Snodgrass offers
employees a variety of highly competitive benefits, including:
Group Life Insurance. The Firm provides and pays the
entire cost of group term life insurance for all full time permanent
employees who work at least 30 hours per week. The insurance takes
effect after one month of continuous employment.
The amount of coverage is equal to 250 percent of a three year
average of your annual salary, (rounded to the next higher $1,000.00)
up to a maximum benefit of $600,000. In addition, the policy has
an accidental death provision which provides the same amount of
insurance as the life insurance contract.
Long Term Disability Insurance. The Firm provides and
pays the entire cost of a plan to provide you with an income benefit
in the event you become disabled as a result of an accident or
sickness. The insurance takes effect on completion of one month
of continuous employment. After 90 days of continuous disability
the plan pays a benefit of 66 2/3% of your ending salary for the
period of disability or age 70.
Hospitalization And Medical Insurance. The Firm provides
health care insurance for those employees and their families who
need coverage. Employees who participate in the plan share in
the cost of the insurance by paying 25% of the premium. The insurance
takes affect on the first day of the month following the employment
date. The firm offers Blue Cross and Blue Shield plan.
Workers Compensation Insurance. Accidents sustained directly
in connection with your employment are covered under the workers
compensation insurance plans carried by the Firm in accordance
with the laws of the various states in which we are located.
401(K) Retirement Savings Plan. The Firm has established
a retirement savings plan through Central Bank and Trust. Employees
are eligible to participate after one month of service, and have
a designated amount deducted from the pay, with 9 mutual fund
investment options to choose from. The firm matches 100% of the
first 3% and 50 % of the next 2% of compensation that is contributed
to the plan. Employee and employer contributions are vested
100% immediately.
Flexible Benefit Plan. The Firm has established a flexible
benefit plan for pre-tax savings to all employees. The Plan provides
three options: premium conversion for health/medical insurance,
Section Plan 125 for reimbursement of health care expenses, and
a Section Plan 129 for reimbursement of dependent care expenses.
Premium Conversion Plan: Employees that pay for their
hospitalization/medical plan have the option of deducting
their share of the premium on a pre-tax basis. This conversion
automatic, if not desired a waiver form must be signed. Employees
are eligible participate after 30 days of employment.
Plan: Section 125 is available to employees with
at least one year of service. The medical expense reimbursement
plan option permits an eligible employee to establish account
by which he can deduct, on a pre-tax basis, an amount for
medical expense incurred by the employee, spouse, or any covered
dependent that would not otherwise be covered by insurance.
Plan: Section 129 is a dependent care reimbursement
account that establishes an account on behalf of the employee
which the employee may deduct, on a pre-tax basis, an amount
sufficient to reimburse the employee for dependent care expenses
expected to be incurred during the plan year.
