Gremada Industries is pleased to offer the following benefit package to all salaried
and hourly employees that work an average of 40 or more hours per week. Further
details can be obtained from the Human Resources department, the Employee Handbook,
or actual plan documents.
Healthcare Coverage
Eligible employees may enroll in healthcare insurance, including prescription drug
benefits, through CIGNA beginning the first of the month following 3 months of continuous
service. The plan utilizes a preferred provider network with premiums partially
subsidized by the company.
Dental and Vision Insurance
Eligible employees may enroll in group dental insurance through Guardian and/or
group vision insurance through Avesis beginning the first of the month following
3 months of continuous service. Premiums are 100% paid by the employee. The plans
utilize a preferred provider network.
Life Insurance
Eligible employees receive company-sponsored life insurance as well as the opportunity
to purchase additional insurance beginning the first of the month following 3 months
of continuous service. Company sponsored coverage varies; contact Human Resources
to determine your coverage level. Additional voluntary life insurance may be purchased
for you, your spouse, and/or your dependent children. Supplemental Illness and Accident
Insurance – Employees are able to purchase voluntary supplemental illness and accident
insurance beginning the first of the month following 3 months of continuous service.
Short-Term Disability
Gremada provides short-term disability benefits at no cost to eligible employees
after completing one year of continuous service. Short-term disability provides
income at half of your regular wage for up to 13 weeks within a rolling 12-month
period should you become unable to work due to a non-work-related disability.
Long-Term Disability
Employees may purchase voluntary long-term disability insurance beginning the first
of the month following 3 months of continuous employment.
401(K) Retirement Savings Plan
Employees 21 years of age or older may participate in a 401(k) retirement plan beginning
the first of the month after 3 months of continuous service.
The plan offers a variety of investment options and is administered by Fidelity
Investments.
After completing one year of continuous service, employees are further eligible
for company-matching funds of up to 3% of annual compensation plus additional contributions
at the discretion of management.
Flexible Spending (Section 125 Plan) Accounts
You may elect to deduct pre-tax money from your payroll for dependent and medical
care expenses not already covered by insurance, including insurance premium amounts.
Paid Time Off (PTO)
Paid time is available for vacation, illness and other personal reasons. Full time
employees begin accruing time according to the schedule provided in the employee
handbook, which is based on length of service with the company. Hourly eligible
employees may use time in one hour increments, and up to 40 hours of PTO may be
carried over into the next accrual year.
Holidays
Gremada Industries provides 9 paid holidays to full-time employees immediately after
employment.
Tuition Reimbursement
Gremada Industries provides tuition reimbursement to employees that have been with
the company for a minimum of six months for the cost of non-graduate courses not
to exceed $4,000 per year and the cost of graduate courses not to exceed $8,000
per year.