DenMat is proud to offer its employees competitive pay and an outstanding benefits program. The company realizes that employees are an invaluable asset and strives to offer an unparalleled work environment that promotes health, well being and overall happiness. In addition to competitive salaries, DenMat offers its employees: medical/dental/vision insurance; retirement savings accounts/401(k) with employer match; employee assistance program; long-term disability coverage; life insurance; and paid time off (paid holidays, paid vacation, and paid sick days). More details about these benefits are provided below.
DenMat offers a generous benefits package that includes medical, dental, and vision coverage, prescription drugs, and the option to utilize a flexible spending account. Full-time employees (those who work 30 hours or more per week) are eligible for enrollment in these programs, with coverage effective upon the date of hire. Medical coverage is offered through the choice of two CIGNA PPO plans, while dental and vision coverage are offered through MetLife.
Retirement Savings Accounts/401(k)
Employees are eligible to join DenMat's 401(k) Savings and Retirement Plan after the first 90 days of employment. Employees who enroll in this program automatically have 5% of their pre-tax income vested into their 401(k) plan, up to Internal Revenue Service’s annual plan limit on a pre-tax basis. Several investment options are available. DenMat offers participating employees a company match of 25% of the first 6% deferred. This employer match vests at 5 years, at 20% per year.
Employee Assistance Program
Free counseling services are provided to all employees and their family members through this program, with services available 24 hours per day/365 days per year.
Long-Term Disability Coverage
DenMat provides long-term disability coverage at no cost to eligible employees. This coverage provides ongoing benefits should an employee become injured and need care past 26 weeks (short-term disability). Benefits are paid monthly as long as the employee is disabled, up to 2 years. The Core LTD benefits pay 60% of the employee's monthly pre-disability earnings (up to $9000/month). Employees have the option to purchase a buy-up plan that continues long-term disability coverage until age 67.
DenMat provides eligible employees with basic life insurance and business travel accident insurance at no extra cost. Coverage is effective upon date of hire.
Paid Time Off (Holiday Pay, Vacation, Paid Sick Leave, Bereavement)
Vacation days are accrued each pay period. The number of vacation days is based on status and years of service. Vacation day accrual begins upon date of hire. Paid sick leave includes 3 days (or 24 hours) upon hire, with new employees eligible to use this benefit upon 90 days of employment. Existing employees are provided a sick leave grant each year, in accordance with the company’s policies.