At the GoBears we work hard to provide a comprehensive, competitive benefits package designed to offer cost-effective, valuable benefit options to our team members. Our insured benefits programs offer options that will ensure the appropriate level of protection for team members and their families:
Subject to acceptance by our insurance carrier (Humana), we offer medical, dental and vision insurance coverage for all full-time employees, beginning on the first day of the month after completion of 60 days of employment. We also offer coverage to part-time employees who have worked an average of 130 (or more) per month for 12 months. Insurance coverage for these employees will begin on the first day of the month after completion of 12 months of employment.
Life and AD&D
The company provides all eligible employees with $20,000 in life insurance coverage. This coverage is 100% employer paid, and is provided at no cost to you. You are eligible for life insurance when you are eligible for the medical, dental and vision insurance.
Supplemental Life Insurance
All full time employees that have been employed for 60 days have the opportunity to purchase life insurance coverage in the amount of $50,000. Employees may also purchase $10,000 for a spouse or $5,000 for children (the employee must first purchase the supplemental life insurance on themselves in order to purchase the dependent supplemental life insurance.)
Disability Income Benefits
The company provides short-term and long-term disability coverage for all full-time employees, beginning on the first day of the month after completion of 60 days of employment. In the event that you should become disabled from a non-work-related injury or sickness, disability income benefits are provided as a source of income.
Social Security Insurance
The Federal Insurance Contributions Act, which is better known as the Social Security Act, requires us to deduct a percentage of your pay, match it with an equal amount from the Company and send it to the government to be deposited in your Social Security account.
Workers’ Compensation Insurance
The Company pays the entire amount of the Workers’ Compensation insurance premium that provides benefits to our employees who experience injury or illness connected with employment. To be eligible for Workers’ Compensation benefits, the injury must be a direct result of the job.
To help you prepare for the future, the company sponsors a profit sharing plan to help employees accumulate funds for their retirement. Employees who have completed a year of service and worked 1000 hours may be eligible to participate. The plan allows eligible employees to defer a portion of their income pre-tax (before federal and state income tax) to the 401(K) plan to build their retirement savings. The amount you may contribute annually is determined by the I.R.S. On an annual basis, the company may also make a discretionary contribution to the plan for the benefit of eligible employees.
Paid Time Off
At GoBears, we understand the importance of work-life balance. We offer eligible team members generous paid time off benefits such as Holiday Pay, Vacation Pay and Sick Pay.