This is a short recap of employee benefits to cover new employee frequently asked questions.
Our Employee Handbook covers benefits in more detail.
Available the first of the next month after 60 days of employment.
No cost to the employee or their dependents
Medical Insurance: First Administrators Inc.
Deductible is $1000 per person/$2000 per family. Co-payment is 50% of next $4000/Individual and $8000/Family.
Prescription card allows for purchase of medication at $5/generic, $30/brand name and $50 single source. Also access to mail order for one price/ 90 day supply on long term medications.
Preventive/Routine Care
pays $250 annually - no deductible
Accident - pays $500 - no deductible (emergency room or doctor expenses)
Doctor office visits - $40 office co-pay
Dental Insurance
See any dentist - no approvals necessary. Dental claims are filed with First Administrators and paid per the following schedule:
100% of first $100 per person, per year.
50% thereafter until maximum payback of $700 per covered person per year.
Cafeteria Plan
A medical reimbursement plan to reduce your taxes. Money that is paid into this savings account is paid back to you as you incur medical expenses that are not covered by medical insurance. Examples are eye glasses, deductibles, co-pays, hearing aids and other medical equipment prescribed by medical doctors. Maximum per year is $3000. Must be used for medical purposes and must be used by end of the year or lose it.
Also, can use for dependent care with qualifying dependent with a maximum per year of $5000.
Employees may enroll after a waiting period of 60 days at the next enrollment date.
Enrollment dates are the first of January, April, July, and October.
L&H will match one-half of employees' 401(K) contribution to a maximum of 4%.
Employees may contribute from 2% to 90% and decide which funds to invest in.
Daily valuations may be accessed by an 800 number or our provider's web site.
Employees may change which funds their money goes into on a daily basis.
Loans are also available. A maximum of 1/2 of employee's vested account
balance and a $1000 minimum. Loans are paid back by payroll deduction and
interest goes into the employee's account.
Beginning in 2005 a Years-of-Service is increasing the company match every 5 years by 1%.
This means after 5 years the match is 5%, 10 years is 6%, 15 years is 7%, and after 20 years the match is 8% with a maximum of 8% contribution.
Employee contributions plus the gain (or loss) are 100% vested. L&H matching
funds are earned on a vesting schedule of 20% per year. After 5 years an
employee's account balance is 100% vested.
Everyone's Anniversary Date is January 1
First year hired: Earn 4 hrs of vacation for each full month worked to a maximum
of 40 hrs available to be used the following year.
Second year :40 hrs; Third year: 80 hrs; Seventh year 120 hrs.
Paid Holidays
| New Years Day | Memorial Day |
| July 4th | Labor Day |
| Thanksgiving Day | Christmas Day |
Personal Days
Six each year to employees hired before the end of the current year to be
used next year. Personal days accrue in the first year of hire.
Sick Days
Five per year to employees hired before the end of the current year to be used
next year. Sick days are not available until an employee has missed five consecutive
days, then they qualify.
Employees and family members who attend a fitness club at least 8 times during a month will be reimbursed the cost of their membership each month. Example: monthly family membership is $65 and each family member attends the club 8 times, employee is reimbursed the $65 on the next month's check.
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