| Absence
Pay
All full-time
employees are eligible to accrue absence time
and receive Absence Pay for selected holidays,
vacation, sick leave, or personal days. Employees
may use their absence time interchangeably
for holidays, vacation, personal leave, or
sick leave. Part-time employees are also eligible
for absence time accrued each year based on
the total hours worked.
Insurance Plans
DR
Technologies offers qualifying full-time employees
plans that include health, dental, vision,
life, and long-term disability insurance.
The
group health and medical plans are provided
by Aetna (HMO, PPO and HDHP) and Kaiser (HMO).
The vision coverage is also through Aetna.
These comprehensive plans are funded through
payroll deduction.
Term
life insurance, for qualifying employees,
up to $50,000 is provided by the Company.
Employees may secure additional coverage and
dependent coverage at their expense. The Company
also provides short and long-term disability
benefits.
Flexible Spending
Accounts
The company
offers two types of Flexible Savings Accounts
(FSA) so you can set aside a specified amount
of pre-tax salary through payroll deductions
to cover health care expenses and dependent
day care expenses.
Employee Assistance
Plan (EAP)
Another benefit
that is provided to all Employees is the Employee
Assistance Program (EAP) through Aetna Behavioral
Health. This is a company paid benefit that
offers completely confidential assistance
available 24 hours a day, 365 days a year.
Access is available to all household members.
Retirement Plan
Eligible
employees may participate in the Company retirement
plan, which includes a 401(K) Plan and Employee
Stock Ownership Plan (ESOP).
Employees
may contribute to the 401(K) Plan through
payroll deduction, subject to IRS rules, and
the Company will make a 50% matching contribution
up to 5% of salary. The employee may select
from 35 mutual funds offered by Fidelity Investments.
Matching contributions vest in annual installments
over three years.
The
Company makes annual contributions of common
stock or cash to an Employee Stock Ownership
Plan Trust in amounts determined by the Board
of Directors based upon Company performance
and profitability. Employees are eligible
for the ESOP after completing one year of
service. Accumulated benefits under the Plan
are paid out over several years upon retirement
or following termination of employment.
Bonus Plan
Employees
are eligible for cash bonuses, including spot
bonuses, for special accomplishments and end
of year cash bonuses. The annual bonus pool
depends upon the Company's financial performance
each year.
Stock Option Plan
All
employees are eligible for option grants under
a Stock Option Plan that offers the opportunity
to purchase Company stock, under terms defined
by the Company’s Board of Directors.
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