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ERISA Lawsuit settlement
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<blockquote data-quote="dmac1" data-source="post: 3822515" data-attributes="member: 60252"><p>The lawyers in my opinion did NOT represent the best interests of the contractors. I would choose 'gambling' my $367 ERISA award if it meant I was compensated for the health insurance premium, vacation time, sick pay, holiday pay, retirement contribution and so on, plus potential damages if it went to a jury trial.</p><p></p><p>I enjoyed the actual job, but I was stupid enough to believe that fedex would follow the contract, and to believe in 'unlimited' growth potential. I found out in the first few months that they were limiting growth and new contractors acquiring second routes at HD until they felt like it- which was only after they had individual contractors covering the entire service area. My original area now has 20 routes that I was ready to hire drivers and buy trucks to cover, but was refused. Then later, after they did start allowing multiple route ownership, they again limited it to at MAX 15% of the total in the building. In my small terminal that I had transferred to, that meant I was limited to only two routes. It is impossible to make any real decent money with only two routes, and in fact, two routes were a problem because you couldn't have backup drivers 'on call' or vacation drivers, etc. I made maybe $10 per day from owning a second route but also paid better that other contractors.</p></blockquote><p></p>
[QUOTE="dmac1, post: 3822515, member: 60252"] The lawyers in my opinion did NOT represent the best interests of the contractors. I would choose 'gambling' my $367 ERISA award if it meant I was compensated for the health insurance premium, vacation time, sick pay, holiday pay, retirement contribution and so on, plus potential damages if it went to a jury trial. I enjoyed the actual job, but I was stupid enough to believe that fedex would follow the contract, and to believe in 'unlimited' growth potential. I found out in the first few months that they were limiting growth and new contractors acquiring second routes at HD until they felt like it- which was only after they had individual contractors covering the entire service area. My original area now has 20 routes that I was ready to hire drivers and buy trucks to cover, but was refused. Then later, after they did start allowing multiple route ownership, they again limited it to at MAX 15% of the total in the building. In my small terminal that I had transferred to, that meant I was limited to only two routes. It is impossible to make any real decent money with only two routes, and in fact, two routes were a problem because you couldn't have backup drivers 'on call' or vacation drivers, etc. I made maybe $10 per day from owning a second route but also paid better that other contractors. [/QUOTE]
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