This report analyzes and compares AMERICAN RAILCAR INDUSTRIES' employee health insurance and employee benefits with its industry and in Missouri State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
AMERICAN RAILCAR INDUSTRIES has superb career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the AMERICAN RAILCAR INDUSTRIES. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: AMERICAN RAILCAR INDUSTRIES believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. AMERICAN RAILCAR INDUSTRIES has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, AMERICAN RAILCAR INDUSTRIES can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: excellent development resources are what allows AMERICAN RAILCAR INDUSTRIES to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: AMERICAN RAILCAR INDUSTRIES has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: AMERICAN RAILCAR INDUSTRIES believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that AMERICAN RAILCAR INDUSTRIES provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: AMERICAN RAILCAR INDUSTRIES is aware of the difficulties that new employees might experience when they join the team. That's why AMERICAN RAILCAR INDUSTRIES has a solid Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: AMERICAN RAILCAR INDUSTRIES has a first-class Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: AMERICAN RAILCAR INDUSTRIES does not offer tuition reimbursement.
Benefit | AMERICAN RAILCAR INDUSTRIES | Industry | Missouri |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
AMERICAN RAILCAR INDUSTRIES has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: AMERICAN RAILCAR INDUSTRIES does not offer counseling.
- DENTAL PLAN: AMERICAN RAILCAR INDUSTRIES offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: AMERICAN RAILCAR INDUSTRIES offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: AMERICAN RAILCAR INDUSTRIES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: AMERICAN RAILCAR INDUSTRIES offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, AMERICAN RAILCAR INDUSTRIES has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: AMERICAN RAILCAR INDUSTRIES has a solid telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. AMERICAN RAILCAR INDUSTRIES can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: AMERICAN RAILCAR INDUSTRIES provides a top-notch Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | AMERICAN RAILCAR INDUSTRIES | Industry | Missouri |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
AMERICAN RAILCAR INDUSTRIES gives impressive financial benefits to make sure that its team members are always happy with their financial situation even when they are unable to work. Considerable parental leave with a 100% salary, as well as thoughtful disability policy, keep employees secure. Team members that want to volunteer can enjoy several days per year of paid volunteer work.
- 401(K) PLAN: AMERICAN RAILCAR INDUSTRIES has an extraordinary 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, AMERICAN RAILCAR INDUSTRIES offers an extraordinary program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, AMERICAN RAILCAR INDUSTRIES offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: AMERICAN RAILCAR INDUSTRIES has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: AMERICAN RAILCAR INDUSTRIES has an extraordinary bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: AMERICAN RAILCAR INDUSTRIES cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: AMERICAN RAILCAR INDUSTRIES has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: AMERICAN RAILCAR INDUSTRIES offers an outstanding daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: AMERICAN RAILCAR INDUSTRIES has an excellent disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: AMERICAN RAILCAR INDUSTRIES offers an impressive life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: AMERICAN RAILCAR INDUSTRIES has an excellent vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: AMERICAN RAILCAR INDUSTRIES recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by AMERICAN RAILCAR INDUSTRIES, on volunteer work of their choice.
- PARENTAL LEAVE: AMERICAN RAILCAR INDUSTRIES has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | AMERICAN RAILCAR INDUSTRIES | Industry | Missouri |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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