Is Jasypt 1.9.2 compatible with Spring 4.3.8?

We are migrating an ant based spring 3.1 app to maven based spring 4.3.8. We are encrypting our property file entries with Jasypt 1.9.2. However, when the app is started, it throws

Caused by: org.springframework.beans.factory.CannotLoadBeanClassException: Cannot find class [org.jasypt.spring31.properties.EncryptablePropertyPlaceholderConfigurer] for bean with name 'propertyPlaceholderConfigurer' defined in ServletContext resource [/WEB-INF/applicationContext.xml]; nested exception is java.lang.ClassNotFoundException: org.jasypt.spring31.properties.EncryptablePropertyPlaceholderConfigurer

jasypt-1.9.2 and jasypt-spring31-1.9.2 jars are available under WEB-INF/lib folder. Below is the application context:

<?xml version="1.0" encoding="UTF-8"?>
<beans xmlns="http://www.springframework.org/schema/beans"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"   
    xmlns:context="http://www.springframework.org/schema/context"
    xmlns:mvc="http://www.springframework.org/schema/mvc"
    xmlns:aop="http://www.springframework.org/schema/aop"
    xsi:schemaLocation="
        http://www.springframework.org/schema/beans http://www.springframework.org/schema/beans/spring-beans.xsd
        http://www.springframework.org/schema/context http://www.springframework.org/schema/context/spring-context.xsd
        http://www.springframework.org/schema/mvc http://www.springframework.org/schema/mvc/spring-mvc.xsd
        http://www.springframework.org/schema/aop http://www.springframework.org/schema/aop/spring-aop.xsd">

    <mvc:annotation-driven />
    <mvc:resources mapping="*.html" location="/" />

    <context:component-scan base-package="com.xyz" />
     <bean id="propertyPlaceholderConfigurer"
      class="org.jasypt.spring31.properties.EncryptablePropertyPlaceholderConfigurer">
        <constructor-arg ref="configurationEncryptor" />
    </bean>

    <bean id="configurationEncryptor" class="org.jasypt.encryption.pbe.StandardPBEStringEncryptor">
        <property name="config" ref="environmentVariablesConfiguration" />
    </bean>

    <bean id="environmentVariablesConfiguration"
      class="org.jasypt.encryption.pbe.config.EnvironmentStringPBEConfig">
        <property name="algorithm" value="PBEWithMD5AndDES" />
        <property name="password" value="xxxx" /> 
    </bean>
</beans> 

Maven entry is :

<dependency>
        <groupId>org.jasypt</groupId>
        <artifactId>jasypt-spring31</artifactId>
        <version>1.9.2</version>
</dependency>

No. According to http://jasypt.org/encrypting-configuration.html:

Spring-integrated transparent decryption of .properties files: Jasypt can integrate into the configuration system of the Spring Framework (2.x and 3.x) and transparently decrypt .properties files used by Spring applications. Learn more: Spring 2.x, Spring 3.0, Spring 3.1.