TeamPerks Benefit Program
Our health insurance package is administered by Blue Cross Blue Shield of North Dakota. Various levels of coverage are available at reduced group rates.
Full-time employees become eligible for health insurance coverage the first of the month following their starting date of employment.
The company pays for a basic $50,000 life insurance policy for all full-time employees. There are also optional additional levels of coverage available for you and your family members. Full-time employees become eligible for the life insurance the first of the month following their starting date of employment.
|Flexible Spending Account|
A flexible spending account is available to full-time employees for pre-tax medical and dependent care expenses. Full-time employees become eligible to enroll the first of the month following their starting date of employment.
|Dental & Vision Insurance Plans|
Our dental and vision plans are optional benefits offered at affordable group rates. Full-time employees become eligible for the optional dental and vision insurance coverage the first of the month following their starting date of employment.
Long-term disability. A company-sponsored plan provides you with continued income upon a disability. Under this plan, you are paid 60 percent of your monthly income (based on your last year-end earnings) starting on the 180th day of your disability.
Short-term disability. By selecting the optional short-term disability coverage, you will receive income should unexpected illnesses or injuries arise, until your Long-Term disability goes into effect. (Not available in California and New York)
Full-time employees become eligible for disability coverage the first of the month following their starting date of employment.
|Employee Assistance Program|
The Employee Assistance Program (EAP) is an employer sponsored benefit available to you and all the members of your household. The EAP provides limited services to help you with financial problems, relationship and family difficulties, depression, or drug and alcohol abuse. Services are confidential and available nationwide.
|PTO (Paid Time Off)|
PTO is a consolidated “bank” of hours that you can use for vacations, personal time, illness, medical appointments, unpaid holidays, military leave, maternity leave, and weather-related absences when the company is not officially closed.
PTO accrual begins at the first month following the starting date of employment for all full-time employees and is granted on the last working day of each pay period. The accrual rate is based on years of service.
|401K Retirement Plan|
All employees, 21 years of age and older, are eligible to enroll the first of the month after one month of service has been completed and may contribute up to 25 percent of pay up to the annual IRS maximum. We provide a semi-annual discretionary matching contribution.
This is a summary only. Please refer to our company handbook for complete eligibility requirements and other detailed information.
VALLEY PLAINS EQUIPMENT RESERVES THE RIGHT TO CHANGE OR TERMINATE ANY PART OR ALL OF THE BENEFITS AT ANY TIME AT ITS SOLE DISCRETION.