This is an employed position with Eisenhower Medical Associates (EMA). You will have a two-year salary guarantee, along with a generous benefits package. This package includes 25 days PTO, 5 days CME, Occurrence-based Malpractice & Tail Coverage, Full Health Care for the entire family, a 401K with 100% match (up $20,500 annually) and Disability. In addition to that, you will be given a sign-on bonus and relocation stipend.
There will be a two-year salary guarantee to allow you to ramp up your practice. The exact amount will be between depending on experience. You will also be eligible each year for a performance bonus which is 10% of your base salary. In our 16 years of experience working with Eisenhower, this bonus is extremely attainable as 98.5% of their physicians get this bonus. (It’s like a good-citizen bonus).
In the first two years, you can expect $495,000 plus any productivity bonuses. You’ll be eligible from Day 1 for a productivity bonus that is measured with wRVU’s. We will outline that bonus structure and I’m happy to build and review a proforma with you so you can see your total income potential.
In addition to that, After the first two years, Eisenhower will continue to guarantee a base salary that is tied into a percentage of your productivity from Year 2, plus the performance and productivity bonuses. EMA also provides a sign-on bonus and relocation stipend with the exact amount being determined through the interview process.
| Cost Breakdown | EMA | Employee |
|---|---|---|
| Employee Only | 90% | 10% |
| Spouse/Registered Domestic Partner* | 75% | 25% |
| Children/Dependents** | 75% | 25% |
EMA also offers dental, vision, short-term & long-term disability, and life insurance.
Employees will be eligible to join the Plan on their date of hire.
401(k) Matching Contributions: EMA will match 100% of gross pay, up to the $20,500 annually.
Profit Sharing Plan: In addition to participation in the 401(k) as referenced above, salaried physicians may elect to have their gross compensation reduced in lieu of a profit-sharing plan contribution. Contributions are not to exceed 25%ofcompensation. Under this provision an additional $19,000 may be contributed so that total 2021 retirement savings may reach up to $58,000 ($64,500 for those 50orolder) for the Profit-Sharing Plan plus the 401(k)Deferral and 401(k) Matching, which is the total allowable contribution for the 2021 calendar year pursuant to IRS limitations. Profit Sharing funds will be deposited in the employee’s elected investment funds in 2022.Please contact EMA to participate in the Profit-Sharing Plan.
Vesting: 401(k) employee contributions and profit-sharing contributions are always 100% vested. Matching contributions are vested over 5 years as follows: One year of service is counted for each calendar year, during which at least 1,000 hours were worked.