Do it Best Corp. Health Care Benefits
Medical Insurance
| • | No staff member premiums |
| • | Comprehensive Major Medical $750,00 lifetime benefit |
Prescription Drug Service
| • | No staff member premiums |
| • | Low staff member co-pay |
| • | Negotiated group discount equals less-than-wholesale cost |
Dental Insurance
| • | No staff member premiums |
| • | Do it Best Corp. pays 50% up to $500 annually per person |
Optical Insurance
| • | No staff member premiums |
| • | Do it Best Corp. pays 50% up to $150 annually per person |
Life Insurance
| • | No staff member premiums |
| • | Benefit is 150% of annual wage |
| • | Supplemental coverage available at group rate |
| • | Dependent term life available at group rate |
Disability Income Insurance
| • | No staff member premiums |
| • | Supplemental income coverage available at group rate |
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Do it Best Corp. Retirement Benefits
Profit Sharing
| • | Profit Sharing Plan features: immediate participation, early vesting, cash distribution plus deferred income, distribution and investment options, provisions for emergency withdrawals, and voluntary contributions |
Pension
| • | 100% vested after 5 years of service |
| • | Defined benefit formula: Average monthly income for the last five years times 1% times total years of credited service [Example: $1,733/mo. (at $10/hr.) x .01 x 30 (number of years of credited service) = $520/mo.] |
| • | Various payment options |
Social Security
| • | Current tax rate for staff members and employers is 6.20% for Social Security and 1.45% for Medicare. If you earned $20,000 during the year, Do it Best Corp. paid approximately $1,530 in Social Security/Medicare taxes on your behalf |
Other Do it Best Corp. Benefits
| • | Paid vacations (average is 14 days per staff member) |
| • | Ten paid holidays including your birthday |
| • | Tuition reimbursement - up to $600 per class toward tuition and books; maximum annual benefit $1800 |
| • | Product discount purchase program |
| • | Service award program |
| • | Paid funeral leave |
| • | Jury duty pay |
| • | Monthly staff member activities |
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