Medical and Dental Insurance - Full-time employees (working 30 or more hours per week) are eligible to join the company’s group health and dental plans on the first of the month following date of hire. Health Insurance is provided by Blue Cross/Blue Shield of MA. Dental Insurance is provided by Delta Dental of MA. Premiums are paid through payroll deduction on a pre-tax basis.
401(k) Plan - Employees working 20 hours or more are eligible to participate in our 401(k) plan after three months of employment. Woods Hole Group will match 25% of the first 8% of an employee's contribution.
Group Life and AD&D - Life and Accidental Death and Dismemberment insurance of 1 times annual salary, up to a maximum of $50,000. This benefit is 100% company paid. Employees working 30 or more hours per week are eligible for Group Life and AD&D Coverage.
Short-Term Disability Benefits - The company administers a self-funded short term disability income replacement plan which utilizes sick-pool hours to pay 60% of an employee’s base salary for a period of up to ten weeks in the event of a non-work related accident or illness which causes the employee to become disabled from working. Employees working 24 or more hours per week are eligible for Short-Term Disability Benefits.
Long-Term Disability Insurance - This is an optional benefit which provides income replacement of 60% of base monthly earnings in the event of a non-work related disability which lasts longer than 90 days. The company pays 50% of the premium for this benefit and the employee pays 50% of the premium. The rate is $.33/$100 of monthly covered salary. Employees working 30 or more hours per week are eligible for Long Term Disability Insurance.
Vacation - Employees accrue vacation hours at an annual rate of two (2) weeks per year for the first three years of employment; three (3) weeks per year starting on the January 1st following completion of three (3) full years of service; and four (4) weeks per year starting on the January 1 after completing nine (9) full years of service. Employees working less than 40 hours per week receive vacation time on a pro-rated basis.
Sick/Bereavement Time - Employees accrue 72 hours of sick/bereavement time per year. Employees working 24 or more hours per week are eligible for sick/bereavement time. Employees working less than 40 hours per week receive sick/bereavement time on a pro-rated basis.
Holidays - Employees receive eleven (11) paid holidays per year. Employees working 24 or more hours per week are eligible for holiday pay – employees working less than 40 hours per week receive holiday time on a pro-rated basis.
Flexible Spending Account - The Flexible Spending Account allows participants to use pre-tax dollars to pay for out-of-pocket medical and dental expenses or dependent care expenses, within IRS guidelines.