The Employee Benefits Package is an important part of the employee’s compensation package at The International Companies. The following summary highlights International’s employee benefit programs.


Medical & Prescription Drug Coverage is provided by United Healthcare. You are eligible for this benefit on the first of the month following 30 days of employment provided you have completed an online benefit enrollment. The employee and company share the cost with the employee paying 25% and International paying 75%. The current employee cost per pay is $70.00 for employee only, $233.78 for employee and spouse, $216.46 for employee and child(ren) and $275.76 per pay for family coverage. Currently, the plan has a $3,000.00 deductible per person up to two people in the family. However, the Company reimburses $1,500.00 per person or $3,000.00 per family, thus the deductible is only $1,500.00 per person or, $3,000 a family of two or more.


Prescription Drugs. This program is administered by United Healthcare. You will pay a co-pay for prescription drugs provided you have your prescriptions filled at one of the participating pharmacies. The current co-pay is $15.00 for generic, $35.00 for preferred brand names, and $70.00 for non-preferred brands. You will receive additional savings by purchasing a 3-month supply through mail orders.


Dental & Orthodontia Coverage is provided by United Healthcare. This coverage is provided at no charge when you enroll in Medical & Prescription Drug Coverage. You may go to the dentist of your choice. The plan pays 100% Reasonable & Customary of preventive services that include two dental checkups and cleanings per year. After a $50 deductible, the plan pays a percentage of basic services and major services to an annual maximum of $1,000. Orthodontia coverage is provided to children only paying 50% of the charges with a $1000 lifetime benefit.
Dental coverage is included in the cost of health insurance. You may carry dental coverage without health insurance. Single Dental is $10.00 pay and or Family Dental only is $20.00 per pay.


Vision Insurance is provided by Eye Med. This is a voluntary benefit. Some highlights are eye exam once every 12 months, Frames once every 24 months and Standard Plastic OR Contacts once every 12 months. The current employee cost per pay is: Employee Only $2.83; Employee + Spouse $5.38; Employee + Child(ren) $5.67; Family coverage $8.33. Coverage is effective first of the month following 30 days of employment.


Life & Accidental Death & Dismemberment (AD&D) Insurance through Guardian. This coverage provides a benefit at one times your annual base salary or $40,000, whichever is the higher amount. Coverage begins on the first of the month following 30 days of employment provided you have completed and returned the application forms. This benefit is provided at no cost to you.


Supplemental Life Insurance through Guardian.  You may purchase additional insurance for you and your dependents at low group rates. The premiums are paid through payroll deductions and the coverage is portable if you should leave the company. You must enroll in this coverage within 30 days of your employment date to receive the guarantee issue amount. It becomes effective on the first of the month following 30 days of employment or upon approval


Short Term Disability through Guardian. This benefit provides you with 60% of your salary to a maximum of $1,250/week for up to 12 weeks for a qualifying illness or injury. You are eligible for this coverage on the first of the month following 1 year of employment. This benefit is provided at no cost to you.


Long Term Disability (LTD) Insurance through Guardian. This benefit provides you with 60% of your income after you have been disabled for a 90-day qualifying period. You are eligible for LTD coverage on the first of the month following 1 year of employment. This benefit is provided at no cost to you.


Savings Plan (401k)
International’s 401k Plan is managed by Fidelity Investments and allows you to invest your contributions in your choice of several Fidelity funds including the Freedom Funds. You can contribute a percentage of your pay tax-deferred or after-tax through a Roth 401(k). Employees are eligible to participate on the first of the month following 60 days of service. International matches 50% of the employee contribution up to 12% which equates to a 6% pre-tax contribution.


401k Automatic Enrollment Contribution
New employees are eligible to participate in the plan the first of the month following 60 days of employment. They will automatically be enrolled in the 401k with 3% of their gross wages deducted from their pay on a pre-tax basis. This money, along with the company match, will be deposited in an appropriate Freedom Fund in their 401k Account. Fidelity will send enrollment materials including information on this benefit directly to the employee’s home. Employees may opt-out of this benefit.


Company Paid Holidays
The Company recognizes 9 holidays each year. They are New Year’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving, and day after Thanksgiving, Christmas Eve, and Christmas Day. Full-time employees are paid for these holidays. (Hourly employees must be employed for 90 days to be eligible for holiday pay.)


Vacation and Sick/Personal Time
The International Companies provides vacation time to all regular full-time employees to use for vacation and personal issues. Employees also receive 56 hours ―Sick/Personal‖ time per year. New employees are given vacation based on a prorated schedule during their first year of employment. There is a 90 wait before any vacation time can be used. Each January, all active employees receive an amount of hours based on years of continuous full-time service as follows: Year 2-5 80 vacation hours, Year 6-10 120 vacation hours, Year 11 onward 160 hours.


Tuition Reimbursement
The company supports employees who wish to continue their education to secure increased responsibility and growth within their professional careers. Full-time employees who have completed one year of employment can participate in this program. The company will reimburse up to a maximum of $5,000 per year, a maximum of 4 years or $20,000. Additional guidelines also apply.


Gym Membership Reimbursement
In an effort to promote health and wellness the company offers a subsidy of $150.00 towards a gym/health club membership each calendar year.


Employee Assistance Program (EAP)
H & H Health Associates is International’s EAP provider. This program provides confidential, professional assistance to employees and members of their family to resolve problems that affect personal life or job performance. This benefit is confidential, easy to use and is provided at no cost to you.


Health & Dependent Care Flexible Spending Plans
Flex Plans allow you to set aside, through payroll deduction, pre-tax money to pay for unreimbursed health care costs and dependent care costs. Enrollment is held annually in December and is administered by The Take Care Plan.


Employee Referral Program

Employees may receive $200 for referring prospective employees to the company if they are hired. Once the new employee successfully completes 90 days of service $200.00 is paid through the payroll system.


This is a brief overview of benefits and does not include other leaves and may change at any time. /Rev 3/2021