Hourly Associates who maintain 18 or more work hours per week for 30 consecutive days are eligible for a plan administered by Essential StaffCARE and underwritten by Blue Cross Blue Shield. It is a group plan that is pre-tax approved.

This plan is a Health Indemnity plan. The benefits are structured for every day types of use and they provide some coverage for medical expenses such as hospitalization. The plan features include the following Medical benefits:

·
Physican Office Visit Indemnity Benefit up to $5,000 per year
·
PPO Network discounts
·
Prescription Drug Indemnity Benefit that includes 80% after deductible up to $2,000 outpatient max
·
Life Options
·
Dental Options
·
Discount Vision Plan

Total Premium Cost
Weekly
Single $17.98
Associate + 1 dependent $36.49
Family $48.67

Greer only offers weekly options because this program is a week to week based insurance.

Life, Dental and Short Term Disability options are available for purchase at the Associate's cost. If you are interested in learning more about this plan, please speak with your Client Service manager or our Benefits & Payroll Administrator, Becki Duncan at 919-747-2707. Also, you can access Essential StaffCARE's website and make sure to choose Essential StaffCARE from the Benefits Plan drop down box.

Associate Vacation
The Greer Group recognizes the importance of vacation time in providing the opportunity for rest, recreation and personal activities and grants annual paid vacation to its regular Associates. The amount of vacation time to which Associates are entitled depends on their status as an Associate and on their length of service starting from their original hire date.

Associates are eligible for one week of vacation pay at their average rate of pay when they have worked the required hours in the preceding 12 months. A minimum of 2080 hours in the preceding 12 months, beginning from the original hire date to the first anniversary is required for full-time regular Associates. The anniversary date will be used to evaluate vacation eligibility for each additional year.

Associates will not be eligible to accrue vacation time while on military or family leave or during any personal leave which lasts more that thirty (30) days.

 

401 K
The Greer Group offers a 401K  Plan with American Funds for eligible participants. This is based on the requirement that they worked for 12 months and have a minimum of 1000 hours. The entry dates are January 1st and July 1st each year after completion of service requirements.

Participants determine how their money will be invested and what percentage of their salary they want to set aside (Minimum 1% and maximum of 75% but not to exceed $15,500 in 2008).  Contributions are automatically deducted from their paychecks each week and invested in up to 10 funds of their choosing. 

The Greer Company will make a safe harbor match contribution not to exceed 4% of the participant’s salary in a year as scheduled below.  Contributions will be made monthly to contributors accounts.

Participant Contributes

Greer Group Contributes

1%

1%

2%

2%

3%

3%

4%

3 ½%

5% to 75%
BUT can not exceed $15,500

4%

Some Clients will be billed weekly 4 % in order for Greer to match investments.

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Copyright 2004. The Greer Group, Inc. All rights reserved.