Eligibility: Full Time Regular Stakeholders on date of employment if properly enrolled within 30 calendar days of date of hire unless otherwise specified.
MEDICAL**
**Wichita
may provide optional plan
In-Network
Office Visits - Co-Pay
Other Services - $500
deductible + co-insurance
Out-Of-Network
All services subject to deductible
Prescriptions
3-Tiered Co-pays
Pharmacy (30 day supply)
Pharmacy by mail (3 month supply)
Wellness Incentives
Up to $300 in Premium Rebates Available for 2007
FLEX SPEND ACCOUNTS
Health Care
Available at open enrollment only
$100 minimum/year
$2,500 maximum/year
Dependent Care
Eligible after 30
days of employment
$100 minimum/year
$5,000 maximum/year (per IRS guidelines)
DENTAL
(Maximum annual benefit - $2,000/person)
Services
Deductible?
Plan Pays
Diagnostic
No
100%
Basic
Yes
80%
Major
Yes
50%
Orthodontic Services
(Braces)
(Must have
participated in NORDAM Dental Plan 12 consecutive months)
One Time Orthodontic
deductible
Plan pays 50%
Lifetime max = $2,000
VISION
Services
Eligibility
Exams
every 12 months
Lenses or Contacts
every 12 months
Safety Lenses
every 12 months
Frames and Safety Frames
every 24 months
DISABILITY PLANS
(no cost to Stakeholder)
Short Term
Eligibility: Full-time regular
Stakeholders after 6 months of active employment.
Long Term
Eligibility: Fulll-time regular
Stakeholders after 60 days of active employment.
401(k) RETIREMENT PLAN
Enrollment Options
Elect 1-75%
Auto-enroll at 3%; or
Waive
Catch-up Provision
Eligibility: 401(k) participants aged 50 or older
Company Match
Eligibility: After 1
year of service
50% of first 6% of
Stakeholder contribution
Fully Vested
immediately
Profit Sharing
Eligibility: Must be actively employed on 12/31 after 1 year of service
NORDAM fully funded
Fully Vested
immediately
LIFE/AD&D PLANS
Basic Life/AD&D
No cost to
Stakeholder
125% of Base Salary
up to $50,000
Matching amount for
AD&D
Eligible on date of hire
Travel AD&D
No cost to
Stakeholder
AD&D coverage
while traveling on NORDAM business
Eligible on date of hire
Optional Life
Post-tax payroll
deduction
Stakeholder, Spouse,
Child and/or AD&D Plans
Eligible after 30 days of employment
OTHER BENEFITS
Educational Assistance
Eligibility: Full-time regular Stakeholders after 6 months of active employment.
Up to $5,000
Reimbursement per year
Employee Assistance
No cost to
Stakeholder
24-7 assistance
available for Stakeholder and family
Vacation
Eligibility:
Full-time regular Stakeholders
6 months
40 hours
1 year
40 hours
2 years
80 hours
3 - 9 years
120 hours
10 - 19 years
160 hours
20 and more
200 hours
Personal Time
Eligibility: Only
full-time regular Hourly Stakeholders
40 hours on
anniversary date
Holidays
(Actual dates announced annually)
New Year's Day | Good Friday |
Memorial Day | July 4th | Labor Day | Thanksgiving | Thanksgiving Friday |
Christmas Holiday (2 days)
