401k Match

Discussion in 'XPO Logistics' started by sucker666, Jul 27, 2017.

  1. sucker666

    sucker666 Well-Known Member

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    I think they are eligible if their full time but I'm not 100 % on that I know they don't get o/t till after 50 hrs.
     
  2. micshol

    micshol Member

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    I'm a dockworker. I get 2% of my gross pay contributed quarterly. As far as overtime goes I've been here five years so I still get overtime after 8. Any dockworkers hired after the new pay scale took effect (3 yrs ago) don't get overtime until after 50 hours. There are only about 50 of us in the whole company I'm told who still get overtime after 8. It was also changed at the first of the year that anyone hired on going forward starts at 12 days of PTO instead of 15. They can bank less and max out at 25 instead of 35 days.
     
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  3. icuicp

    icuicp Well-Known Member

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    Thank you for the information.
     
  4. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    You would think that they would be trying to hire more dockhands. They groom these people to be management and drivers. Why reduce the compensation for them ?
     
  5. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Best of luck to you. Not many are getting to experience the retirement that they had hoped for.
     
  6. trucknfool

    trucknfool Well-Known Member

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    I donot know how they get away with not paying overtime over 40 to any employee that does not fall under the truck driver exemption ????
     
  7. sucker666

    sucker666 Well-Known Member

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    Section 13(b)(1) of the FLSA provides an overtime exemption for employees who are within the authority of the Secretary of Transportation to establish qualifications and maximum hours of service pursuant to Section 204 of the Motor Carrier Act of 1935, except those employees covered by the small vehicle exception described below.

    Thus, the 13(b)(1) overtime exemption applies to employees who are:

    1. Employed by a motor carrier or motor private carrier, as defined in 49 U.S.C. Section 13102 (see Employer below);
    2. Drivers, driver’s helpers, loaders, or mechanics whose duties affect the safety of operation of motor vehicles in transportation on public highways in interstate or foreign commerce (see Employee Duties below); and
    3. Not covered by the small vehicle exception (see Small Vehicle Exception below).
     
  8. Rollin

    Rollin Member

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    I could be wrong, but I thought for new hires there was some catch that you didn't get the 2% the first year, or 401k didn't kick in till after so many days, or a year.

    I learned my lesson in the tech bubble. Came out of that licking my wounds with some of my own personal investments.

    Even though I have different Investments hearing that my pension might not be there was rather alarming. Maybe too many people get lulled into the companies retirement programs, 401K, IRA and don't look beyond it.

    Past performance does not guarantee future results.
     
  9. micshol

    micshol Member

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    I wasn't clear. Any full time hourly employee (including drivers) hired after 1/1/17 starts under new pto rules. As far as overtime they claim its common in the industry. I personally think they will have to reduce that policy eventually. We already cant retain quality people.
     
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  10. guitarman1

    guitarman1 Active Member

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    Correct...
     
  11. sucker666

    sucker666 Well-Known Member

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    I can't help sometimes but thinking the strategy now is to just have bodies in place. Don't get me wrong if they can get a quality person while trolling the bottom it's a bonus. People just aren't gonna stay. There is no directional leadership or engagement it's like an empty shell.
    They have had the time now to figure this out. To top it off their looking to buy more. I think by fall we will here of a major purchase.
     
    Last edited: Aug 3, 2017
  12. Songremainsthesame

    Songremainsthesame Well-Known Member

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    Oh so they all work in CSE county then...
     
  13. Trucker 206

    Trucker 206 Well-Known Member

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    Sad, but true HS. All we can do is plan, save what we can and hope for the best.
     
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  14. Trucker 206

    Trucker 206 Well-Known Member

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    Well, now. There's an outdated piece of legislation!!
     
  15. sucker666

    sucker666 Well-Known Member

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    Maybe outdated but a good many of are fellow workers down south still don't get o/t till after 50
     
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  16. dalesr

    dalesr Well-Known Member

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    Same thing for paying for college. I saved some and have no debt, so I got no financial aid. I don't, however, have enough for a private education, or even 4 years at a state school. If you don't have a pot to piss in or a window to throw it out of, it's a free ride all the way! I should have hid what I do have better.
     
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  17. hotrodd

    hotrodd Active Member

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    More like 55 or 60.
     

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