Category

Benefit

Value

Comment

Medical

Medical

Traditional Anthem HMO Plans

Employee out of pocket expenses. Percent of premium paid by employee.

Employee Only

Plan A 20/30: 10.2%

Plan B 10/20: 17.7%

Employee +1

Plan A 20/30: 10.1%

Plan B 10/20: 17.7%

Family

Plan A 20/30: 10.1%

Plan B 10/20: 17.7%

Cafeteria plan, depending on coverage selected employees may contribute through payroll deduction.

Employee with existing coverage can opt out and receive $1800 compensation (prorated for start dates after January 1).

Heath Savings account also available.

New hires eligible for coverage 1^st of the month following start date.

Anthem HSA (Health Savings Account)

Company seed money:

Employee Only HSA

1.7%

Family HSA

1.7%

HSA: Employee pretax contribution

Employee only: $1500 deductible

Emp+1/Family: 3,000 deductible

Life insurance

4X employee’s salary

Max $300,000

Dependant care account

Contribute up to $5000 pre-tax to pay dependant care costs

Medical account

Contribute up to 10% of gross salary to pay medical costs.

Employees are issued a “Benny Card” which can be used at the point of sale to pay for eligible medical expenses (prescriptions, co-pays…etc)

Paid time off (PTO)

Holidays

11 days

New Years Day

MLK Day

President’s Day

Good Friday

Memorial Day

4^th of July

Labor Day

Thanksgiving (11/27 and 11/28)

Christmas (12/25 and 12/26)

Annual leave

During the first year, .77 days for each pay period.

20 days for the 1^st full year, 25 after 3 years of service, 30 after 7 years of service.

Financial

Incentive Compensation

Pay Grades 1-7

7% rate based on individual performance. Additional incentives up to 15% possible.

Employees may receive 2% match in 401k accounts.

Middle Management

12% rate based on individual performance. Additional incentive up to 20%

Not eligible for the first year of employment.

Company has paid out all or part of the company portion each of the last 8 years. The partial was paid out 1 year.

Category

Benefit

Value

Comment

401(k)

Employer matches 50% of the first 4% in eligible compensation.

Employer contributes 3% to employees’ 401(k)

Employer contributes 7% to pension/profit-sharing

Employee controls investment choices.

Employees are eligible to make contributions immediately.

One year waiting period for employer contributions.

Cost of Living Adjustment

Applied to gross pay effective January 1.

Tuition reimbursement

$2,500 for undergraduate studies.

$3,500 for graduate studies.

Benefit is yearly

Environment

Hours

Standard business hours are 8:30 AM-5:00 PM.

Compressed Summer Schedule

7.5 hour working day, with flexible schedule.

Some positions are not eligible to participate.

Attire

Business casual Monday-Thursday, casual on Friday.