com.

How the 100 Best are Picked

To choose the "100 Best Companies to Work For," FORTUNE relies on two things: an evaluation of the policies and culture of each company and the opinions of the company's own employees. The latter is given more weight: two-thirds of the total score comes from employee responses to a 57-question survey created by the Great Place to Work Institute (GPTWI) in San Francisco. The survey goes to a minimum of 400 randomly selected employees from each company and asks about attitudes toward management, job satisfaction, and camaraderie. The remaining third of the score comes from an evaluation of each company's demographic makeup, pay and benefits programs, and the like. Companies are scored in four areas: credibility (communication to employees), respect (opportunities and benefits), fairness (compensation, diversity), and pride/camaraderie (philanthropy, celebrations). About 1,500 companies contacted the GPTWI or were recruited to participate; of them, 406 finished the extensive survey process. Any company that is at least seven years old with more than 1,000 U.S. employees is eligible.

About JM Family Enterprises, Inc.

JM Family Enterprises, Inc. (JM Family) (www.jmfamily.com) is an $11.1 billion diversified automotive company ranked by Forbes as the 22nd-largest privately held company in the U.S. It is currently ranked by FORTUNE[R] as one of the 100 Best Companies to Work For, its 10th consecutive year on the list. It has also appeared on the InformationWeek 500 list of leading technology innovators for five consecutive years [2003-2007]. The company's primary subsidiaries and divisions include: Southeast Toyota Distributors, LLC, the world's largest independent distributor of Toyota and Scion vehicles; World Omni Financial Corp., a diversified financial services company; JM&A Group, one of the largest independent insurance and extended warranty groups of companies in the U.S.; JM Service Center LLC, the company's internal shared services center; JM Lexus, the largest volume Lexus dealership in the world; and JMsolutions, a dealer-focused technology products and services company. Headquartered in Deerfield Beach, Fla., JM Family has major operations in Jacksonville and Margate, Fla.; Commerce and Alpharetta, Ga.; Mobile, Ala.; and St. Louis, Mo.