ELIGIBILITY
Full-time regular employees of CS Beef Packers are eligible to participate in:
- The Company Group Health, Dental, Vision Plan on the first day of the month following sixty (60) days of continuous employment.
- The 401(k) savings plan after one year (12 months) of continuous employment.
- Company paid Life, after sixty (60) days of employment and enrollment in our medical plan.
- Paid holidays upon date of hire.
- Vacation / PTO Plans – Based upon length of service. See below for additional information.
COMBINATION GROUP HEALTH/DENTAL/VISION PLAN
Employee premiums are based upon three levels of coverage. Those levels are “Employee and Family”, “Employee and Spouse” or “Employee Only”. Employee premiums are for a 12 month period (Calendar Year). You must enroll in the plan within the first 60 days of your employment.
This Plan is a pre-tax Section 125 premium only plan. This means that all insurance premiums are taken out of participating employee’s paychecks before federal income tax is withheld. The IRS regulates Section 125 plans.
The Plan will have network and non-network coverage. Some of the features include a Physician Office Co-pay of $30 for in network, calendar year deductibles (maximum 2 per family), preventive care, outpatient lab, hospital services, emergency services, and a prescription drug plan.
Our combination medical, dental, vision plan is one of the most affordable in the industry.
LIFE INSURANCE
The Company provides all full time regular employees with a $10,000 basic life insurance for employees who are enrolled in our medical, dental, and vision plan. This coverage is provided at no cost to employees and requires no medical information to enroll.
HOLIDAY PAY
Immediately upon their hire date, all full-time employees will be eligible for the following paid holidays:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
RETIREMENT SAVINGS PLAN – 401(K)
Our 401(k) Savings and Retirement Plan allows employees to participate in the 401(k) Plan through payroll deduction. Full-time Employees may enroll in the plan on January 1 or July 1 after the completion of 12 months of employment. We contribute a dollar for each dollar saved up to 3% of pay. We then will contribute $0.50 for each dollar saved on the next 2% of pay. American Funds is our funds Manager for this plan.
HOURLY EMPLOYEES VACATION PAY – PAID TIME OFF
Paid vacation time for full time employees will be earned at the following rates:
- After one year of service – 40 hours (1 week/5 days)
- After two years of service – 80 hours (2 weeks/10 days)
- After seven years of service – 120 hours (3 weeks/15 days)
Hourly employees receive vacation pay in a lump sum on their anniversary dates. The actual vacation days off are scheduled during the follow 12 months after your anniversary.
SALARIED EMPLOYEES VACATION PAY – PAID TIME OFF
Paid vacation time for full time salaried employees is based upon years of service. Salaried vacation / paid time off is a separately administered plan. Contact the Human Resources Department for additional information.
All plans are subject to change at any time. This is a summary only. Please refer to the plan documents for additional information and details on limitations and exclusions.
