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Benefits
SOURCE offers comprehensive, competitive benefits for our full-time team members. From a 401k plan to health insurance and short- and long-term disability to holiday and personal time off, SOURCE values its team members.
| Benefit |
Paid By |
Eligibility |
You Receive |
| 401(k) Plan |
SOURCE & You |
1st of the month following completion of ninety (90) days of credited service. |
SOURCE will determine at the beginning of each plan year what the discretionary match will be. You may contribute up to 100% of your compensation on a pre-tax basis to the 401k Plan, up to Federal limits. Fifty percent (50%) vesting after one year. One hundred percent (100%) vesting after two years. |
Medical Plan |
SOURCE & You |
Upon Hire |
United Healthcare. Open access plan, no primary care physician to choose and no referrals are necessary. Includes prescription plan with a mail order option. SOURCE pays a significant portion of your premiums. Your portion of premium is paid on a pre-tax basis. |
Dental Plan |
SOURCE & You |
Upon Hire |
Choice of an Indemnity or DHMO Plan. Coverage includes routine, preventive, and restorative treatment. There is $1,000 annual maximum benefit for the Indemnity Plan. With DHMO there is no annual maximum. |
Life Insurance |
SOURCE |
Upon Hire |
One (1) times your base salary. |
Additional Life Insurance |
Employee Only |
Upon Hire |
Up to five (5) times your base salary, up to a maximum of $500,000. |
Accidental Death & Dismemberment |
SOURCE |
Upon Hire |
One (1) times your base salary. |
Short-Term Disability |
SOURCE
|
Upon Hire |
60% salary replacement after 5 days of disability. |
|
Long-Term Disability |
SOURCE |
Upon Hire |
66 2/3% salary replacement after 26 weeks of disability, $10,000.00 maximum
monthly benefit. |
Health Tax-Saver Select Account |
Employee Only |
Upon Hire |
You may reduce your salary up to $5,000 per year to be used for reimbursement
of approved health care expenses, not covered by the medical plan. |
|
Vacation |
SOURCE |
0-1 Year
1-5 Years
5-10 Years
10+ Years |
Pro-rated first calendar year
80 hours/calendar year
120 hours/calendar year
160 hours/calendar year |
|
Holidays |
SOURCE |
Upon Hire |
Seven regular holidays per year and one floating holiday. |
|
Sick Pay |
SOURCE |
Upon Hire |
Accrues at a rate of 1.85 hours per pay period up to a maximum of 464
hours. |
|
Jury Duty |
SOURCE |
Upon Hire |
Base pay during your absence up to a total number of days to be determined
by the division Vice President. |
|
Worker's Compensation |
SOURCE |
Upon Hire |
Weekly compensation benefits as provided by the state in which you work
if you are disabled at work. |
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