Associate Stock Purchase Plan

The Associate Stock Purchase Plan (ASPP) allows you to own a part of the company and support your financial goals at the same time! Through payroll deductions, you can purchase company stock at a 15% discount twice a year.

Participation in the plan is optional. You’re eligible if you have been employed for six consecutive months. You can contribute up to 10% of your eligible compensation to ASPP share purchases.

The ASPP includes two Offering Periods per year, this is when contributions are collected to purchase shares. Here’s how the ASPP works:

  • Enrollment Window. Window for your first election or any changes in your election for the upcoming Offering Period must be made in your Shareworks account.
  • Offering Date. Start of the Offering Period. Payroll contributions for ASPP share purchases begin to accumulate.
  • Purchase Date. End of the Offering Period and date shares are purchased. At the end of the six-month Offering Period, your accumulated payroll contributions are used to purchase whole shares of company stock. Any remaining contributions will be rolled into the next Offering Period.

There are two types of limits for the ASPP:

  • IRS Limits. For each calendar year in which the purchase period is in effect, the IRS limits your ASPP purchases to a maximum of $25,000 per calendar year. The limit is based on the FMV of the shares on the offering date (before the 15% discount).
  • Share Purchase Limits. The maximum number of shares of common stock that you can purchase on any single purchase date is 1,000 shares.

How to Enroll

Follow these steps to enroll:

  1. Log in to your Shareworks account at atwork.morganstanley.com to elect or adjust your contribution percentage for payroll deductions.
  2. You can elect to contribute between 1 and 10% of your eligible compensation.
  3. Unless changed by you, enrollment will roll over to each offering period. New hires or currently unenrolled associates will be eligible to enroll, during an enrollment window, prior to any new purchase periods.

Learn More

For more details about the ASPP, see the ASPP Basics.

Want to understand your benefits?

Review the Resources page to learn more.

View Resources