When considering your next career move, consider the whole package. Carter Machinery offers a comprehensive compensation and benefits package designed to provide our employees and their families with peace of mind. From healthcare and generous paid leave to an impressive 401k plan, you'll find that our benefits package is among the best in the business.
HEALTH INSURANCE: Medical and dental insurance is offered at a reasonable cost to eligible employees*.
Prescription Drug Plan: Employees receive prescription drug benefits.
Vision: Vision benefits are available.
CAFETERIA 125 PLAN: Carter offers both a Flexible Spending and Dependent Care Spending Program.
LIFE INSURANCE: Free group life insurance for all full-time employees*. Coverage is based on previous years earnings: Natural Death = 1 times earnings, Accidental Death = 2 times earnings. Additional life insurance may be purchased on employee, spouse and dependent children.
SHORT & LONG-TERM DISABILITY: Free short and long-term disability coverage is provided to all full-time employees*. Employees off work due to an extended illness or accident may receive up to two-thirds of their wages.
WORKERS' COMPENSATION: Workers’ compensation benefits are available to employees who sustain an injury or illness arising out of and in the course of their employment. Benefits include medical expenses and protection against total lost income.
RETIREMENT & SAVINGS PLAN: Carter offers an outstanding retirement plan available to all employees beginning on their hire date with the company.
401(k) – Company Match: Employees may make a 401(k) tax-deferred contribution as limited by IRS regulations. Carter will match your contribution up to 6% of your total compensation depending on years of service with the company.
- 9 or Less Years of Service = $0.75 Match
- 10 – 14 Years of Service = $1.00 Match
- 15 or More Years of Service = $1.25 Match
A variety of funds are available to suit your personal investment strategy. They are daily valued and employees may change their investment choices as often as they wish, either via phone or internet.
Year End Contribution: In addition to the 401(k) matching contribution, the company may make a year-end contribution to eligible employees based on business conditions. This contribution is optional by the company.
Employees must work 1,000 hours during the plan year and be employed on the last day of the plan year in order to receive the Company Match and Discretionary Company Retirement Contribution. An employee is 100% vested in the Company’s contributions after 3 years of service with 1,000 hours each plan year.
TIME AWAY FROM WORK:
Vacation: To offer a break from work, all full-time employees will receive vacation as follows.
- If you are employed on the first working day of January, you receive 2 weeks of vacation. If you are employed after the first working day of January, you will receive a prorated amount of vacation.
- January 1st following your sixth anniversary date, you will receive 3 weeks of vacation.
- January 1st following your tenth anniversary date, add one vacation day per year until a maximum of 4 weeks after 15 years.
Holidays: Carter recognizes the following paid holidays.
- New Year’s Day
- Memorial Day
- July 4th
- Labor Day
- Thanksgiving Day
- Thanksgiving Friday
- Christmas Eve**
- Christmas Day**
**(Depending on your shift and the days of the week on which Christmas Eve and Christmas Day fall, there will be a minimum of one paid holiday per year at Christmas. Some years there will be two paid holidays at Christmas.)
Personal Time: Employees earn up to five days of paid personal time per year.
Bereavement Leave: For the death of an immediate family member, employees may be eligible for time off with bereavement pay (determined by relationship to employee).
Jury Duty Pay: Employees are compensated by Carter for the time actually required for jury service during which the employee would have otherwise been working. Specific guidelines exist on reporting back to work on jury duty days.
DIRECT DEPOSIT: Employees enjoy the convenience of direct deposit into their checking and/or savings accounts. Hourly employees are paid bi-weekly. Salaried employees are paid on the 10th of each month.
CREDIT UNION MEMBERSHIP: Carter Machinery employees are eligible for membership in the Citizens Equity First Credit Union (CEFCU) and enjoy the convenience of payroll deductions for savings, checking, Christmas clubs and loans.
EDUCATIONAL ASSISTANCE: Tuition reimbursement is available to full-time employees who have been employed for at least 6 months, if classes are job related.
UNIFORM, SHOE & TOOL ASSISTANCE: Carter pays the cost of uniform rental for those parts and service personnel who are required to wear uniforms. Allowances are also offered for safety shoes and tools. For those technicians needing new tools, interest-free tool loans are available.
*Some benefits require a nominal waiting period for enrollment. Full details of all benefits are available from the Human Resources Department.
The information above is a summary of employee benefits currently available to Carter Machinery employees and is not intended to be a contract. Benefits are reviewed and updated periodically, with changes at the sole discretion of the company.