Benefit Highlights
The Specialty Mfg Co.’s benefit program is designed to offer eligible employees the flexibility to select benefits that best suit their individual needs and goals. SMC puts a strong emphasis on having an appropriate work life balance, and our benefit package certainly reflects that. The following is a brief highlight of benefits offered to full-time SMC employees. Please refer to the SMC Benefit Guide for additional information.
| Medical Insurance: HealthPartners | ||
|---|---|---|
| Tier: | Employee Premium: | SMC Contribution: |
| Employee Only | $95.00 (Month) | $684.70 (Month) |
| Employee + Child(ren) | $225.00 (Month) | $1490.34 (Month) |
| Family | $300.00 (Month) | $2350.99 (Month) |
| No Cost for utilizing Telemedicine or Retail Office Visits (Ex: Minute Clinic, Target, CVS, Cub) | ||
| Low yearly deductibles and out of pocket maximums | ||
| Dental Insurance: Delta Dental | ||
| Tier: | Employee Premium: | SMC Contribution: |
| Employee Only | $15.00 (Month) | $18.61 (Month) |
| Employee + Child(ren) | $32.00 (Month) | $31.86 (Month) |
| Employee + Spouse | $35.00 (Month) | $35.58 (Month) |
| Family | $52.00 (Month) | $52.20 (Month) |
| Coverage has an annual maximum of $1,500 per person covered | ||
| Preventative care is covered at 100% with no cost to the employee | ||
| Vision Insurance: EyeMed | |
|---|---|
| Tier: | Employee Premium: |
| Employee Only | $6.53 (Month) |
| Employee + Child(ren) | $13.05 (Month) |
| Employee + Spouse | $12.40 (Month) |
| Family | $19.19 (Month) |
| Coverage allows for choice between glasses or contacts, and includes discounts for Lasik | |
| Paid Time Off & Holiday Pay |
|---|
| 15 days of Paid Time Off (increases based on years of service) |
| Average 9 paid Holidays per year |
| 401(k) Profit Sharing Plan |
| SMC has a discretionary contribution up to 25% of an employee’s annual salary in their 401(k) |
| SMC has a history of consistently contributing between 20% and 25% |
| An employee making $13 an hour would be eligible for a contribution up to $6,760 annually |
| An employee making $20 an hour would be eligible for a contribution up to $10,400 annually |
| An employee making $25 an hour would be eligible for a contribution up to $13,000 annually |
| Wage Continuation Plan (Short Term Disability) |
| No cost to employee (paid for by SMC) |
| Covers 60% of lost wages after a 10-day waiting period (waiting period waived for maternity) |
| 12 weeks of paid disability benefits available annually |
| Long Term Disability Insurance |
| No cost to employee (paid for by SMC) |
| Covers 60% of lost wages after 90-days of continuous disability |
| Life and AD&D Insurance |
| Employee, spouse, and dependent coverage available at no cost to the employee (paid for by SMC) |
| Flexible Spending Accounts (FSA) |
| Employees are eligible to set aside pre-tax dollars to pay for eligible Medical and Dependent Care expenses |
| Guidelines are established by the IRS and govern all eligibility requirements, which change yearly |
| Paid Day Off for Annual Physical |
| Employees are awarded a full day off with pay to attend their annual physical. |
| Tuition Assistance & Educational Reimbursement |
| SMC offers Tuition Assistance & Educational Reimbursement to all employees with over one year of service |
| Steel Toe and Safety Glasses Reimbursement |
| SMC will reimburse employee purchases for safety glasses and steel toed shoes who work in designated areas |