Summary of Benefits
All employees are eligible for the following benefits on the 1st of the month following 30 days of full-time regular employment, while working a minimum of 30 hours/week unless otherwise noted below. Benefits are subject to change at the discretion of Prescott Metal/EAM.
Prescott Metal/EAM offers a $2,500 deductible self-insured medical plan, administered by Patient Advocates. We also offer a $5,000 deductible plan (Prescott pays the employee contribution portion of the premiums for the $5,000 deductible plan)
Deductible $2,500 Ind. / $5,000 Fam.
Out of Pocket Max $5,500 Ind. / $11,000 Fam.
Coinsurance after deductible 80% 20% after deducible
Co-Pays $25 PCP / $35 Specialist
Routine Eye Exams (1 per benefit period) $25 copay
Southern Scripts Rx
RX (30 day) Local Pharmacy $15/$30/$60/Specialty 30% co-insurance to$350
Mail Order RX (90 day) $30/$60/$120/Specialty 30% co-insurance -to$350
Employee 2500 Medical Contribution weekly deductions:
Employee Only $35.25
Employee & Spouse $108.10
Employee &Child(ren) $84.60
Family $141.00 5000 Plan Medical Contribution weekly deductions Employee Only $0.00
Employee & Spouse $98.41
Employee &Child(ren) $77.01
Dental insurance is administered by Principal Dental. Preventive covered at 100%, Basic services 80%, Major services 50% In-Network and Non-Network providers.
Employee Contribution to Premiums per Pay Period (weekly deductions):
Employee Only $0.00
Employee & Spouse $6.83
Employee & Child(ren) $12.42
Family $20.74 Employee Reward Program Points given for wellness plan participation, and employee recognition.
Voluntary employee-paid benefit consists of $25.00 co-pay for lenses, $150.00 allowance for frames, elective contacts are $60 co-pay for standard and premium elective contacts (fitting & evaluation). Certain lens enhancements at additional cost. Non-network provider reimbursements. VSP Choice Network.
Employee Only $1.04
Employee & Spouse $2.45
Employee & Child(ren) $2.67
Flexible Spending Account (FSA)
The flexible spending account (FSA) allows employees to set aside pre-tax dollars to use for out-of-pocket medical/dental/vision and/or dependent care expenses. This benefit is entirely funded by the employee and the administrator is Group Dynamic. The plan year for the FSA is 1/1–12/31.
Group Life Insurance (including AD&D) Short-Term Disability and Voluntary Long-Term Disability
The group basic life and AD&D and short-term disability benefit is full paid by Prescott Metal/EAM and administered through Principal. Eligible employees receive $10,000 in basic life and AD&D, at no cost to the employee. Short term disability pays 66 2/3% up to a maximum of $1,000 weekly and is subject to an eight (8) day elimination period, at no cost to the employee.
Voluntary Life Insurance Guarantee issue to $100,00 of coverage without having to complete a medical questionnaire. Eligible employees can get up to $300,000 of coverage with acceptable medical history. Spouse coverage minimum of $5,000 to a guarantee issue of $30,000 and a maximum of $100,000 not to exceed 50% of your coverage. Child(ren) coverage is $10,000.
Legal Shield, Small Business Supplement (effective 11/16/2020) Membership includes: direct access to a law firm, legal advice, letters and calls on your behalf, contracts & document review, residential loan assistance, will preparation, speeding ticket assistance, IRS audit assistance, trial defense, divorce-separation-adoption-name change assistance, 25% discount on services for DUI, bankruptcy, criminal charges, personal injury, 24/7 emergency access.
Legal Shield Individual: $4.37 per week
Home Business Supplement: $additional $2.30 per week
Combined: $6.67 per week.
We also offer voluntary supplemental insurance plans which include accident and critical illness.
Employees are eligible to begin contributing to the 401(k) plan if they are at least age 21 as of the first of the month following 30 days of service. Prescott Metal/EAM will begin a discretionary match of 50% of employee deferrals, up to a maximum of 3% after one year of service. Employee deferrals will always be 100% vested. The employer vesting schedule is 0% for less than 2 years of service and 100% after 3 years of service.
Vacation is based on an annual accrual.
Paid Vacation time is available to eligible employees to provide opportunities for rest, relaxation, and personal pursuits, and it accrues annually based on the schedule below:
HOURS ACCRUED PER WEEK
80 hours after 1 year of service
120 hours after 3 years of service
160 hours after 7 years of service 40 hours of Maine Earned Paid Leave (EPL) to be used as employees see fit.
After six (6) months of employment, employees may apply for education assistance up to a maximum of $1,000 per calendar year.
Tools & Equipment Assistance
New employees can use company-owned tools to start, and after three (3) months of employment, regular full-time employees receive a 50% discount off the purchase price of approved hand tools used for work.
Work Boot Assistance
Regular full-time employees are reimbursed a maximum of $100 per year for approved work boots that meet safety guidelines.
Prescott Metal/EAM will pay up to $100 for prescription safety glasses through a preferred provider. On-Site Fitness Center Includes free weights, pull-down machine, elliptical, treadmill, stationary bike, dumbbell racks.