|
Our vision is one where the Hitchiner employee experience is rewarding and recognized as one of the most prestigious companies to work for within the industry.
Benefits
Hitchiner Manufacturing is proud to offer a comprehensive and competitive employee benefits package at an affordable cost. To support this, Hitchiner pays the majority of the cost for your coverage. We offer the following benefits:
Health & Dental Insurance
Medical Coverage
You choose a level of coverage and cost by electing to participate in either a Health Maintenance Organization (HMO) or Point-of-Service (POS). All medical plans offer comprehensive careincluding coverage for hospitalization, surgery, doctors' visits, prescription drugs, mental health and substance abuse care.
Dental Coverage
Preventative and diagnostic services are covered at 100%. Basic Restorative services are covered at 80%, and Major Restorative services at 50%, to a maximum of $1000.00/year per person.
Disability Insurance
Hospital Pay
Under this plan, you may receive up to 192 hours (24 days) pay per calendar year when you are confined to a hospital for 24 hours or more due to illness or injury.
Short Term Disability
You are automatically enrolled, at no cost, in the basic short-term disability (STD) Plan and may receive benefits if you are absent from work for up to 26 consecutive weeks due to a non work-related illness or injury or pregnancy for six consecutive days or more. Following a five-day waiting period, the Company pays up to 60% of your base pay for up to 26 consecutive weeks of your approved disability.
Long Term Disability
You are automatically enrolled, at no cost, in the Long-Term Disability (LTD) coverage. It provides income replacement when an illness or injury keeps you out of work for more than 26 weeks. You will be paid 60% of your basic monthly earnings, up to a maximum of $5000.00/month. Benefits begin when your STD benefits are exhausted, provided you requalify as totally disabled.
Life Insurance
Basic Life Insurance
Hitchiner provides, at no cost to you, basic life insurance in the amount of $10,000.00.
Supplemental Life Insurance
If eligible, you can buy additional life insurance equal to three times your annual base salary.
Universal Life Insurance for you and your Dependents
Universal life insurance is a type of life insurance where a portion of the premium is used to pay expenses and the cost of insurance, and the balance of the premium goes into the policy's cash accumulation value. The interest earned on this accumulation is tax-deferred and the premium doesn't increase as you grow older.
Accidental Death and Dismemberment
Hitchiner provides, at no cost to you, basic AD&D insurance in the amount of $10,000.00
Supplemental Accidental Death and Dismemberment
If eligible, you can buy an additional $20,000 of AD&D insurance.
Optional AD&D Insurance
You can choose optional AD&D insurance coverage up to 10 times your annual salary, up to $250,000 for you and your family. Your dependents' coverage will be a percentage of the amount you choose for yourself.
Business Travel Accident Insurance
This company-paid plan provides you with accidental death and dismemberment coverage for injuries caused by a covered accident while you travel on company business. Regular commuting to and from work is included.
|
Reimbursement Accounts
Health Care Reimbursement Account
A Health Care Reimbursement Account helps you pay for eligible health care expenses such as co-payments and other services (including vision care, orthodontia, prescription drugs) that you or your spouse's medical and dental plans do not cover or cover only in part. Through payroll deduction, you may set aside on a pre-tax basis up to 2,000.00 per year in such an account.
Dependent Care Reimbursement Account
A Dependent Care Reimbursement Account helps you pay for eligible dependent care expenses using pre-tax dollars. Examples of eligible expenses include most forms of child care up to the age of 13, as well as certain forms of adult care necessary in order for you and your spouse, if married, to work or go to school full time. Through payroll deductions, you may set aside on a pre-tax basis up to $5000.00 per year if single and $2500.00 if married and filing separate returns.
401(k) Plan/Pension Plan
Retirement Savings Plan/401(k)
The Hitchiner Manufacturing Retirement Savings Plan is a 401(k) savings plan that allows you to save up to 15% of your pay on a pre-tax basis (subject to Federal limits). Hitchiner matches 25% of your contribution up to the first 6% (SUSPENDED). The plan offers 10 investment funds in which you may invest your contributions. We also accept rollover contributions from other qualified plans such as from a former employer's plan.
Pension Plan
The Pension Plan for the Employees of Hitchiner Manufacturing is designed to provide you with income during your retirement years. This benefit is contributory and you gain rights to this benefit (become vested) once you have successfully completed five years of service with the Company.
Work - Life Benefits
Vacation
You are eligible to begin earning vacation days starting on your date of hire. You will be advanced your annual vacation on the first of the year. Vacation runs from Jan 1 to Dec 31. There is a 6-month waiting period for new hires.
|
Years of Service | Vacation Days
Advanced on January 1 |
|---|
| 0 - 4 | 10 |
| 5 - 14* | 15 |
| 15 - 24* | 20 |
| 25 or more* | 25 |
*In addition to the above, in certain years only, a bonus of 5 days of vacation will be allotted. These years are year 10, 20, 30, 35 and 40.
Holidays
Hitchiner generally provides an average of 10 holidays per year. Commonly observed holidays include, New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and the day after, Christmas Eve and Christmas.
Leaves of Absence
We offer several types of leaves of absence, including medical, jury duty, military, personal, and family leaves. Hitchiner conforms with the Family and Medical Leave Act (FMLA).
Other Benefits
Employee Assistance Program
The Employee Assistance Program (EAP) entitles you and your household members to confidential counseling and assistance on personal or work-related issues such as family & marital problems, drug & alcohol abuse, stress management, financial difficulties, health problems and emotional stress.
Educational Assistance Program
Hitchiner helps you continue your education by reimbursing tuition and selected fees for approved courses or degree programs.
Home and Auto Insurance
You may purchase home, auto and other available property and casualty insurance through payroll deductions at group rates through METPAY—a program offered by Metropolitan Property and Casualty Insurance Company.
Hitchiner's Scholarship Program
Provides cash awards to deserving students who are children of eligible Hitchiner employees. Awards may be used for costs associated with undergraduate programs, including tuition, room and board, and books.
Note: This web page is not intended to substitute for an official plan document. If there is a conflict between this web page and an official plan document, the official plan document will govern in all cases. Hitchiner reserves the right at any time to change or terminate these plans or your eligibility for benefits under these plans.
|
