*PAY
Minimum Entry Rate: $18. Differentials up to $3/hour.
Bonuses: $2/hour guaranteed for first two full bonus periods.
Referral Bonus: up to $2,500 each to the new hire and the referring PI team member if the referral stays for five years.
*BENEFITS
*Benefits are available to full time team members who have enrolled and satisfied the 90 day waiting period.
*HEALTH
(Plastic Ingenuity Inc. has a GRANDFATHERED plan)
(Premiums are deducted pretax from 2 checks/month)
SINGLE: Monthly Premium 12 x $98 $1,176.00
FAMILY: Monthly Premium 12 x $295 $3,540.00
DEDUCTIBLE—in WI/out of WI
First $300/person (max of 3/family) is the annual deductible.
Co-insurance 20% of the next $5,000 of covered expenses—total of $1000 (Team members out of WI—15% in/25% out of network-$750 in/$1250 out of network)
Prescriptions–$5 generic/$15 preferred brand/$30 non-preferred brand at retail. Mail order is available–a 90 day mail order supply costs 2 co-pays for covered prescriptions.
*DENTAL:
PI pays the single premium. You pay $840/year for family coverage ($70/mo pretax).
If you waive the coverage, we will deposit a pro-rated share of $200 per year into a flexible spending account for you.
*LIFE INSURANCE:
One times your annual wage, up to $50,000, PI pays the premium.
*FLEXIBLE SPENDING:
Pre-tax savings for medical or dependent care contributions.
*DISABILITY INSURANCE:
Premiums deducted from the first check of the month
SHORT-TERM DISABILITY:
1ST DAY OF ACCIDENT/8TH DAY OF ILLNESS
Pays 60% of weekly wage (no overtime or differential).
MAX DURATION 13 WEEKS—MAX BENEFIT $750/wk
LONG –TERM DISABILITY:
Coverage after short term finishes—potentially until age 65.
P.I. PAYS 40% OF DISABILITY PREMIUM, YOU PAY 60%. THEREFORE, the benefit is only 40% taxable.
Your share–multiply your hourly wage by 1.11 for short term cost/month & by .73 for the long term cost/month.
*PAID TIME OFF:
Your Paid Time Off begins to accrue at day 1 and is allocated biweekly. Full time team members accumulate a total of 80 hours per year in years 1 through 5.
After 6 years, vacation increases to 100 hours and to 3 weeks after 10 years. Eventually vacation increases to 5 weeks per year (after 25 years).
Team members working night shifts earn additional paid time off—30 hrs after year 1 and 60 hrs after year 2+.
Holidays – 72 paid hours per year – eligible on day 1.
*RETIREMENT PLANNING:
Computer Based Training—Retirement Planning – PI Team Members required for new team members—under All Plant Groups
Team Member Savings— The 401k plans allow you to set aside part of your earnings and choose the funds in which to invest. The traditional 401k is tax deferred while the Roth 401k is an after-tax deduction.
All team members are eligible to contribute immediately upon hire. You should enroll within 30 days of your start date and either elect your deferral rate or opt out of participation. If you have not made an election by the pay period following your 30 day anniversary, you will be automatically enrolled at a 3% pre-tax deferral.
Company Contribution–Once you have completed a year of eligibility service by working 1000+ hours in your first year of service you will become eligible to participate in company profit sharing contributions. PI will begin to make a safe harbor contribution—3% of your compensation—you choose from the 401k funds to invest this money.
Historically, PI has also made a discretionary profit sharing contribution—4% of your compensation at the end of each year as long as you are still employed and have met the 1000 hour service requirement.
As soon as possible after your first day of employment, you will meet with Francis Investment Counsel for more information—watch the CBT prior to this meeting.
*SAFETY
- Safety Toe Footwear reimbursement – $150/pair – 2 pairs/year
- Prescription Safety Glasses – Company covers cost of safety glasses if purchased through our supplier
- Custom Hearing Protection – Company covers cost for custom formed ear protection