Employer FICA
Social Security tax assessed on an employer for all wages paid to employees and credited to each individual’s Social Security account.
FUTA
Federal Unemployment tax assessed to employers for employment insurance coverage for qualifying separated employees.
Pension
To become eligible for enrollment into the pension plan an employee must complete one year of service with enrollment permitted the following January 1 or July 1. 15% of each employee’s estimated annual base-pay salary is contributed into the pension fund. One Hundred Percent vesting occurs after 3 years of employment.
401(K) Matching
To become eligible for enrollment into the 401(K) plan an employee must complete one year of service with enrollment permitted the following January 1 or July 1. 2% match will be contributed by RTFC to each participant. One Hundred Percent vesting in Company contribution occurs after 3 years of service.
State Unemployment
The Texas Employment Commission assesses a state (as opposed to Federal in the case of FUTA) unemployment tax on employers for unemployment insurance coverage for qualifying separated employees.
Life Insurance
Each full-time employee is provided basic life insurance.
AD&D
Each full-time employee is covered by an Accidental Death and Dismemberment policy.
Medical
RTFC carries medical insurance for each full-time employee, paid for by RTFC. The employee pays for optional dependent coverage.
Personal Accident
For each full time employee, RTFC carries Accident Expense Insurance Policy designed to help cover the expenses associated with an accidental injury.
Long Term Disability
All full-time employees are covered by RTFC’s Long Term Disability policy.
Worker's Compensation
A state-regulated insurance program covering each employee for work-related injuries and illnesses.
