Toll
Brothers
Builder of luxury
homes.
Headquarters:
250 Gibralatar Rd.
Horsham, PA 19044
Employees: 3,160
CEO: Robert Toll
Stock Symbol: TOL
Website:
http://www.tollbrothers.com
Career
Site
Toll Brothers is the nation's premier builder of luxury homes and is currently building in 44 markets in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia and West Virginia.
The company has experienced steep declines in sales over the past couple of years due to the collapse in the home market.
Toll Brothers builds luxury single-family detached and attached home communities, master planned luxury residential resort-style golf communities and urban low-, mid- and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.
In fiscal 2008, Toll Brothers reported revenues of $3.16 billion, a 32% drop over the previous year, and net loss of $277 million. The company has delivered over 35,000 homes in the past five years. Average delivered home price as of October 2008 was $655,000.
The company was founded in 1967 by brothers
Robert and Bruce Toll. It went public on the NYSE in 1986.
Benefits
Toll Brothers offers excellent benefits
to employees including a discount on purchase of Toll homes as
well as mortgage, title insurance and appliance discounts. After
two years of service with the company, employees can also have
access to furnished luxury guesthouses for use as vacation homes
at resort destinations around the country.
401(k) Savings Plan
Toll Brothers generously contributes
to your account with both an initial discretionary contribution
and matching dollars. The company contributes 2 percent of your
total compensation at the end of each calendar year, and matches
50 cents on every dollar you contribute, up to 4 percent of your
compensation.
Discounted Stock Purchase Plan
You may purchase Toll Brothers
at a 5 percent discount (no holding period) or a 15 percent discount
(3-year holding period) through either a cash purchase or a payroll
deduction.
Medical / Dental Plans
Comprehensive coverage of medical
expenses for you and eligible dependents under one of the company's
plans. Depending on the plan and your position, the company pays
a majority of the coverage cost and you make a small contribution
with pre-tax dollars. Eligibility starts on the first of the
month following 60 days of service.
Medical Insurance Waiver
If you are covered by another plan
and elect to waive all insurance coverage, you will be paid a
quarterly reimbursement.
Educational Reimbursement
Toll Brothers offers tuition reimbursement
for authorized work-related courses and seminars. We also provide
in-house training programs for technical and nontechnical skills.
Paid Time Off
You receive two weeks of paid vacation
per year for your first 5 years of employment and 3 weeks per
year after 5 years of service. In addition, each year you receive
3 floating holidays.
Long Term Disability
The Company offers long-term disability
in the amount of 60% of your basic monthly earnings at no cost
to you.
Short Term Disability
You will be able to purchase (at
a reduced group rate) short-term disability insurance which provides
benefits for 12 weeks.
Sick Pay
Sick pay accrues up to six days
per year. You can accumulate unused sick days as long as you
are employed by the Company.
Updated May 24, 2009
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