BenefitsThe following benefits are currently being offered. There is a thirty day waiting for all benefits unless otherwise stated. • Medical Coverage • Cafeteria Plans • Dental • Vision • Life Insurance • Voluntary Life • Short Term Disability • Long Term Disability • Supplemental Income Protection Plan • AFALC Medical Coverage Blue Cross Blue Shield provides health maintenance organizations (HMO), point of service (POS) and preferred provider organization (PPO) (for out of state residents only) options. Participants in the Blue Cross Blue Shield plans are automatically covered under the health reimbursement account which is a plan funded by RMI to increase the benefit level. Employees are required to make a modest contribution each pay period.Cafeteria Plans Set aside pre-tax dollars from your pay to reimburse yourself for health and/or dependent care related expenses. These plans can be used to cover deductibles, co-payments, out of pocket expenses, allowable over the counter items and most items that the IRS considers tax deductible. There is a $5000 contribution limit per year per plan.Dental Plan Provides 100% of reasonable and customary fees for preventative care, 80% for basic care and 50% of major care. Employees and their dependents are automatically enrolled and have an annual maximum of $1500 per year per participant. RMI provides this benefit at no cost to the employee.Vision Plan Provides quality eye care services through a large network of preferred providers. Simply visit an approved provider and benefits are calculated automatically. RMI provides this benefit at no cost to the employee.Life Insurance & AD&D Provides up to two times annual salary up to a maximum of $150,000. Accidental Death & Dismember (AD&D) is included in this plan and has the same limits. Benefits under the AD&D plan are calculated based on injury. RMI provides this benefit at no cost to the employee.Voluntary Life Employees can purchase either universal or term life insurance through Genworth Financial. These policies are owned by the individual but can be paid through convenient payroll deductions.Short Term Disability Upon completion of one year service, employees are eligible for STD coverage which provides 60% of salary to a maximum of 90 days per year for short term illnesses. RMI provides this benefit at no cost to the employee.Long Term Disability Provides 60% of salary if a serious illness or injury prevents you from working for an extended period of time. Benefits begin after 90 days and obtaining approval from the underwriters. RMI provides this benefit at no cost to the employee.Supplemental Income Protection This policy works in conjunction with the group LTD plan to protect a higher percentage of salary. The premiums can be paid for thru convenient pre-tax or post- tax payroll deductions.Retirement You may contribute up to the annual maximum of your eligible pay on a pre-tax (401(k)) or on an after-tax (Roth 401(k)) basis or a combination of both. Employees over the age of 50 have the option of contributing additional funds thru the catch-up contribution plan. You have a choice of 20+ options in which to invest your contributions. The company currently matches 50% of the first 6% of pay you contribute after six months of service. Matching contributions are invested according to the investment direction solely elected by you. These plans have loan provisions, rollover options and hardship withdrawal options. Principal Financial administers the 401(k) Savings Plans. AFLAC Employees can enroll in the popular AFLAC plans and utilize convenient pre-tax payroll deductions. We currently offer:• Accident • Cancer • Indemnity • Personal Protection • Life Assurance (post tax payroll deductions only) |