For the second consecutive year, the financial-services firm Edward Jones received the No. 1 ranking by FORTUNE magazine in its annual listing of the “100 Best Companies to Work For” in America.

The ranking appeared in the magazine’s Jan. 20 edition.

In naming Edward Jones to the top spot for the second consecutive year, FORTUNE’s editors cite the firm’s profit-sharing program and significant employee ownership; 25 percent of associates are owners.

“With no layoffs this past year, it has highly credible management that stays in constant touch with staff coupled with fantastic training, on which it spends 3 percent of payroll and an average of 149 hours per employee per year,” according to the magazine.

“Making it to the top of such a distinguished list is quite an accomplishment,” said John Bachmann, managing partner of Edward Jones. “We are especially proud of this achievement because it is, in large part, the result of how associates view Edward Jones. Except for our clients, there is no group whose approval matters more.”

The FORTUNE “100 Best Companies to Work For” ranking is employee-driven, with two-thirds of the scoring based upon how randomly-selected employees respond to an anonymous survey designed to measure the quality of workplace culture. The remainder of the score is based on an in-depth analysis of the company’s benefits and practices.