New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Day after Thanksgiving and Christmas Day
Vacation
15
Vacation accrues up to 20 days
Medical
5
Medical accrues up to 10 days
Note: Accrued Vacation leave may be exercised after the first 90 days of employment.
Health Plan Summary
Plan Type
MAMSI Optimum Choice HMO Plan
Types of Coverage
Single, double, parent w/ child, family, spouse w/ children
Note: For all types of coverage, the employee pays 20% of the monthly premium while Electrosoft pays the remaining 80%.
Dental Plan Summary
Plan Type
MAMSI Dental Plan
Types of Coverage
Single, double, parent w/ child, family, spouse w/ children
Note: For all types of coverage, the employee is responsible 100% of the monthly premium.
Life/Accidental Death and Dismemberment (AD&D), Short Term Disability (STD) and Long Term Disability (LTD) Summary
Life / AD&D
$50,000
STD
60% of salary with weekly maximum of $750 for up to 13 weeks
LTD
60% of salary with monthly maximum of $5000 for up to age 65 or until you receive social security benefits
Note: Electrosoft pays 100% of the monthly premiums for Life/AD&D and STD.
401K Plan Summary
Employee Eligibility
An employee may enroll in the plan on the 1st day of each month following the date he/she has completed 6 months of service and is 21 yrs of age.
Employee Contribution
Under the plan, an employee can contribute a minimum of 1% of their compensation up to a maximum of $15,500 for 2008.
Company Contribution
Electrosoft offers a matching contribution equal to $0.50 for each $1.00 that you defer, up to a maximum deferral of 4% of your compensation. Electrosoft may make a discretionary Profit Sharing contribution that is usually tied to the it's profits and may vary from year to year.
