Ball Corporation

Leading producer of metal and packaging products, aerospace technology.

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Headquarters:
10 Longs Peak Drive
Broomfield, CO 80021
Employees: 15,000
CEO: John Hayes
Stock Symbol: BLL

Website: http://www.ball.com

Career Site

Ball Corporation is a provider of metal packaging for beverages, foods and household products, and also aerospace and other technologies and services to commercial and governmental customers.

Ball Aerospace is based in Boulder, CO and employs approximately 2,800 engineers, scientists, technicians and support staff worldwide. Customers include NASA, the U.S. Department of Defense, NOAA and various aerospace prime contractors.

The company overall employs 15,000 people in over 90 locations worldwide.

In 2015, Ball reported total revenues of $8.0 billion, down from $8.6 billion, and net income of $302.9 million.

In January, the company announced it would acquire Wavefront Technologies for an undisclosed amount. Wavefront provides specialized engineering and software development services.

History

The company originally began when five Ball brothers started a new business in 1880 in Buffalo, NY. Two of the brothers, Frank and Edmund, borrowed $200 from their Uncle George, a minister, to go into business selling wood-jacketed tin containers to hold paint, varnishes and kerosene. They named their business the Wooden Jacket Can Company. Their product was so successful they expanded their line. Soon, the brothers had refined their original product to tin-jacketed, glass-lined containers.

In 1884, the renamed Ball Brothers Glass Manufacturing Company began manufacturing yet another new product - the home canning jar, which would one day make Ball a household name. The company is still best known by the public for its home canning jars, which it no longer makes. In 1887, the five Ball brothers - Edmund, Frank, George, Lucius and William - moved their business to Muncie, IN, to take advantage of a natural gas boom in the Midwest. Great quantities of natural gas were necessary to make glass. Ball acquired the first of several small glass companies in 1898, and printed the first Ball Blue Book - featuring home canning recipes and techniques - in 1909.

In 1956, Ball formed the Ball Brothers Research Corporation which is known today as Ball Aerospace & Technologies Corp.

Benefits

401(k) (Elective)
Maximum of 22% pre-tax contributions annually (via payroll deduction).
Eight investment options to choose from, funds managed by Vanguard.
401(k) PERFORMANCE SHARING MATCH PROGRAM
Based on company performance Ball Aerospace will match employee 401(k) contributions up to 4% of base pay.
ACCIDENTAL DEATH & DISMEMBERMENT (Elective) (Cost Varies)
Coverage available in increments of $10,000 up to a maximum of $500,000.
DENTAL INSURANCE BENEFITS (No additional cost)
Percentage Preventive Care 100%
Minor Restoration 80%
Major Restoration 50%
Deductibles
Maximum Plan: $50 Employee, $100 Family
Intermediate Plan: $100 Employee, $200 Family
Basic Plan: $150 Employee, $300 Family
DEPENDENT CARE REIMBURSEMENT ACCOUNT (DCRA)
A plan that enables you to pay for day care costs on a pre-tax basis.
DISABILITY
SHORT-TERM

Paid a percentage of salary based on service with the company for a period of time up to 26 weeks.
LONG-TERM
Effective 6 months after disability incurred. 60% of salary, up to $5,000/mo, paid until age 65; coordination with Social Security and other disability income.
EDUCATIONAL BENEFITS
- On-site training
- Seminars
- In-state tuition reimbursement
- Student loans
- Scholarship program (for dependents)
HOLIDAYS
New Year's Day
Memorial Day
Independence Day
Thanksgiving (Thursday and Friday)
Christmas
3 Floating Holidays
LONG-TERM CARE (Elective) (Cost Varies)
Provides long term custodial care for help with normal activities of daily living if needed. Also available for spouse, parents, and parents-in-laws. Portable monthly premium based on age of each individual at time of entrance of plan.

MEDICAL INSURANCE BENEFITS

HEALTH CARE REIMBURSEMENT ACCOUNT (HCRA)

HCRA enables pre-tax payment for medical/dental deductibles, non covered expenses and coinsurance.
RETIREMENT BENEFITS
Pension Plan
Noncontributory - Company funded
5-year vesting
STOCK BENEFITS
Employee Stock Purchase Plan (Elective)
Employee may purchase up to $500 per month.
Company match of 20%.
No minimum holding time.
Must have completed six consecutive months of service to participate.
Employee Stock Ownership Plan
Company matches 401(k) contributions at 50% to a maximum of $1,000 annually. Vesting at 20% per year in the company matched portion.
TERM LIFE (Cost Varies)
Up to 5 times your base salary to a maximum of $500,000.
TRAVEL ACCIDENT COVERAGE
Additional life coverage while on business travel provided. $100,000 or 5X salary up to $250,000.
VACATION
3 weeks annually with less than 10 years service.
4 weeks annually with greater than 10 years service.

Updated January 31, 2016