Retirement program

Discussion in 'Southeastern Freight Lines' started by LTLIndentured, Sep 19, 2017.

  1. LTLIndentured

    LTLIndentured Well-Known Member

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    Sefl just changed the retirement contribution. Were we better off before the change?
     
  2. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    What changed? I never received my mailing and we haven't had meetings in a while now.

    I heard the match was 50% up to ten percent now on 401k.
     
  3. LTLIndentured

    LTLIndentured Well-Known Member

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    That's correct. They also dropped the annual lump sum 401k contribution.
     
  4. LTLIndentured

    LTLIndentured Well-Known Member

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    Doing the math, if you were only contributing the 6% then you lose money by having to up it to 10%.
     
  5. LTLIndentured

    LTLIndentured Well-Known Member

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    If you were already at 10% before then it's a wash
     
  6. LTLIndentured

    LTLIndentured Well-Known Member

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    It's the company's way of forcing drivers to save more while not having to pay as much into our 401k
     
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  7. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    I see. I hadn't heard they ended the profit sharing portion. It's all smoke and mirrors.
     
  8. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    On an unrelated topic, I think it's time for them to take a look at our geographical pay differences.
     
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  9. LTLIndentured

    LTLIndentured Well-Known Member

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    Agreed. After asking about, I was told that sefl isn't interested in keeping up with national carriers. Leaderships goal seems to be keeping up with Estes, Averitt, AAA, etc. last I heard, Estes IS a nationwide carrier.
    Every Sefl service center is at a different pay rate based on what they think will keep drivers from leaving. It's not working outside of the Carolinas
     
  10. LTLIndentured

    LTLIndentured Well-Known Member

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    Additionally, I can work for Any carrier; whether it's nationwide or not
     
  11. LTLIndentured

    LTLIndentured Well-Known Member

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    Ultimately the response will be "we think you are compensated appropriately; you can like it or leave it". Which is their answer to everything lol
     
  12. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    It is a driver's market and they're still thinking like the old ways when it wasn't. You can't keep drivers when you continue to pay $1.75 less per hour than your competitors regardless if they are nationwide carrier or not.
     
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