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Benefits

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) 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 at age 70.

HOSPITALIZATION AND MEDICAL INSURANCE

The Firm provides health care insurance through a Highmark Blue Cross Blue Shield Health Reimbursement Arrangement for those employees and their families who need coverage.  It is a fully insured plan with small deductibles and/or co-payments. Employees who participate in this plan share in the cost of the insurance by paying a contribution of 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. 

VISION INSURANCE

The firm provides vision insurance through Davis Vision an affiliate of Blue Cross and Blue Shield. The fashion advantage vision program provides benefits for employees and family members who need coverage. Employees who participate in the plan share in the cost of the insurance by paying 25% of the premium.

DENTAL INSURANCE

The firm provides dental insurance through United Concordia an affiliate of Blue Cross and Blue Shield. The Concordia Advantage Plus program provides benefits for employees and family members who need coverage. Employees who participate in the plan share in the cost of the insurance by paying 25% of the premium.

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 401(k) retirement savings with Stewart Capital Management as the asset manager and The Standard as the administrator. Employees are eligible to participate on the first day of the month after their employment date, and have a designated amount deducted from their pay, with a number of 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.

FLEXIBLE BENEFIT PLAN

The firm has established a flexible benefit plan for pretax 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 pretax basis. This conversion is automatic; if not desired, a waiver form must be signed. Employees are eligible to participate after 30 days of employment.

 

Plan: Section 125 (flexible spending plan) is also available to employees. The medical expense reimbursement plan option permits an eligible employee to establish an account by which he can deduct, on a pretax basis, an amount for medical expense incurred by the employee, spouse, or any covered dependent that would not otherwise be covered by insurance.  The open enrollment for this account is the month of November for the succeeding year.

 

Plan: Section 129 is a dependent-care reimbursement account that establishes an account on behalf of the employee by which the employee may deduct, on a pretax basis, an amount sufficient to reimburse the employee for dependent-care expenses expected to be incurred during the plan year.

VACATION AND CHOICE TIME OFF

S.R. Snodgrass offers a generous vacation and choice time off policy.