Employee Benefits Program

When considering your next career move, consider the whole package. Carter Machinery offers an excellent wage and benefits package. The information below is a summary of basic 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.

HEALTH INSURANCE

Medical and dental insurance is offered at a reasonable cost to full-time employees*.
Medical: To provide coverage based on individual employee needs, the following health care plan options are available.

  • PPO (Preferred Provider Network)
  • HMO (Health Maintenance Organization)

Dental: Includes two diagnostic and preventative examinations per year covered at 100%. Other services paid at 80/20.
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 typically makes a year-end contribution to eligible employees based on profits of that year. This contribution is optional by the company.
Loan Program: A loan program is available from your vested balance in the plan.

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 Day
  • Floating Holiday

PERSONAL BUSINESS

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 lease 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.