This is an abbreviated summary. For full details
about the firm's employee benefits plans, please request a copy
of the individual benefit plan descriptions from the Personnel
Director.
BENEFIT
ELIGIBILITY
EMPLOYEE CONTRIBUTION
Vacation
Vacation is 5 days per year for employees with service of
6 months to one year, 10 days for service of more than 1 and
less than 6 years, 15 days for service of 6 to 11 years, and
20 days for service of more than 11 years.
6 months service
N/A
Sick
Time
Non-exempt employees may take 8 paid sick days per year. (Four
in the first year)
6 months of service
N/A
Holidays
Employees receive the day off with pay for each holiday the
firm observes--typically 8 per year.
Date of Hire
N/A
Floating
Holidays
Employees are eligible to take 2 floating holidays per year.
1 year of service
N/A
Health
Insurance
Comprehensive health maintenance organization coverage; preventative,
out-patient, in-patient and emergency medical care through network
providers. See plan brochure for details.
First day of month following 30
days of full-time service
Single has modest contribution;
employee + 1 and family available at employee cost
Dental
Insurance
Two plan options are available: 100% coverage for preventive
care in both plans; basic and major services covered at 50-100%
depending on plan. Orthodontia at 50% with DMO plan only. $2000
annual maximum benefit with DMO, $1000 with traditional plan.
See plan brochure for details.
First day of month following 30
days of full-time service
Single has modest contribution;
employee + 1 and family available at employee cost
Life
Insurance
$50,000; benefit paid to named beneficiaries. Accidental death
and dismemberment coverage at 1 x annual salary.
First day of month following 30
days of full-time service
N/A
Short-Term
Disability Insurance
Pays 60% to 80% of monthly earnings after 10 consecutive days
of disability for up to 24 weeks
First day of month following 1 year
of full-time service
N/A
Long-Term
Disability Insurance
Pays 60% of monthly earnings after 6 months of disability.
First day of month following 30
days of full-time service
N/A
Retirement
Plan (Keogh)
A Defined contribution plan is offered. Firm contributes an
annual discretionary percentage or amount of employee's total
pay. Employees are fully vested after 6 years of service.
On the July 1 or January 1 following
completion of one year of service. Minimum 1000 hours per year
N/A
401(k)
Employees may elect to deduct before-tax contributions to the
retirement plan with full vesting.
Employee Voluntary
Dependent
Care Reimbursement
Employees can pay for child care expenses with pre-tax dollars.
See plan documents for details.
Can enter on the first day of each
calendar quarter
Employee Voluntary
Flexible
Benefits Plan (Section 125)
Employees can pay for medical expenses not covered by insurance
with pre-tax dollars. See plan documents for details.
First day of month following 30
days of full-time service
Employee Voluntary
Transportation
Fringe Benefit Plan
Employees can pay for qualified parking and transit passes with
pre-tax dollars. See plan document for details.
First day of month following 30
days of full-time service
Employee Voluntary
Tuition
Reimbursement Plan
Employees are reimbursed up to $750 per year and up to $3,000
cumulatively for tuition costs for courses deemed relevant and
necessary to employees current or future job responsibilities
at the firm.
Completion of course
100% if he or she earns a grade of
B or higher; 50% if a C or higher; and 20% if a C- or lower
Seminar Policy
The firm pays in advance the cost of professional development
seminars related to an employee's job responsibilities, subject
to prior approval.
