SEFL | Retirement program

[LTLIndentured]

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

 

[Dick Dastardly]

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.

 

[LTLIndentured]

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

 

[LTLIndentured]

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

 

[LTLIndentured]

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

 

[LTLIndentured]

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

 

[Dick Dastardly]

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

 

[Dick Dastardly]

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

 

[LTLIndentured]

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

 

[LTLIndentured]

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

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

 

[LTLIndentured]

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

 

[Dick Dastardly]

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

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.