| BENEFIT |
WHO PAYS |
ELIGIBILITY |
BENEFIT EXPLANATION |
| Medical Insurance |
Mustang & Employee |
All full time employees with 3 months of service.
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Major medical, hospitalization, office visits & prescription drug services subject to applicable deductibles.
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Dental Insurance
|
Employee |
All full time employees with 3 months of service.
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Two plan options: Indemnity or DMO with scheduled benefits.
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Flexible Benefits Account
|
Employee
|
All full time employees with 3 months of service.
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IRS Section 125 - Eligible premiums, dependent child care & non-covered medical expenses are deducted on a pre-tax basis.
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Group Life Insurance
|
Mustang
|
All full time employees with 3 months of service.
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$50,000 coverage for employee, & $10,000 spouse & $5,000 child over 6 months of age.
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Short Term Disability
|
Employee
|
All full time employees with 3 months of service
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Pays 60% of base pay up to $1000 per week for the first 90 days of disability, beginning on the 15th day of disability.
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Long Term Disability
|
Mustang
|
All full time employees with 3 months of service.
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Pays 60% of base pay up to $5000 per month on the 91st day of continuous disability.
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Supplemental Life Insurance
|
Employee
|
All full time employees with 3 months of service.
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Employee & dependent term life policy. Premium based on age & amount of coverage, not to exceed $500,000 or 5 times base pay.
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Personal Accident Insurance
|
Employee
|
All full time employees with 3 months of service.
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Lump sum benefit payable in the event of accidental death or dismemberment.
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Business Travel Accident Insurance
|
Mustang
|
All full time employees.
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Benefit payable for loss of life or dismemberment sustained while traveling on company business. |
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401-K Plan
|
Mustang &
Employee
|
All full time employees with 3 months of service.
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Employer contributions are fully vested after 6 years. Employee contributions are vested immediately. Company matches on the first 6% of employee contributions after 12 months of service. |
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Gain Sharing Plan
|
Mustang
|
All full time employees not covered by another Incentive or Commission Plan, who are employed for the entire 26 week eligibility period.
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Company considers cash payments based on individual Division's performance to financial and service goals.
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Paid Time Off
|
Mustang
|
All employees who successfully complete 90 day probationary period.
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Employees will receive a prorated amount of PTO days during the first calendar year of employment (up to a maximum of 6 days). Employees will then receive 16 PTO days in their bank each January 1 for the first 5 years of employment. Beginning in year 6, employees will receive an additional PTO day for each additional year of service up to a maximum of 21 days, which will be reached in the tenth year of service.
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Holidays
|
Mustang
|
All full time employees. Available immediately.
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7 per year - New Year's Day, Memorial Day, July 4th, Labor Day, Thanksgiving Day, Friday after Thanksgiving, and Christmas Day. |
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Jury/Witness Duty
|
Mustang
|
All full time employees.
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Up to 10 paid days per calendar year.
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Credit Union
|
Employee
|
All full time employees with 60 days of service. Application required.
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CEFCU provides interest bearing savings plans and personal loans through payroll deductions.
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Direct Deposit
|
Mustang
|
All employees. |
Allows employee to have paycheck automatically deposited into his or her bank account.
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Auto & Homeowners Insurance
|
Employee
|
All full time employees with 3 months of service.
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Premiums payable through payroll deduction over a 12 month period.
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Corporate Discounts
|
Employee
|
All employees.
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All employees of the Company are eligible to take advantage of company discounts on the purchase of a variety of products and services, such as Ford vehicles, Dell Computers, Sprint cellular service.
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| Worker's Compensation |
Mustang
|
All employees.
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Complete medical and disability coverage for work related injury or illness.
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Tool Insurance
|
Mustang &
Employee
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Employees in jobs requiring tools. Application required.
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Tool protection plan covers participant losses due to theft. Monthly cost is $1.00 per $1,000 of coverage. |