Employee Benefits

"Our employees are our most valuable asset..."

At Salem Holding Company, we are committed to a comprehensive employee benefit program that helps our employees stay healthy, feel secure and maintain a work/life balance.

Salem strives to offer competitive pay with an excellent benefits package.


Below are some quick links to details of our Benefit Offerings.

HEALTH

Cigna Health

Public Announcement From CIGNA:

05/16/22

This link (above) leads to the machine readable files that will be available beginning 7.1.22 in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. 

All full-time employees are eligible to participate in Salem's medical plan. There are two plan options available, and employees can select the plan that best suits their needs. Coverage is provided through CIGNA HealthCare and the employee pays a portion of the premiums through pre-tax payroll deductions. Each employee will have the choice of insuring themselves and their dependents. Participation in this plan begins once an employee has completed 90 days of employment with Salem.

DENTAL



All full-time employees are eligible to participate in the dental plan. There are two plan options available, and each employee may select the plan that best suits their dental needs.

The coverage is provided by Unum and will be paid for by employees, through pre-tax payroll deduction. Each employee will have the choice of insuring themselves and their dependents and may use the services of any dentist of their choice. Please note that orthodontics is not covered by this plan.


Participation in this plan begins the first of the month after an employee has completed 60 days of employment with Salem.

VISION


Salem Vision Benefits

A vision plan is available through Unum for all full-time employees. Employees may elect coverage for themselves and their dependents. Premiums are paid for by the employee through pre-tax payroll deductions. This plan provides coverage for exams, lenses and provides a yearly allowance for frames and contact lenses. Discounts may be available for laser vision correction through participating providers.


Coverage under this plan begins the first of the month following 60 days of employment.

Life Insurance (Company-paid)

 Salem provides all full-time employees and their dependents with company-paid life and accidental death and dismemberment (AD&D) insurance coverage through Unum. Participation in this plan begins the first of the month after employees have completed 90 days of employment with Salem.

Coverage:

  • Employee: Two times annual W2 earnings
  • Spouse: $5,000
  • Children: $500 (age 14 days to 6 months), $2,500 (6 months to 20 yrs. old (students up until age 26)

 


Life Insurance (Voluntary)

In addition to the company-paid Life insurance, Salem also offers all full-time employees optional supplemental life and accidental death and dismemberment (AD&D) insurance coverage through Unum, paid for by the employee through post-tax payroll deduction. Rates are based on age and coverage level. Dependent coverage is also available. Participation in this plan begins the first of the month after employees have completed 90 days of employment with Salem.

Short Term Disability (Voluntary)

Full-time employees are provided the opportunity to enroll in a voluntary Short-Term Disability (STD) program to assist with partial income replacement in the event of non-work-related injury or illness. The employee pays the premiums through post-tax payroll deductions and the rate is based on age and selected coverage level. With this program, employees may elect coverage from $100 up to $1000 not to exceed 65% of their weekly earnings. This benefit pays the elected coverage amount on a weekly basis from the 15th day of disability/illness up to 26 weeks.


Coverage is provided by Madison National Life Insurance and participation begins the first of the month following 30 days of employment.

Long Term Disability

Salem offers Long-Term Disability (LTD) coverage, for all full-time employees through Unum. This coverage provides up to 60% of an employees's monthly earning for non-work-related injuries, disabilities, or illnesses that keep an employee out of work more than 6 months. This coverage is provided at no cost to the employee and begins the first of the month following 90 days of employment.

Holidays & Vacation

HOLIDAYS

Salem observes seven (7) days during the calendar year as official company holidays for full-time employees. The observed holidays are New Year's Day, Memorial Day, July 4th, Labor Day, Thanksgiving, Christmas and the employee's birthday. For drivers that are normally paid on the mileage rate, holiday pay will be according to their hourly rate of pay.


VACATION

Vacation time is an opportunity for employees to take time out of the work schedule to rest and relax. Vacation time is earned, granted, and paid based on prior continuous service. Only full time employees are eligible.

Vacation is earned according to the following schedule:

  •     After 1 year employment => 1 week of vacation
  •     After 2 years employment => 2 weeks of vacation
  •     After 7 years employment => 3 weeks of vacation

 


401(k) PLAN

Salem offers an opportunity for all employees, both full and part-time, to invest in their future through a 401(k) retirement plan. Employees may contribute 1% to 50% of eligible compensation through pre-tax payroll deductions. The Company offers a 50% match for employee contributions up to 4% of the employee’s contribution. Employees are eligible the first of the month following six months of consecutive employment.


DIRECT DEPOSIT

For convenience, employees may have checks directly deposited in to an account at a bank of choice. This is particularly good for employees who are not able to return to their home terminal on a consistent basis or do not want to go to the bank to deposit their check.



FLEXIBLE HOURS

Salem’s customer base has different transportation needs, which allows drivers to have flexibility in route selection. This selection can vary from being home each night to over-the-road cross country. Options are as follows:

  •     Local route (in/out same day)
  •     Set geographic route
  •     Regional coverage
  •     Cross country
  •     Team routes

 



COMPETITIVE PAY
(DRIVERS)

Salem offers a competitive pay package for qualified drivers. As a driver for Salem, employees have the option of being paid mileage or base salary depending on the route operated. Drivers also have the option of increasing pay thru a number of programs and driver tasks. These are as follows:


  • Quarterly safety bonus
  •  Driver referral bonus
  •  Stop pay
  •  Detention pay
  •  Drop/hook pay

 


Salem’s driver compensation package is very competitive in the transportation industry. Salem offers a stable work environment, top quality equipment, coast-to-coast maintenance network, and a supportive management team. This is why drivers stay at Salem for 10 plus years.




Share by: