Cost is shared by Team Member and ParenteBeard for the following benefits:

Medical\Prescription Coverage:

• Blue Cross/Blue Shield BlueCare PPO (Enhanced or Base Plans Available).
• Effective 1st of the month following official date of hire.
• Employee contribution is 20% of the cost at any coverage level and qualifies for pre-tax savings under a Section 125-Cafeteria Plan.
• ParenteBeard contributes 80% of the cost of the medical plan for all coverage levels.

Guardian DentalGuard PPO:

• Effective 1st of the month following official date of hire.
• Employee contribution is 50% of the cost of the coverage level selected (single or family) and qualifies for pre-tax savings under a Section 125-Cafeteria Plan.
• ParenteBeard contributes the remaining 50%.

401(k) Retirement Plan:

• The ParenteBeard LLC 401(k) Retirement Plan (the “Plan”) is provided by Fidelity Investments.
• Team members are eligible to make elective deferrals immediately upon employment.
• You may contribute up to 50% of your compensation through payroll deduction.
• Traditional and Roth options are available to allow contributions on a pre-tax or after-tax basis.
• Eligibility for Firm contributions begins after one year of employment and 1,000 hours of service.
• Once you meet the eligibility requirements, Firm contributions are made to your account each payroll period, at a rate of 3% of compensation.
• Firm Contributions are 100% vested after two years of employment.
• Automatic Increase Program – Team members can elect to increase deferral amounts automatically on an annual basis.

ParenteBeard Benefits Plan Year
ParenteBeard’s Plan Year is effective January 1 through December 31. Your benefit selections remain in effect for the Plan Year unless your circumstances change due to a life event, which is defined as marriage, divorce, death, birth or adoption of a child or loss/gain of a spouse’s medical coverage.

Questions about our benefits should be directed to our Human Resources Department.