Benefits
Davis Calibration offers qualified applicants a dynamic work
environment that will keep your career in motion. Our organization
provides additional on-site exposure to other specialties that will
increase skill level for advancement opportunities.
SUMMARY OF COMPANY BENEFITS
For plan year effective: July 1, 2009 – June 30, 2010
GROUP INSURANCE PLANS: Eligibility is 1st of the month following 30 days of employment except for Short Term Disability. Employees are eligible for Short Term Disability on the 1st of the month following 90 days of employment.
- Medical Insurance – United Healthcare Health Reimbursement Account (HRA), which includes a limited vision benefit. Chose between 2 Options:
- Base Plan:
72% Employer-Paid
- Buy Up Plan:
60%
Employer-Paid
- Dental Insurance – Delta Dental PPO:
50% Employer-Paid
- Supplemental Vision Insurance – United Healthcare Vision:
100% Employee-Paid
- Short-term Disability Insurance – Lincoln National:
100% Employee-Paid
- Long-term Disability Insurance – Lincoln National:
100% Employee-Paid
- Life/AD&D Insurance –
Lincoln National: 100% Employer-Paid
- Voluntary Term Life Insurance – Lincoln National:
100% Employee-Paid
- Flexible Spending Accounts – Hirsch Financial Services
- Medical Care FSA - $5,000 Maximum Annually
- Dependant Care FSA - $5,000 Maximum Annually
401K SAVINGS PLAN:
Eligibility for contribution is the first open enrollment following three (3) full months of employment (January 1, April 1, July 1, October 1).
- John Hancock –
Participants may contribute up to $15,500 into the Plan on a pre-tax basis. The Company may
make a discretionary
match based on prior year performance and may choose to match 50% of the deferral, up to 7% of deferred compensation.
HOLIDAYS:
Nine (9) paid
holidays.
PTO* (PAID TIME OFF):
Accrues per pay period for 23 of 26 bi-weekly pays (1/23/09 – 11/27/09):
>
0 - 5 years = 5.57 hours per pay period or 16 days per year
> 6 years thru 10 years = 7.30 hours per pay period or
21 days per year
> 11 years thru 19 years = 8.00 hours per pay period or 23 days per year
> 20 years thru 29 years = 8.70 hours per pay period or
25 days per year
> 30 years and over = 10.43 hours per pay period or
30 days per year
- NO PTO CARRYOVER - PTO BALANCE MUST BE USED BY 12/31/2009.
- Accrual will be pro-rated for employees working 30-40 hours per week.
- Part-Time employees (less than 30 hours per week) are not eligible for PTO accrual.
OTHER LEAVE:
Jury Duty, Bereavement, Military, Family and Medical
Leave, Short Term Disability, Long Term Disability (voluntary coverage election
required).
REIMBURSEMENTS: Safety Shoes and Glasses ($100 max. per year for shoes) and Professional Development ($2,500 per year)