Health, life and disability plans
Life and AD&D Insurance
Each eligible employee to be covered at 1.5 times their annual benefits base salary (Company Paid). In addition, AD&D basic policy covers each eligible employee at 1.5 times annual benefits base salary (Company paid). Supplemental Life and Supplemental AD&D Insurance is also available to employees and their dependents at a reasonable cost.
Short and long-term disability insurance
Short-term disability coverage provided at 60% of benefits base salary (Company paid). Coverage begins on the eighth day of approved disability to a maximum of twenty-six weeks. Long-term disability coverage provided at 60% of benefits base salary (Company paid). Approved disability begins after short-term disability ends.
Business travel accident insurance
Full time employees are covered by business travel life insurance up to 5 times annual benefits base while traveling on company business (Company paid).
- United HealthCare Basic Consumer Driven Health Plan (“CDHP”)*
- United HealthCare Enhanced CDHP*
- Metlife Dental Basic PPO
- Medlife Dental Basic Consumer Driven Health Plan (“CDHP”)*
- VSP Vision (include annual glasses or contact lenses benefit with $25 co-pay)
Flexible Spending Accounts (FSA) & Section 132 Parking and Transit Plans
Pre-tax dollars can be used for a variety of qualified healthcare expenses. Under the plan, an employee can estimate annual out-of-pocket healthcare expenses and set aside funds in a pre-tax account. This account acts much like a savings account that covers future healthcare expenses such as office visit co-pays, deductibles, co-insurance and prescription drug co-pays, as well as things that may not be covered under the health plan, such as acupuncture and Lasik eye surgery. This benefit offers the added convenience of a MasterCard flex debit card. The Plan allows you to contribute up to $2,500/year to a Healthcare FSA. For more information, please visit www.flores247.com or call 1-800-532-3327.
Pre-tax dollars can be used for a variety of eligible dependent care expenses, such as day care, pre-school, eldercare and babysitting that are necessary in order for you to work at your job. This benefit offers the added convenience of a MasterCard flex debit card. The IRS allows each household to contribute up to $5,000 to a Dependent Care FSA. For more information, please visit www.flores247.com or call 1-800-532-3327.
Employees can set aside up to $245 of pre-tax income per month to pay for qualified work-related parking expenses. Pre-tax dollars can also be contributed to this account. This benefit offers the added convenience of a MasterCard flex debit card. For more information, please visit www.flores247.com or call 1-800-532-3327.
Employees can set aside up to $125 of pre-tax income per month to pay for commuting expenses including mass transit and/or van pooling expenses. Pre-tax dollars can also be contributed to this account.
401K Retirement Savings
Employees are eligible to enroll on their first day with the Company. Employees can contribute up to 50% of earnings on a pre-tax basis and 10% post-tax. The IRS limit is $17,500. If you are age 50 or older, you may also be eligible to make additional (catch-up) contributions, up to $5,500.
Employees are automatically enrolled in the 401(k) program at a contribution rate of 3% after 90 days of employment. Employees have the option of increasing or decreasing their deferral percentage as well as opting out.
The Company will match 50% up to the first 6% of pre-tax earnings you contribute to the plan. There is no match on post-tax contributions.
|Years of Employment||Investment Percentage|
|0-2.99 Years||0% Vested|
|3 Years||100% Vested|
Participants may rollover funds from qualified plans into the company’s plan immediately upon hire or anytime thereafter.
Paid Time Off (PTO)
We want to foster an environment that increases employee freedom and responsibility so we can continue to attract and retain innovative people. We want our paid time off process to reflect this priority.
Newly eligible employees may start taking paid time off after completing 60 days of continuous employment.
Employees are expected to meet their goals and get their work done. Time off is a reward for hard work and good results, and, as such, eligible employees (regular full-time staff) can take reasonable amounts of time off with pay as they need it. Management approval is required based on performance and business necessity.
Regular, full-time employees (working 30+ hours per week) who work their regularly scheduled work day before and after a holiday observed by the company are eligible for holiday pay.
Observed Holidays for Each Calendar Year:
- New Year's Day
- President's Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Friday after Thanksgiving
- Christmas Day