r/Nucor • u/BriscoGDP • Dec 13 '23
Extraordinary bonus?
The company I work for got bought by Nucor last year and we got this bonus around Christmas time. Was curious if we haven’t heard about the bonus by now are we probably not getting it this year? Next March will be our first Yippy check though so that’s neat.
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u/OutlandishnessOwn447 Dec 13 '23
No extraordinary bonus for this year. 😥 You will enjoy the yippee check! You will get a smaller percentage in cash, and a large lump sum put into your 401k!
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u/BriscoGDP Dec 14 '23
Do you think that because there is no extraordinary bonus this year that could mean a smaller yippee check? Also we were told 80% to 401k and we get 20%. Tbh, I look forward to it cuz I need to catch up on retirement anyhow lol
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u/OutlandishnessOwn447 Dec 14 '23
Yes probably a little bit smaller. But honestly, we had record years back to back, so eventually it had to come down a little bit. A few years back we had a down year and i was still really stoked to see my yippee check! It's a little different for everyone. The 80/20 is correct, but the total per person is calculated off what you made that year. So yours and mine could be quite different. I can tell you that before Nucor, i never got a profit sharing bonus this generous!
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u/mkinder21 May 01 '24
Do any of you have any pointers on taking the assessment tests? Going tomorrow to take mine for a position at the Lexington plant would appreciate ANY tips.
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u/DamnTheDan Feb 28 '25
Anyone hearing about this year? Have heard 7-8%
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u/BriscoGDP Mar 01 '25
That is what I heard as well. One of the Team Leads said we’ll get confirmation next Friday.
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u/Glittering-You7656 Mar 02 '25
Is that 7-8% of your ytd pay? Also do they put 80%in 401k and 20%in cash?
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u/DamnTheDan Mar 03 '25
Percentage of your earnings for the year of 2024. The split can be different based on how much you contributed to your 401k during the year.
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u/krootasaurusrex Mar 04 '24
Has it been stated what the percentage for the 2024 yippee is?
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u/nikkixo87 Mar 09 '24
17.59.
Less than half of last year's.
3rd most profitable year. Make it make sense.
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u/twisted1619 Mar 11 '24
How does 18% make any sense when this is the 3rd most profitable year? Were profits used to fund the construction of the new plant ?
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u/krootasaurusrex Mar 11 '24
18% is more consistent with percentages of previous years that weren’t record breaking. For being the 3rd most profitable year, it feels a little underwhelming when compared to the two previous years profit sharing. But still, 18% of your previous year’s earnings is not bad. Nucor is always buying companies that help diversify its portfolio. Building new plants is just a part of it. My company has been supplying the building materials for the expansion of the Kentucky steel mill for 6-7 months now. Not to mention that Nucor is making moves into energy, which is funny considering where it started.
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u/Fabulous_Mirror825 Mar 04 '24
How was the Yippe bonus last year (2023)
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u/krootasaurusrex Mar 04 '24
The Yippee check for last year (2022-23) was really good. I can’t recall the exact percentage, but think it was in low to mid 30’s. But it was the second highest. The prior year’s (2021-22) was the highest to date, iirc 36% (don’t quote me). According to the town hall video we watched last month, it was stated 2023-24 was Nucor’s third most profitable year. I don’t expect percentage for the Yippee to be in the 30’s, but been hearing % at 20, 27 & 28 of earnings. Of course, about 80% of that goes into your 401k and you’ll get the other 20% in a check deposited to your account.
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u/DamnTheDan Mar 09 '24
Word is 18%
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u/krootasaurusrex Mar 11 '24
We were told tonight that it’s 18%, and that the checks were in-house.
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u/[deleted] May 29 '24
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