Benefits
In our effort to attract, retain and motivate competent employees while providing for recognition of, and reward for, individual ability and performance, CRST International, Inc. has developed and implemented a competitive compensation and benefits package. A summary of compensation structure, company-paid benefits and elective benefits are listed below.
Compensation Structure
All positions have a designated pay range based on its job grade. All job grades have a wage range that denotes wage minimum, midpoint/market value, and maximum monetary value. Wage ranges are also reviewed from a competitive standpoint by conducting a market analysis of benchmark positions. Non-exempt (hourly) employees are paid weekly while exempt (salaried) employees are paid semi-monthly. Both groups of employees are paid via direct deposit.
It is the policy of CRST International, Inc. to grant annual merit increases on the basis of the evaluation of individual performance. Other salary adjustments may be recommended and approved for the purposes of equity, changes in job classification, promotions, etc.
Company Paid Benefits
Vacation
Eligibility is dependent on employee status and period of service to the company. Vacation is earned by completing an anniversary year. For the first through seventh years you are entitled to 10 days, eighth through your thirteenth year you will have 15 days, and on your fourteenth year or more you will receive 20 days of vacation.
Personal Time
Hourly paid employees will be allowed three Personal business holidays during the employee's anniversary year. These holidays are available to hourly employees following six months of employment and each anniversary.
Holidays
There are eight paid holidays during the course of one year.
Bereavement Leave and Jury Duty
Should a full-time employee be faced with a death in his/her immediate family or service on a jury, respectively, time away from work will be granted and paid according to the provisions set in CRST International, Inc.'s handbook.
Short-Term Disability
Coverage begins after six months of employment. Regular full-time hourly and salaried employees are covered. The amount of disability pay granted to the employee is dependant upon their length of employment. Employees are eligible for 12 weeks of short-term disability benefits, after a waiting period of five consecutive business days.
Employee Life Insurance/Accidental Death and Dismemberment Insurance
Hourly and salary office employees will be provided with basic term life insurance equal to one times their base annual wage (rounded to the next higher $1,000). The employer will pay the full cost of this coverage. AD&D insurance is provided in an amount equal to the basic life insurance.
Employee Assistance Program
CRST has adopted this program as a practical and constructive mechanism for dealing with employees' personal problems that affect the work situation, or as an aid to those employees and family members who voluntarily wish to use the program as a means of resolving a personal problem. All hourly and salaried employees are eligible for three free sessions per calendar year.
Elective Benefits
Medical Bridge Insurance
Full-time regular employees, and part-time employees working over thirty hours per week, are eligible for coverage the first day of employment and may apply for or waive group health insurance. This coverage is offered via Wellmark (Blue Cross & Blue Shield) Alliance Select to bridge the gap between the first day of employment and becoming eligible for the major medical plan(s) the first of the month following ninety days of employment. There is a single plan and a family plan in order to meet your needs.
Major Medical Insurance
Full-time regular employees are eligible for coverage the first month following ninety days of employment and may apply for or waive group health insurance. Employees who live in the state of Iowa may choose between Wellmark Blue Cross & Blue Shield Alliance Select, a PPO, Wellmark Blue Cross a& Blue Shield Alliance Basic, a PP0, or Wellmark Blue Cross & Blue Shield Unity Choice, an HMO. Employees outside the state of Iowa have the ability to apply for Wellmark Blue Cross & Blue Shield Alliance Select Plan, a PPO or Wellmark Bue Cross & Blue Shield Alliance Basic, a PPO. There is a single plan and a family plan in order to meet your needs.
Short-Term Medical Bridge Insurance
Full-time regular employees are eligible for coverage the first day of employment and may apply for or waive short-term medical bridge insurance. The bridge insurance is available to provide coverage for new employees waiting for regular medical benefits to go into effect. The insurance carrier is Wellmark Blue Cross & Blue Shield Alliance Select, a PPO. There is a single plan and a family plan in order to meet your needs.
Dental Insurance
Full-time regular employees are eligible for coverage the first month following ninety days of employment and may apply for or waive group dental insurance. Delta Dental of Iowa is the dental insurance carrier for all CRST International, Inc. locations. There is a single plan and a family plan in order to meet your needs.
Vision Insurance
Full-time regular employees are eligible for coverage the first month following ninety days of employment and may apply for or waive group vision insurance. 20/20 Select Visionis the vision insurance carrier for all CRST International, Inc. locations. There is a single plan and a family plan in order to meet your needs.
Employee Retirement Savings Plan/401(k)
You will become eligible to participate in the plan the first of the month following ninety days of employment. Employees may contribute 1 percent to 20 percent of your pre-tax income to the IRS annual maximum. CRST will provide an employer match at the rate of 50 percent of the first six percent of your wages you elect to defer. You will have a choice of investment accounts for your elective deferrals and company contributions.
Supplemental Life Insurance
Regular full-time employees may purchase optional group life insurance for themselves, their spouses and their children.
Flexible Benefits
With this plan, regular full-time employees have the opportunity to convert taxable wages into tax-free fringe benefits. Eligible benefits include medical/dental expenses and/or dependent care expenses not covered by insurance. The benefits selected are funded by pre-tax payroll deductions.