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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. The Greer Group pays a percentage of the insurance
cost based upon an Associate's tenure with us.
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:
|
· |
Physican Office Visit Indemnity Benefit up to $5,000 per year |
|
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PPO Network discounts |
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· |
Prescription Drug Indemnity Benefit that includes 80% after deductible up to $2,000 outpatient max |
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· |
Life Options |
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· |
Dental Options |
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Discount Vision Plan |
Total
Premium Cost
|
Monthly
|
Weekly |
| Single |
$77.91 |
$17.98 |
| Associate
+ 1 dependent |
$158.12 |
$36.49 |
| Family |
$210.90 |
$48.67 |
If you work 32 or more hours in a given week, Greer will contribute a percentage of the single premium based on the following pre-tax schedule:
****Associates who are in our managed payroll programs are eligible to participate, but will not receive Greer contributions. ****
| Greer
Percentage |
Length
of Service |
Monthly
Greer
Cost |
Monthly
Associate
Cost |
Weekly
Associate Cost |
| 0% |
under 6 mos. |
$0.00 |
$77.91 |
$17.98 |
| 15% |
6
to 12 mos. |
$11.69 |
$66.22 |
$15.28 |
| 25% |
13 mos. plus |
$19.48 |
$58.43 |
$13.48 |
Associates may elect dependent coverate at their own cost.
In addition, 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 919-571-1646 ext 149. Also, you can access Essential StaffCARE's website and make sure to choose Essential StaffCARE from the Benefits Plan drop down box.
Additional Benefits
We also offer several benefits through
our affiliation with AFLAC that Associates can opt to add
onto their benefits plan at a group rate. Some of these benefits
specify Section 125 salary deductions. Associates are eligible
to select from these benefits after 30 days of employment
with The Greer Group. They must maintain an average of 32
hours per week or more in order to continue their coverage.
These benefits are portable if Associates choose to leave
our employment.
Short Term Disability
Benefits include: payment for loss
of work due to an accident or sickness. Associates are
able to select the day on which coverage begins.
Dental Insurance
Benefits include: payments toward 2 cleanings per year
per covered Associate and payments toward dental treatment
after waiting periods have been met.
Accident Insurance
Benefits include: 24-hour accident coverage, payment directly
to the insured, hospital confinement benefit, accidental
death and dismemberment, wellness benefit.
Cancer Insurance
Benefits include: Home health care, nursing services,
experimental treatment, hospital confinement, cancer wellness
screening.
Intensive Care Insurance
Benefits include: Daily hospital intensive care unit benefit,
organ transplant benefit, and sub-acute intensive care
unit benefit.
Life Insurance
Coverage up to $100,000 and the option to cover spouse
and/or children.
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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