Great benefits make Railinc one of the best places to work in the Triangle. We are proud to offer our employees a competitive and comprehensive benefits program. Regular, full-time employees are eligible for most employee benefits beginning on their first day of employment.
Railinc's program includes the following benefits, which are aimed at helping you and your family maintain a healthy lifestyle, achieve work/life balance, manage your finances, plan for retirement and live a less stressful life.
Annual Review and Bonus — All regular, full-time, active employees of Railinc are eligible for the bonus program. This goal-sharing program focuses on the performance of Railinc as a whole.
Health and Wellness
Railinc provides the following services to support your health and well-being and to help you manage your personal and family responsibilities.
Employee Assistance Program — Employees and their dependents can receive short-term counseling from an outside counselor through Railinc's Employee Assistance Program. The program is free, confidential and voluntary.
On-Site Workout Facility — Employees enjoy the convenience of the company's on-site workout facility. Amenities include cardio and weight machines, free weights and full locker rooms. Many employees use the running/walking trails on Cary's beautiful greenways, which connect to the Railinc parking lot and surround Lake Crabtree.
Recreational Activities — Railinc employees participate in a diverse offering of recreational activities, from athletics groups like our running/walking, yoga, soccer and basketball clubs, to company picnics, potlucks, concerts and sporting events.
Flexible Work Arrangements — For eligible employees, Railinc offers a generous telecommuting policy to support work/life balance.
Ergonomic Work Stations — Railinc provides its employees with the tools needed for a safe, comfortable, healthy and productive work environment.
Medical Coverage — Railinc offers employees superior and affordable options for medical coverage. Employees can choose between two plans. The premium plan provides exceptional coverage with a large network of physicians. The standard plan also has great coverage with minimal premiums for employees and their dependents.
Dental Coverage — Employees can choose any dentist they prefer, and Railinc covers 100 percent of premiums for employees and their dependents.
Vision Coverage — Vision coverage is provided at no charge to employees. Employees and their dependents are eligible for eye exams and credit toward lenses or contacts once a year. Frames are provided every two years.
401(k) Retirement Program — Railinc offers employees a variety of 401(k) investment plans. Employees are eligible to participate in Railinc's 401(k) plan on the first day of the month following 30 days of employment. Railinc matches 50 percent of pre-tax contributions up to 6 percent of salary. The employer match begins immediately upon enrollment in the plan, and matching contributions are 100 percent vested after one year of service.
Holidays — Railinc observes the following 12 paid holidays:
New Year's Day
Martin Luther King Jr. Day
Day after Thanksgiving
New Year's Eve
Vacation — Railinc offers a generous vacation policy. Employees enjoy three weeks of paid vacation per year in the first through ninth years of employment (prorated in the first year). After 10 years, vacation increases to four weeks per year.
Sick Days — Railinc provides 10 paid sick days per year.
Flexible Spending Accounts for Medical and Dependent Care — Railinc offers flexible spending accounts to help employees save money on medical and dependent care expenses.
Life Insurance — Railinc provides employees with life and accidental death and dismemberment insurance of two times their annual base salary at no cost.
Supplemental Life Insurance — Railinc gives employees the opportunity to buy additional life insurance for themselves, their spouses and their dependent children at Railinc group rates.
Business Traveler's Insurance — Employees are eligible for an additional insurance policy of two times their annual base salary while traveling on Railinc business.
Short-Term and Long-Term Disability Insurance — Railinc provides employees with insurance coverage for both short-term (less than three months) and long-term (more than three months) disabilities.
Supplemental Long-Term Disability Insurance — Employees are eligible to buy additional income protection at Railinc group rates to increase their long-term disability income benefit.
Railroad Retirement Benefit — The Railroad Retirement Act is a federal law that provides retirement and disability annuities for qualified railroad employees, which includes employees of Railinc. The plan has two tiers: one is in lieu of Social Security, and the other is in addition to Social Security. Additional information is available through the Railroad Retirement Board.
Railinc Pension Plan — Railinc provides employees with a defined benefit pension plan designed to supplement their railroad retirement annuity and other personal savings to help meet their retirement income needs. This supplemental plan is funded entirely by Railinc.