Springfield MO-based refrigerated carrier Prime Inc has introduced a new compensation structure for all current and future refrigerated division company drivers. The new pay structure allows drivers joining Prime to start at 35.5 cents per mile, based on experience. Some current drivers are now earning up to 62.5 cents per mile, which includes all bonuses and programs such as fuel surcharge and driver training programs.
The new program recognizes and rewards drivers based on their number of years driving and credits experienced drivers with mileage driven for future pay increases. Prime's refrigerated division accounts for more than 70% of the firm's drivers.
Prime has also increased the company's contribution to employees 401K plans by 20%. All employees, including company drivers who have been with the company for one year, are eligible to participate in the 401K plan. This program not only gives associates the ability to put money toward retirement, but Prime also matches every employee dollar with a 50-cent contribution for up to 6% of the employee's gross pay.
