Benefits

To be eligible for medical, dental, the flexible spending plan and 401(k) benefits, the employee must receive a StuartCo payroll check from which the premiums can be deducted. Medical, dental, 401(k) and flexible spending account contributions are withheld on a pre-tax basis. Coverage for medical, dental, life and flexible spending benefits is effective the first day of the month following 60 days of continuous employment.

Dental Insurance

StuartCo offers Delta Dental insurance coverage to regular employees actively working 30 or more hours per week. Coverage includes Diagnostic, Preventive, Basic Services, Endodontics, Periodontics, Oral Surgery, Major Restorative, Prosthetics, and Orthodontics. Coverage options include Employee Only, Employee + Spouse, Employee + Child(ren), and Family.

Medical Insurance

StuartCo offers Bind medical insurance to regular employees actively working 30 or more hours per week. Our medical plan is a co-pay plan with no annual deductible. Bind’s core coverage includes Preventative, Primary and Specialty, Urgent, Emergency and Hospital, Chronic, Maternity and prescriptions. Coverage options include Employee Only, Employee + One, and Family.

401(k) Retirement Savings Plan

Regular employees may begin voluntary participation in this plan after satisfying the age and service eligibility requirements: Attainment of age 21 and one year of continuous employment plus 1,000 hours of service during the one-year waiting period are required. StuartCo will make a matching contribution of 50% on every dollar saved by the employee for his/her first 6% contributed. There is a vesting schedule on employer-matched monies, the plan allows for rollovers from previous employers, and hardship loans are permitted under this plan.

Life Insurance

Regular employees who actively work a minimum of 30 hours per week are eligible for this benefit. The basic group term life and accidental death & dismemberment coverage is two times the employee’s annual base compensation to a maximum of $200,000. StuartCo pays the entire cost of this benefit.

Short-Term Disability Insurance

This group disability insurance plan pays 60% of an employee’s total weekly base compensation to a maximum of $1,000 per week if the employee were to become disabled. The benefit payment would begin on the 15th day of disability and continue for a maximum of eight weeks. All accrued PTO must be used during this waiting period. Regular employees who actively work a minimum of 30 hours per week are eligible for this plan, with coverage beginning the first day of the month following 60 days of continuous employment. StuartCo pays the entire cost of this benefit.

Long-Term Disability Insurance

This group disability insurance plan pays 60% of an employee’s monthly base compensation to a maximum of $10,000 per month if the employee were to become disabled. If eligible, the benefit would begin on the day following 90 days of disability and may continue up to the time the employee reaches Social Security Normal Retirement Age (65-67 years old). Regular employees who actively work a minimum of 30 hours per week are eligible for this plan, with coverage beginning the first day of the month following 60 days of continuous employment. StuartCo pays the entire cost of this benefit.

Flexible Spending (Section 125) Plan

Regular employees who actively work a minimum of 30 hours per week may pay for certain eligible expenses on a pre-tax basis, thus reducing the employee’s taxable income. Eligible expenses include medical, dental, and vision expenses not covered by insurance; and dependent care expenses.

Participating employees pay no federal income tax, state income tax or social security tax on any dollars allocated to the plan.

Paid Time Off (PTO)

Employees begin accruing paid time off (PTO) from their date of hire. Paid time off is provided for all time off needs. The year begins January 1; an employee may carry over a portion of the current year’s accrual into the following year (limitations apply). Time off usage and accrual balances will appear on the employee’s pay statement, with accrual rates increasing based on years of service. Paid time off will accrue based on each regular hour worked (not including overtime hours).

Holidays

StuartCo employees observe the following seven holidays each calendar year: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Eve and Christmas Day.

Rent Discount

Any employee actively working 30 or more hours per week who chooses to live on a StuartCo property will receive a 10% reduction off the market rent. A rent allowance may reduce an employee’s taxable compensation. Eligibility for this rent discount is effective once all pre-employment screenings are successfully completed and the employee is allowed to move onto the property.

Miscellaneous Benefits

Some of the other benefits StuartCo offers to eligible employees include: parental, bereavement, jury duty, and military leave, wellness discounts, fitness facility discounts, credit union membership, access to additional accident/critical care and short-term disability insurance, discount tickets to the Renaissance Festival and other local attractions, and party room use.