Page 18 - WhippleWoodCPAs Employee Manual

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18
2012 Employee Manual | Effective March 1, 2012
BENEFITS
Simple IRA (through Charles Schwab)
To become eligible to participate in the Plan, you must have earned $5,000 during any
one preceding year and you must be reasonably expected to earn such amount during
the current year.
Life Insurance (through AICPA)
Eligible 6 months after full-time continuous employment. 3x your salary
Health Insurance Including Vision and Dental
United Health Care — full-time employees are eligible after the first full month of continuous
employment. WhippleWood pays for the employee cost of medical insurance. Family and
dependent coverage is available as a pre-tax deduction through our § 125 plan.
Aflac
Aflac offers a variety of coverages paid by employee as both pre-tax and post-tax. See
Aflac brochures.
Health Savings Account (H.S.A.)
Optum Health Bank — full-time employees are eligible after the first full month of
continuous employment. WhippleWood deposits $50.00 per paycheck into your account.
Section 125 Plan
Available under the plan are as follows.
Hero Awards
Each month at our staff meetings, we present an award and $110.00 to an employee
nominated by a fellow co-worker, for giving 110%.
Holidays
Full-time employees shall be paid for 8 holidays during the year. These hours do not count
toward overtime during the week of the holiday.
Recognized Holidays:
New Year’s Day
April 16th
Memorial Day
Independence Day
Labor Day
Thanksgiving Day
The Friday after Thanksgiving Day
Christmas Day
Vacation/PTO
Personal Time Off (PTO) is determined by length of employment. PTO will begin to accrue
from the first day of employment at the rate of 10.66 hours per month. After 15 years of
service, employees will receive PTO at a rate of 14 hours per month of employment.