21 Mar 2011
Incompetent Company
Anonymous employee
KMS Solutions Response
12yThe writer has grossly misrepresented the facts. KMS does have a defense industry standard paid time off policy that is fully disclosed and explained in the second paragraph of their offer letters as follows, "Currently full-time employees accrue PTO on a pay period basis. New employees accrue this time at the rate of 22 days annually beginning with their first full month of employment. PTO is intended to provide employees with salary continuity for holidays, vacation, and sick time." In addition, it is explained again in the benefits summary provided to all new employees, "KMS Solutions full-time employees accrue PTO per pay period. Employees with creditable service of less than 5 years accrue this time at the rate of 7.33 hours per pay period or 22 days annually, while Employees with creditable service of more than 5 years accrue this time at the rate of 8.33 hours per pay period, or 25 days annually. PTO is intended to provide employees with salary continuity for holidays, vacation, and sick time. With the exception of scheduled holidays, employees are eligible to use accrued PTO after 90 days of employment."
The 401(k) is managed by John Hancock and funded by the company for the benefit of ALL ELIGIBLE EMPLOYEES on a profit sharing basis, regardless of whether they make a salary deferral contribution of their own or not. This retirement contribution by the company for the benefit of the employees has always been 3% or higher of total salary dollars each and every year. Over the last two years it has averaged 5.88%. It is explained in the benefits summary provided to all new hire employees as follows, "The KMS 401(k) plan is available for participation to all qualified employees at their date of hire. In addition to salary deferrals, the company may make annual discretionary contributions on either a profit sharing basis and/or a matching contribution basis equal to a uniform percentage of the amount of salary deferral."
