ELIGIBILITY
To be eligible for the Company benefits, an employee must be employed a minimum of 30 days, and must be full-time. 401(k) benefits are available at 90 days of employment.
PAID HOLIDAYS
Full-time employees have the day off with pay on the following scheduled Company holidays:
New Year's Day
July 4th
Labor Day
Memorial Day
Thanksgiving Day
Christmas Day
HEALTH INSURANCE
Health, Dental, Vision, and Life insurance are included in the Company benefit package, and depending on the coverage chosen, may require a payroll deduction.
If an employee elects not to participate in the Company health insurance plan, he/she will not be allowed to receive a higher wage in lieu of this benefit.
Eligible employees must enroll in these benefits within 30 days of their eligibility date. Once that time has passed, the employee must wait for the next open enrollment period or within 30 days of a qualifying event to enroll in benefits.
PAID TIME OFF (PTO)
Banctel.com, LLC provides Paid Time Off (PTO) for employees to be away from work due to vacation, illness, or other personal requirements. All full time employees are eligible for PTO on a pro-rated calendar year basis. The established PTO period is from January 1 through December 31st of the same year. PTO will begin to accrue after the completion of the thirty (30) day pre-benefit period. No PTO will be earned or paid during the pre-benefit period. In a calendar year, full time employees will be granted PTO according to the following schedule:
0 to 3 years: 3.33 hours accrued per pay period (80 hours of PTO annually)
4 to 7 years: 6.66 hours accrued per pay period (160 hours of PTO annually)
8 years and over: 8.33 hours accrued per pay period (200 hours of PTO annually)
401 (K) PLAN
After the completion of the 90 day pre-benefit period full time employees are eligible for enrollment in the Company's 401(k) plan. Through a payroll deduction your contribution will be deposited into the account.
FLEXIBLE SPENDING ACCOUNT (FSA)
Dependent Care and Health Care Flexible Spending Accounts are available to full time employees after 30 days of employment. Flexible Spending Accounts allow you to pay for dependent care and/or health care expenses at a special tax advantage. By contributing a portion of your payroll dollars into your FSA on a pre-tax basis, you can save up to 40% (actual percentage based on employee's individual tax rate).
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