TM Track Machines offers a competitive, comprehensive benefits package to our employees. We make it a priority to give you the support and resources you need to take care of what’s important and reach your goals both in and out of the workplace.

Health & Welfare Benefits

Benefit Eligibility

TM Track Machines offers health and welfare benefits to all full-time employees. New salaried employees are eligible for benefits on the first day of the month following 30 days of employment. New hourly employees are eligible for benefits on the first day of the month following 60 days of employment.

Medical, Dental, & Vision Insurance

TM Track Machines offers a high-deductible medical plan, coupled with a self-funded Health Reimbursement Account (HRA). The HRA reduces the in-network deductible to an out-of-pocket maximum of $2,500 for employee only coverage, and $5,000 for employee with dependent coverage. The employee contribution is deducted pre-tax on a weekly basis as indicated in the table below. This weekly cost includes medical and dental coverage.

Coverage Level Weekly Cost
Employee Only $25.00
Employee + Child(ren) $70.00
Employee + Spouse $140.00
Employee + Family $185.00

TM Track Machines also offers vision coverage to employees. Our vision plan through Ameritas offers coverage through VSP’s Choice Network. The weekly cost of vision benefits are outlined below:

Coverage Level Weekly Cost
Employee Only $0.46
Employee + Child(ren) $2.19
Employee + Spouse $2.36
Employee + Family $4.10

Dental coverage is available to those employees who waive medical.  Coverage is through Ameritas and includes an employer contribution to employees who waive coverage under the medical plan. The weekly cost of “dental only” benefits are outlined below:

Coverage Level Weekly Cost
Employee Only $0.84
Employee + Child(ren) $3.97
Employee + Spouse $4.06
Employee + Family $7.19
Health Savings Account

Employees that participate in TM Track Machine’s medical plan have the opportunity to elect to have a Health Savings Account (HSA). TM Track Machines encourages employees to establish a HSA by providing a one-time initial employer contribution, as well as a monthly dollar-for-dollar match up $300/year for employee only coverage, and $600/year for employee with dependent coverage.

Disability & Life Insurance

TM Track Machines provides, at no cost to the employee, short-term disability, long-term disability, and life insurance to all eligible employees. Employees also have the opportunity to elect additional voluntary term life and voluntary AD&D insurance for themselves, as well as their spouse and/or children.

Employee Assistance Program (EAP)

TM Track Machines provides all employees and their dependents EAP services at no cost. This includes short-term counseling, dependent care information and referrals, and legal and financial services, including consultations and referrals. Employees also have access to the EAP website which has a host of health and wellness resources and webinars.

Accident and Critical Illness Insurance

TM Track Machines offers accident and critical illness insurance through Allstate Benefits. No one plans on having an accident or getting seriously ill, it happens unexpectedly. These coverages are designed to work with your existing health insurance, and company provided disability coverage. Both of these benefit options provide cash benefits paid directly to you to help you pay for out-of-pocket expenses and medical costs that your health insurance may not cover. They are portable, which means if your employment ends, you can take your coverage with you.


401(k) Plan

The TM Track Machines 401(k) plan is offered to all employees meeting the service and hours requirements under the plan. Employees are eligible to enroll during the first participation period (January or July) following 90 days of employment. Employee contributions up to 6% of compensation will be eligible for an employer match – 100% on the first 3% deferred plus a 50% match on the next 3% deferred.


Compensation

Holiday Pay

TM Track Machines provides all regular, full-time employees with seven (7) paid holidays. Holidays observed are: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. Employees also receive one floating holiday to be used at any time during the year.  Employees are eligible for Holiday Pay immediately.

Vacation Pay

TM Track Machines offers all full-time, regular employees with vacation time to provide opportunities for rest, relaxation, and personal pursuits. To qualify for vacation benefits, a full-time employee must have completed one full year of continuous employment. Part-time employees are not eligible for vacation. For specifics on the vacation policy for the position for which you are applying, please discuss with the Recruiting Specialist or Hiring Manager during the interview process.

Personal Days

TM Track Machines provide all full-time employees with 4 days of personal time per calendar year. Personal Days can be used for unexpected incidentals such as: illness, injury, doctor appointments, or personal reasons. Personal days accrue at the rate of approximately one day per quarter. Employees will be eligible for 8 hours of personal time following 90 days of employment.

Bereavement Pay

TM Track Machines will provide all regular, full-time employees with bereavement leave of up to three (3) working days due to the death of an immediate family member. TM Track Machines defines “immediate family” as your spouse, parent, grandparent, child, grandchild, or sibling, as well as your spouse’s child, parent, or sibling.

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