ATLAS offers an excellent benefits
package to all full time employees.
Compensation
Atlas Technologies, Inc. offers its employees fair
and equitable salaries. These salaries include bonuses and profit sharing
paid at least once a year.
Medical/Dental Insurance
Health insurance is free to all employees who may also choose to purchase
additional medical and dental/vision coverage for their dependents at a
nominal charge of $50.00 per pay period (every two weeks). The
following information highlights the coverage options in our plans.
|
Traditional
Medical Insurance Plan |
| |
Network |
Non-Network |
|
Physician Office Copay |
$20 |
70% After Deductible |
|
Annual Deductible |
$250 |
$250 |
|
Out -of-Pocket Limits |
$1000 |
$2000 |
Hospital Services
After Deductible
After $250 Admission Fee |
90% |
70% |
Outpatient Expenses
After Deductible |
90% |
70% |
Prescription Drugs
Generic
Preferred Brand Name
Non-Preferred Brand |
$ 10
$ 25
$ 50 |
70% After Copay
70% After Copay
70% After Copay |
|
Medical Savings Account Option |
| In lieu
of a traditional medical insurance plan, we also offer a Medical Savings
Account option that offers a high deductible insurance policy in
conjunction with a tax-free savings account funded by Atlas Technologies,
Inc. This option is also free to employees and can be augmented to
include dependents at a cost similar to our traditional medical insurance
coverage. |
|
Dental Insurance |
|
Deductible (Preventive Care/Basic/Major Procedures |
$0/$50 per benefit period/$50 per visit |
|
Preventive Care |
100% |
| Basic
Procedures |
80% |
|
Endodontic/Periodontic Procedures |
50% |
| Major
Procedures |
50% |
| Major
Procedures (in the seventh month and after) |
See schedule |
Vision Services Plan
Atlas Technologies, Inc. offers a Vision Services
Plan to each person covered by company dental insurance. This plan
includes discounts on Laser Vision Care.
Life Insurance
A life insurance policy equal to the annual salary
shall be paid for each employee by the company.
Short Term Disability
ATLAS provides a short-term disability (STD)
benefit plan to eligible employees who are unable to work because of a
qualifying disability due to an injury or illness. If approved,
benefits will be paid for a period of 13 weeks at a rate of 60% of the employees
weekly salary to a maximum of $750.00 per week.
Long Term Disability
ATLAS provides a long-term disability (LTD)
benefit plan to help eligible employees cope with an illness or injury that
results in a long-term absence from employment. LTD is designed to ensure
continuing income for employees who are disabled and unable to work.
LTD begins at the end of the 90-day Short Term Disability Plan period at a
rate of 66.67% of salary with a $6,000 maximum monthly benefit.
Benefits expire at the normal Social Security retirement age.
ATLAS 401K Retirement Savings Plan
ATLAS offers a 401K Plan to each employee starting at
the beginning of the next quarter after 30 days of employment. ATLAS
matches dollar for dollar up to 5% of the employee's contributions.
The employee's contributions are 100% vested.
|
Vesting schedule for matching and
discretionary Employer accounts |
| Years
of Service |
Percent Vested |
| Less
than 1 |
0% |
| More
than 1 but less than 2 |
0% |
| More
than 2 but less than 3 |
20% |
| More
than 3 but less than 4 |
40% |
| More
than 4 but less than 5 |
60% |
| More
than 5 but less than 6 |
80% |
| More
than 6 |
100% |
|
You will become 100% vested at normal
retirement, if you become disabled or if you die. |
Bonus
ATLAS has elected to include an incentive bonus
compensation policy. The purpose of this policy is to share the gains and
risks of its business with all employees. It is designed to supplement the
existing pre-tax Profit Sharing Plan and is paid strictly as taxable
compensation.
Profit Sharing
ATLAS offers a Profit sharing Plan to its fulltime
employees.
Paid Vacation
Earned PTO is awarded based on years of service and is accrued on a per
pay period basis as follows:
|
Years of Service |
Hours Per Pay Period |
Days Per Year |
|
Prior to 1-year Anniversary |
4.62 Hours |
15 Days |
|
1-Year Anniversary |
5.23 Hours |
17 Days |
|
5-Year Anniversary |
6.16 Hours |
20 Days |
|
10-Year Anninversary |
7.70 Hours |
25 Days |
Holidays
ATLAS will grant holiday time off to all employees on the holidays listed
below:
- New Year's Day
- President's Day
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Thanksgiving
- Day after Thanksgiving
- Christmas Eve
- Christmas Day
Jury Duty Leave
Up to five (5) days will be paid by the company in the event that an
employee is called to jury duty.
Educational Assistance
ATLAS recognizes that the skills and knowledge of its employees are
critical to the success of the organization. The educational assistance
program encourages personal development through formal education so that
employees can maintain and improve job-related skills or enhance their
ability to compete for reasonably attainable jobs within ATLAS. ATLAS
will provide educational assistance to all eligible employees immediately
upon assignment to an eligible employment classification.
Flextime Scheduling
Flexible working hours are authorized upon the approval of the supervisor
|
