Effective on Date of Hire
The following benefits are effective and available upon date of hire
Health Insurance - cost shared by Company and associate (will vary according to selected plan and number of covered dependents)
- $1 Million Policy Limit
- Prescription drug benefit available under all health plans
Dental Insurance - cost shared by Company and associate (will vary according to number of covered dependents)
- No deductible for preventative care
- $50 individual / $150 family deductible
- Basic services covered at 80%
- Major services paid at 50%
- Orthodontia - $1,000 lifetime max.
Vision Benefit - cost shared by Company and associate (will vary according to number of covered dependents)
- Covers eye exam every 12 months
- Covers lenses every 12 months
- Covers frames every 24 months
- Contacts may be substituted for glasses
Holidays - may vary slightly from year to year, based upon the annual calendar
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving (& Friday after)
- Christmas Day
Employee Assistance Plan - cost paid by Company
- Provides wide assortment of resources to help associates balance personal and professional demands
- Completely confidential
Effective After 90 Days
The following benefits are effective & available after 90-day probationary period
Paid Time Off (PTO) - cost paid by Company
- Accrues monthly from date of hire
- Number of PTO days varies by years of service:
- 1-5 years = 16 PTO days
- 10-14 years = 21 PTO days
- 20 years = 26 PTO days
- 30+ years = 31 PTO days
401(k) Plan - cost shared by Company & associate (will vary according to level of associate contribution)
- Company contributes 3% of associate’s annual salary
- Additional discretionary company contribution may be deposited
- Associate may contribute up to 75% of salary (subject to IRS maximum)
Incentive Plan - cost paid by the Company
- Pays a percentage -- up to 10% of associate's salary -- based upon the company's annual combined trade ratio (profit)
- Prorated for partial year employment
Life Insurance - cost paid by the Company
- Benefit is 2.5 times associate’s annual salary
- Associate selects beneficiaries at time of hire
Short Term Disability Insurance - cost paid by the Company
- First 5 days covered by PTO (or unpaid if no PTO)
- Days 6-30 company pays 100 percent of associate salary
- Pays 70% of associate salary for up to next 9 weeks
- Converts to long-term disability after 93 total days of disability
Long Term Disability Insurance - cost paid by the Company
- Begins after short-term disability has been exhausted
- Pays 60% of associate salary up to age 65
Effective After 1 Year
The following benefit is available after 1 year of service
Education Assistance - cost paid by the Company
- For college classes and other continuing education opportunities
- $5,250 annual maximum
Optional Associate-Paid Benefits
The following optional benefits are available upon date of hire
Flexible Benefits Plan - cost paid by associate
- Health Expenses
- Pre-tax deduction
- Reimburses out-of-pocket medical expenses not covered by other insurance
- Use-it-or-lose-it
- Medical, dental, eye-care
- Dependent Care Expenses
- Pre-tax deduction
- Reimburses out-of-pocket care expenses for eligible adult or child dependents (day care)
- Use-it-or-lose-it
Long Term Care Plan - cost paid by associate
- Cost for associate paid through payroll deduction
- Select daily benefit level:
- $100
- $150
- $200
- Select additional options:
- Nonforfeiture Benefit
- Inflation Protection
- Accelerated Payment
- May be extended to eligible family members – direct billed
