2020 EMPLOYEE BENEFITS
Designed to support and reward the great people of LMS and their families, our Benefits Package is not just about dollars & days off – it’s about our human, as well as financial, needs.
Full time employees are eligible on DAY ONE for:
Personal Time Off Plan (PTOP)
All full time employees begin with a base PTO of 17 days per year, earned cumulatively per pay period, which includes vacation, sick time and personal time. Carry-over of up to thirty-two (32) hours of unused PTO to the following year.
|
Years of Service Completed |
Hours per pay period (2 weeks) | Days per Year |
| Upon Hire | 5.23 hours | 17 days |
| 2 years completed | 6.77 hours | 22 days |
| 5 years completed | 8.31 hours | 27 days |
| 10 years completed | 9.85 hours | 32 days (maximum) |
Alternate Work Schedule
Three schedule options to choose from:
- Regular Work Week: 8 hours/day Monday – Friday
- 9 hours/day Monday – Thursday with 1/2 day on Fridays
- 9/80 Compressed work schedule – 9 hours/day with every other Friday off
Ten (10) Paid Holidays
LMS pays all full time employees for the following Holidays:
- New Years Day/ Memorial Day
- Independence Day /Labor Day
- Thanksgiving Day/ Day after Thanksgiving
- Christmas Eve /Christmas Day
- New Years Eve /New Years Day
- A Floating Holiday
PLUS Paid Annual Year-End Facility Shut Down – December 24th – January 1st
EAP – Employee Assistance Program
24/7 Free Access, Short Term Confidential Counseling
Health Insurance with HRA
Provided by Cigna. LMS pays 80% of the HRA deductible, plus lump sum towards the premium shown below. Employee pays balance of premium on a pre-tax basis. 2020 Deductibles are $3500 (single) and $7000 (couple/children/family).
| Medical Insurance Premium | Total Monthly Cost | LMS Pays per month | Employee Pays per month | Employee Cost per pay period |
| Single | $ 616.53 | $ 616.53 | $ 0.00 | $ 0.00 |
| Couple | $ 1,294.70 | $ 924.80 | $ 369.90 | $ 170.72 |
| Parent and Child(ren) | $ 1,171.38 | $ 924.80 | $ 246.58 | $ 113.81 |
| Family | $ 1,849.56 | $ 1,233.03 | $ 616.53 | $ 284.55 |
| HRA | Total Deductible | LMS Contrib. 80% | Employee Contrib. 20% |
| Single | $ 3,500.00 | $ 2,800.00 | $ 700.00 |
| Couple | $ 7,000.00 | $ 5,600.00 | $ 1,400.00 |
| Parent and Child(ren) | $ 7,000.00 | $ 5,600.00 | $ 1,400.00 |
| Family | $ 7,000.00 | $ 5,600.00 | $ 1,400.00 |
401 (K) Retirement Plan
LMS matches 100% of employee contributes up to a maximum of 5%. Roth option is available.
Life and AD&D Insurance
Renaissance $50k Life Insurance and $50k AD&D — 100% of premium paid by LMS.
Short Term Disability Plan, Long Term Disability Plan
Paid 100% by LMS
Accident Insurance
Pays benefits for accidents that happen off-the-job. LMS pays 100% for Employee. Optional additional coverage available for dependents. See below.
Dental Insurance
Optional coverage through Cigna. Paid by employee on a pre-tax basis through payroll.
| Cigna Dental Insurance | Employee Monthly Cost | Employee Cost per pay period |
| Single | $ 36.45 | $ 16.82 |
| Couple | $ 71.93 | $ 33.20 |
| Parent and Child(ren) | $ 106.80 | $ 49.29 |
| Family | $ 159.53 | $ 73.63 |
Vision Insurance
Optional coverage through Cigna. Paid by employee on a pre-tax basis through payroll.
| Cigna Vision Insurance | Employee Monthly Cost | Employee Cost per pay period |
| Single | $ 5.90 | $ 2.72 |
| Couple | $ 11.80 | $ 5.45 |
| Parent and Child(ren) | $ 11.92 | $ 5.50 |
| Family | $ 19.03 | $ 8.78 |
Accident Insurance
Optional coverage through Renaissance Life. LMS pays 100% of premium for employee. You may add dependent coverage at cost shown below, on a pre-tax basis.
| Cigna Accident Insurance | Employee Monthly Cost | Employee Cost per pay period |
| Single | $ 0.00 | $ 0.00 |
| Couple | $ 8.24 | $ 3.80 |
| Parent and Child(ren) | $ 10.11 | $ 4.67 |
| Family | $ 18.35 | $ 8.47 |
Full time employees are eligible following 6 months of service for:
- Scorecard Incentive Program – Annual program that rewards all employees when the company meets its performance goals. Paid quarterly, based on percentage of annual earnings. Key metrics are Net Income, On- Time Delivery and Quality.
Full time employees are eligible following 1 year of service for:
- Tuition Reimbursement Plan – Provides eligible employees with the opportunity to obtain, maintain or improve job-related or career related skills and competencies. 100% reimbursement for As and Bs, up to a maximum $4,000 for academic courses or $2,000 for professional certifications.
- Wellness Reimbursement – Annual benefit up to $350 for permissible exercise activities & equipment.
Full time employees are eligible following 2 years of service for:
- $1,000 Vacation Stipend – Annual benefit to help employees make the most of their time off by helping with vacation expenses. If you go on vacation and you’ve been with us for 2 years, you’re eligible!
Everyone is eligible for:
- Free Fresh Fruit, Yogurt, Seltzer, Coffee and Tea
- BBQ Wednesdays — every other week, all summer long
- Summer & Winter company events
- Fall Harvest Pot-luck, Groundhog Day Chili Cook-Off, Annual Horseshoe Tournament, and more
