Flexible Benefits Plan

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.

The following benefits are paid for by ParenteBeard:

PTO (Paid Time Off):

• Effective 1st of the month following official date of hire.
• First year exempt staff receive 20 PTO days.
• Part-time (20–29 hours per week) and full-time (30+ hours per week) employees receive PTO days based on length of service.
• Please contact Human Resources for more information.

Life/AD&D Insurance:

• Effective 1st of the month following official date of hire.
• Insurance amounts calculated at approximately 2 times

The Employee Assistance Program:

• Confidential, professional consultation and referral services.

Long-Term Disability:

• Effective 1st of the month following official date of hire.
• 60% of monthly earnings.
• $10,000 monthly maximum.
• 90 day waiting period.

Short-Term Disability:

• Effective 1st of the month following official date of hire.
• 60% of weekly salary.
• Maximum $1,200 per week.
• Elimination period 7 days.

The following benefits are optional and are paid for entirely by the Team Member:

Short-Term Disability "GAP" Insurance:

• Optional AFLAC protection plan. Provides a monthly benefit from $500 – $5,000, for up to 3 months depending on income level and coverage selection.

Personal Cancer Insurance:

• Optional AFLAC protection plan. Plan designed to provide cash payment in the event you or a family member is stricken with cancer.

Specified Health Event Insurance:

• Optional AFLAC protection plan. Plan provides a lump-sum benefit of $2,500 ($5,000 for dependent children) that will be paid for the first occurrence of a Specified Health Event. Additional benefits help you to control the out-of-pocket costs associated with a critical illness.

Personal Sickness Insurance:

• Optional AFLAC protection plan. Plan designed to provide a cash payment directly to you to help defray the costs of specific services and/or procedures required to treat illness.

Additional Life Insurance:

• Available for you, your spouse and your dependents.
• $150,000 and $50,000 available to you and your spouse, respectively, regardless of your health.
• Evidence of insurability is required for amounts exceeding $150,000 and $50,000 for you and your spouse, respectively.

Optional Vision Insurance:

• Voluntary vision plan through Vision Service Plan (VSP).
• Provides both eye exams and eyewear from one of the nation’s largest vision providers.