Mlh Employee Resources (2024)

FAQs

What is the main line health PTO policy? ›

Paid Time Off

More than eight (8) years of service – 4 weeks annually. Paid time off is available to eligible full-time employees to provide opportunities for rest, relaxation, and personal pursuits. Full-time employees will accrue vacation leave based on their years of service.

If you have any questions - Contact the HR4U team by phone at 484-580-HR4U(4748) or by email at HR4U@mlhs.org for assistance. The HR4U team will be available Monday – Friday 7 a.m. – 6 p.m. Click Here to See How to Clear Your Cache and Cookies!

403(b) Retirement Savings Plan – This is a type of retirement plan designed to supplement your pension plan and help provide for your future financial security through a combination of personal savings, current tax savings, and matching contributions made by Main Line Health.

If they're talking specifically about vacation days, then 10-20 days of paid vacation is very good. You'll be getting anywhere between two and four weeks off work per year, all of which is paid – and it doesn't include sickness or holidays! In conclusion, it is normal to receive around 10 vacation days per year.

Is vacation pay the same as PTO? Sick leave is required in California, while vacation pay, also a type of PTO, is not required under state law. In fact, in California, there is no requirement for employers to provide vacation time, paid or unpaid, to their employees.

Founded in 1985, Main Line Health® is a not-for-profit health system serving portions of Philadelphia and its western suburbs.

If you need help, please contact HR4U at (804) 628-4748 or (844) 989-4748.

Registered users may initiate a request using the red log-in button at the top of this page or contact Program Support at 800-546-7092 to set up a new account. During business hours, you can also call HealthHelp at (800) 405-4817.

A bad 403(b) is expensive

The majority of K-12 403(b) plans are high fee. That's because the majority of the financial firms servicing the plan sell expensive, commission-based products. As the chart below demonstrates, high fees can be devastating to retirement plan balances.

Conclusion: Is a 403(b) a Good Investment? If you are satisfied with the 403(b)'s investment options and fees (including surrender charges) the plan can be a good investment for helping employees save and grow money for retirement on a tax-deferred basis.

Do doctors have 401k or 403b? ›

Medical professionals have numerous 401(k) or 403(b) plan design types and options for employers, including safe harbor provisions, employer matching and profit sharing options, Roth and traditional deferral types, and solo or SIMPLE 401(k) plan designs.

A typical leave policy grants employees 10 days of vacation, 8 sick days, and 2 personal days. Employees are also usually able to access leave for bereavement, civil duty, and parental — albeit unpaid — but separate from the initial allotment of days.

The average vacation time in the US for separate leave plans

The US Bureau of Labor Statistics report on vacation days in America states that private industry employees typically get: 11 days per year after 1 year of service, 15 days per year after 5 years of service, 18 days per year after 18 years of employment, and.

Paid time off for hourly employees is most often calculated by the accrual method. For every hour they work, they accrue a certain amount of PTO. For example, if they work a 40 hour week and are entitled to 1 week of PTO, they can expect to receive approximately 0.02 hours of PTO for every hour they work.

PTO is the time that employees can take off of work while still getting paid regular wages. This does not include times in which an employee is working remotely or telecommuting. Often, PTO policies combine vacation, sick, and personal days.