Summary of Benefits for Full-Time Employees

Employees working 30 or more hours per week are entitled to the following benefits after the first of the month upon hire (unless it is otherwise noted under a certain benefit).

MEDICAL INSURANCE	SAM, Inc. & Employee paid CareFirst HMO, POS (Point-of-Service) and PPO Options to include major medical and Prescription Lifetime Maximum - Unlimited
DENTAL INSURANCE	SAM, Inc. & Employee paid CareFirst Traditional Annual Maximum Benefit - $1,500 Annual Deductible - $50/single    $150/family (waived for preventative services)
GROUP TERM LIFE INSURANCE	SAM, Inc. paid One time base annual salary to maximum benefit of $150,000
SHORT TERM DISABILITY	SAM, Inc. paid -- $8.47 per pay period 60% of base pay to weekly maximum benefit of $1,000 Coverage begins on 15th day of disability Coverage up to 11 weeks per occurrence
LONG TERM DISABILITY	SAM, Inc. paid 60% of base pay to $6,000 monthly maximum benefit Coverage begins after 90 days of disability & would pay up to age 65
VOLUNTARY PARTICIPATION
FLEXIBLE SPENDING ACCOUNT	Pre-tax Savings Advantage Health Care Annual Maximum - $2,000 Dependent Care Annual Maximum - $5,000
401(k) RETIREMENT PLAN	Must be 21 years of age to participate Maximum contributions up to 20% Matching up to 4% after 6 months of employment.  100% vested day one.
EDUCATIONAL ASSISTANCE	Up to $2,500 per year for successful completion of college courses. Payable upon successful completion with a B or higher. Must be pre-approved in writing prior to starting the course.
PAID TIME OFF (PTO)
HOLIDAYS and OPTIONAL HOLIDAYS		6 Holidays to include New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day 4 Optional Holidays to include Martin Luther King Jr. Day, President’s Day, Columbus Day, and Veteran’s Day
1 - 3 Years 3.08 hrs / pay period (10 days per year)		3 – 5 Years 3.69 hrs / pay period (12 days per year)	5 + Years 4.62 hrs / pay period (15 days per year)	Maximum hours carried over to new year:       160 hours