Compensation includes a competitive base salary with productivity bonuses, along with a comprehensive benefits package. Malpractice insurance, retirement plans, and relocation assistance are provided. The call schedule is paid, with neurologists receiving $450 per day plus RVU compensation for any patients seen.
| Year 1 | Year 2 | Year 3 | |
|---|---|---|---|
| Base Salary | $315,000.00 | $315,000.00 | RVU Production |
| Guaranteed 10% Performance Bonus | $31,500.00 | $31,500.00 | |
| RVU Production Bonus | $78,000.00 | $130,000.00 | |
| Sign-On Bonus | $30,000.00 | NA | |
| Relocation Assistance | $10,000.00 | NA | |
| Call Money | $1,350.00 | $2,250.00 | |
| Total Compensation | $465,850.00 | $478,750.00 | |
| Calculations | |||
| Projected RVUs In Excess of 5,330 | 1,200 | 2,000 | 3,000 |
| RVU Dollar Amount | $65.00 | $65.00 | $60.00 |
| Call Weeks Per Year* | 7 | 10 | 11 |
| Call Money for General Neurology | $450.00 |
| Cost Breakdown | EMA | Employee |
|---|---|---|
| Employee Only | 95% | 5% |
| Spouse/Registered Domestic Partner* | 80% | 20% |
| Children/Dependents** | 75% | 25% |
Employees will be eligible to join the Plan on their date of hire.
401(k) Matching Contributions: EMA will match 100% of what you contribute, up to $23,000 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.