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BENEFITS

BENEFITS SUMMARY

The eligibility for joining all SJH benefits is the first of the month after completion of two full months of service.

HEALTH & MEDICAL PLAN

The firm provides health and medical care coverage. Currently, the company offers Health and Dental under Cigna Insurance and Vision under VSP Insurance. Employees are responsible for 50% of the monthly premium and the company will pay the rest. After 2 years of continuous full time service, employee contribution will be reduced to 25%.

PAID TIME OFF (PTO)

The firm provides 15 PTO days annually to all regular full time employees. PTO days will be increased from 15 to 20 days after 5 years of continuous full time service. After 10 years, this will further increase to 25 days. Regular employees who work less than 40 hours per week are entitled to PTO based on the hours worked per week. Employees will not be allowed to utilize ‘Leave of Absence Without Pay’, if they still have available PTO. Employees will be required to exhaust their PTO prior to requesting approval to utilize any ‘Leave of Absence Without Pay’.

HOLIDAYS

The firm observes 7 holidays, which includes a total of 8 days per year. (New Year’s Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the following Friday, and Christmas)

401 (K)

Company provides retirement plan to all employees. Currently, this plan is administered through Paychex. To be eligible for the annual match, all enrolled employees must complete a minimum total of 1,000 hours of service in the previous calendar year and must have worked up until the last date (Ex. December 31st). 401k is matched every year and is discretionary upon Principal’s approval.

LONG TERM DISABILITY

The firm provides long term disability insurance to all regular full time employees after 1 year of service. The firm pays the full insurance premium.

LIFE INSURANCE

The firm provides life insurance to all regular full time employees after 1 year of service. The firm pays the full insurance premium.

FSA BENEFITS

Company provides ‘Dependent Care FSA’ or ‘Healthcare FSA’ (FSA = Flexible Spending Account) to all regular full time employees. DCFSA allows employees to set aside pre-tax dollars for dependent care expenses including daycare. HFSA allows you to set aside pre- tax dollars for eligible medical, dental and vision expenses that are not covered under an employee’s primary health care plan. The plan allows up to $610.00 to roll-over into the following Health FSA plan year.

COMMUTER BENEFIT SOLUTIONS

The Commuter Benefits Program is offered to all regular full time SJH New York Employees only. Participants can use pre-tax dollars to pay for all commuting expenses including train, subway, parking and bus and save on taxes.