• Employee Stock Ownership Plan (ESOP)
• Defined Benefit Contribution Pension Plan
• Stock Option Plan for Salary Employees
• Medical and Dental Benefit Plans
• Short-Term and Long-Term Disability Plans
• Group Term Life Insurance Plan
• Cost of Living Adjustments (COLA)
• Workers' Compensation Program
• Discretionary Bonus Plan
• Paid Vacation Plan
• Paid Holidays
• Educational Assistance Program
• Annual Flu Vaccinations
• Employee Gym

Employee Stock Ownership Plan (ESOP)

AGM's ESOP is the heart of AGM Management's efforts to foster a positive employee culture at AGM. Once an AGM employee meets all of AGM's ESOP eligibility requirements, then he/she becomes an owner of AGM stock, enabling the employee to build a significant ownership stake in AGM over the ensuing years.

AGM's employees are taught in several ways to think like owners.  For example, AGM's President writes an extensive monthly Company Status Report that is shared with all employees.  This report provides employees with information and knowledge that helps the employee to make daily decisions that can positively impact the company's future.

AGM believes that educating employee owners on ownership issues gives our employees a better sense of AGM's business operations.  AGM's ESOP education emphasizes individual responsibility and how the actions of one person can make a difference.  By sharing financial information with our employees, AGM develops employees who don't just think like employees.  We develop employees who think like owners.

AGM's ESOP is one of two retirement plans provided to all eligible employees.  The other plan is AGM's Defined Benefit Pension Plan.  The fact that AGM offers two retirement plans makes AGM somewhat unique, as very few small companies are able to offer their employees one retirement plan, let alone two.

Defined Benefit Pension Plan

AGM provides a Defined Benefit Pension Plan to all eligible employees.  AGM believes that offering a traditional pension plan, which is 100% funded by the company, is in the best interest of our employees.

AGM's Defined Benefit Pension Plan is one of two retirement plans provided to all eligible employees. The other plan is AGM's Employee Stock Ownership Plan (ESOP).

Medical and Dental Benefit Plans

AGM offers a Medical and a Dental Benefit Plan to all eligible employees.  AGM currently pays approximately 75% of the insurance premiums for the Medical and Dental Benefit Plans. The Medical Benefit Plan also includes a benefit for qualifying vision care expenses.  Finally, eligible employees may include their family members in the medical and dental benefits coverage.

Short-Term Disability and Long-Term Disability Plans

As a benefit to AGM's workers in connection with their off-the-job illnesses or injuries, AGM offers a short-term and a long-term disability benefit package to all eligible employees.  These plans provide a compensation benefit that reduces the financial impact on an employee during his/her disability- related absences from work at AGM.

Group Term Life Insurance Plan

AGM offers a Group Term Life Insurance Plan to all eligible employees.  The amount of the group term life insurance coverage is equal to 1.8 times the employee's annual wage or salary. The maximum amount of coverage is $100,000.

Workers' Compensation Program

As required by Arizona Law, AGM has a Workers' Compensation Program for all eligible employees.

AGM's Discretionary Bonus Plan

To recognize the contributions that employees make to AGM's financial success and to foster a spirit of pride and ownership in the company, AGM offers up to five Discretionary bonuses per year to all eligible employees. AGM's Discretionary Bonus is only paid if 1) AGM makes a profit; and 2) AGM's President authorizes the Discretionary Bonus.

Paid Vacation Plan

AGM provides eligible employees two to four weeks of paid vacation a year.  The amount of an eligible employee's annual vacation depends upon the employee's length of service at AGM.

Paid Holidays

Eligible AGM employees receive eight paid holidays per year.

Educational Assistance Program

To encourage every eligible AGM employee's career growth and self-development, AGM offers an Educational Assistance Program. The program provides approved financial assistance to an eligible employee to help defray the costs of tuition and certain related educational expenses associated with classes taken at Pima Community College, the University of Arizona, the University of Phoenix, or any other company-approved educational institution.

Courses eligible for reimbursement under AGM's Educational Assistance Program must be either 1) job related; 2) designed to prepare the employee for an upgraded job position at AGM; or 3) part of a plan to achieve an undergraduate or graduate college degree.  Furthermore, to quote AGM's Educational Assistance Program Policy, "Management encourages all eligible employees to
enhance their future employability, at AGM or elsewhere, by availing themselves of AGM's Educational Assistance Program."

As an incentive to the employee for good classroom performance, the amount of AGM's reimbursement for tuition and related coursework expenses depends upon the letter grade received by the eligible employee, up to a maximum of 100% of the eligible tuition and related coursework expenses. Furthermore, if an hourly or salary employee completes a course that Management has predetermined is directly related to the performance of the employee's current job at AGM, and he/she receives a grade of "B" or better, then AGM considers this information during the employees next performance and wage or salary review.

Annual Flu Vaccinations

In order to assist our employees to maintain good health, AGM provides free annual flu vaccinations to all interested employees.  In addition, employees' family members can obtain flu vaccinations at AGM for a nominal fee.

Employee Gym

AGM's employee gym includes some of the latest exercise equipment, including the newest treadmills, Bowflex, elliptical and rowing machines.

Disclaimer: Information in regard to the various employee benefits at AGM is subject to change.  The benefit information provided on this web site is not intended to be all-inclusive and may not be fully current.  For further information in regard to any AGM employee benefit programs or plans, as well as other company-related issues, please contact AGM's Human Resources Department.