Kreilkamp Trucking Increases Driver Pay, Adds Weekly 401k Company Match
Kreilkamp Trucking, a family-owned trucking company based in Wisc., is known for its longstanding history of stability and success in the trucking industry. The company recently announced its plans to increase driver pay and re-institute a weekly 401(k) company match program.
“We feel that the economic uncertainty for this country is behind us and the demand for trucking services is steadily increasing monthly,” said Tim Kreilkamp, president of Kreilkamp Trucking. “Our drivers work hard to help make Kreilkamp Trucking the success that it is. These changes to pay and benefits are just some of the ways we are able to thank our drivers for what they do.”
Effective July 1, pay for Kreilkamp OTR and regional drivers increased 1 cent per mile. Non-dedicated local drivers can expect a pay increase of 50 cents per hour. Kreilkamp’s changes to its 401(k) company match program include making contributions on a weekly basis instead of annually. Now, the company will match 401(k) contributions on a weekly basis at 50 cents to every dollar contributed up to 6 percent of each employee’s 2012 wage. This allows employees to receive the match earlier and gives them the ability to invest using “dollar cost averaging.” Additionally, the company will be applying this same company match retroactively to all employees’ 401(k) contributions made from January 1 to June 30 of this year.
Kreilkamp hires drivers mostly along the I-80 corridor in Ind., Mich., N.J., N.Y., Ohio, Pa. and also hires drivers in Boston, NYC boroughs and Wisc. Driver benefits include competitive pay, late-model equipment, flexible scheduling and weekly home time. For information about Kreilkamp Trucking driving opportunities or services, call 800-999-7112, email email@example.com or visit www.kreilkamp.com.