| 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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