Dolphin Line is a leading carrier in the Southeast region with a solid freight base, allowing our drivers the luxury of great home time.
What is an ESOP?
An ESOP is an Employee Benefit Plan that makes the employees of a company owners of the stock of the company.
In an ESOP, only the employees can own stock. No One Else.
How do ESOP's work?
• The Plan is filed for approval with the Department of Labor (DOL) and the IRS.
• Once the Plan is approved, the ESOP has 12 months to act.
• The ESOP then creates a Trust.
• The Trust buys all the stock of the company.
• The Trust then makes annual contributions of stock to individual employee accounts through a compensation allocation formula.
Dolphin Line's ESOP?
• Dolphin Line's ESOP is a Retirement Trust
• Shares vest over 5 years or immediately upon death or total disability
• Withdrawals generally begin after normal retirement age of 65
• Withdrawals must be taken at 70.5 years of age
Other ESOP Features?
Accounts trigger automatically at
At 10 years in the plan and age 55, employee will be given an option to diversify.
Again at 60 years (and 10 years service), there is a one-time option to diversify up to 50%.
Experience & DOT Compliance Requirements
- 2 years of OTR experience
- 18 months of OTR within the last 3 years
- Minimum of 1 year 53’ dry van experience
HAZMAT and / or TWIC (not required but preferred)
Valid CDL and Medical Card
Be able to pass a DOT pre-employment drug screen
Employee Benefits
- Competitive starting pay
- Paid vacations and holidays
- Lay over pay
- Breakdown pay
- Hazmat pay and company paid hazmat endorsement program
- Stop off pay
- Direct deposit
- Paid weekly
- TWIC pay
- Company paid term life policy
- Medical, dental, vision insurance available (company paid portion)
- Dry van division and Refrigerated division available
Short term, accident, cancer, term life, hospital insurance available
Company matching 401K available
Paid lumpers
Pet Policy
Rider program
Assigned late model equipment
98% no touch freight
Regional and Long haul lanes available
80% of fleet home on weekend
On-site truck wash and full maintenance facility
Satellite communications