Employee Benefits
Edgewater provides a comprehensive benefits package to all employees that will allow them to take care of themselves and their families. Edgewater offers a wide range of plan options, including medical, dental, and vision coverage in coordination with a Health Savings Account (HSA) to regular, full-time and part-time employees working 30 or more hours in a work week.
Health
All regular full-time and part-time (30 hours or more per week) Edgewater employees are offered three possible levels of healthcare services and prescription insurance for themselves and their families—Blue Choice HMO, Blue Choice Opt-Out Plus (POS), and Blue Preferred (PPO). Upon employment or during our annual open enrollment period, employees may choose to enroll in our plan. Edgewater covers 80% of employee healthcare premiums and employees are responsible for the remaining 20% of healthcare premiums.
Health Savings Account (HSA)
In collaboration with our
medical insurance plans, Edgewater offers employees the opportunity to
participate in a Health Savings Account (HSA). This is a pre-tax account in which
individuals can save money for current and future medical expenses.
The account has tax-savings benefits and can be accessed with a debit card.
Each plan year Edgewater makes contributions into particpating empoloyees Health Savings Accounts. Employees also have the
option to contribute additional funds into the account through payroll deductions. All Federal IRS
limits and regulations apply.
Dental
All regular full-time and part-time (30 hours or more per week) Edgewater employees are offered dental care which includes annual preventative services. Other dental work is covered at various percentages based on the service provided.
Vision
All regular full-time and part-time (30 hours or more per week) Edgewater employees are offered vision coverage, which includes an optometric eye exam, frames, lenses, and a discount plan for other vision options.
Life Insurance and AD&D
All regular full-time and part-time (30 hours or more per week) Edgewater employees are covered by a company sponsored Life and Accidental Death and Dismemberment insurance policy. Coverage is based on the employees salary, up to the maximum of $100,000 with the option to purchase additional coverage.
Disability Insurance
All regular full-time and part-time (30 hours or more per week) Edgewater employees are covered by short-term disability (STD) and long-term disability (LTD) at no cost. This disability insurance provides employees with a percentage of income in the event they become disabled.
Dependent Care Account
Under the IRS Code, Section 125, all regular full-time and part–time (30 hours or more per week) Edgewater employees are allowed to set aside pre-tax dollars (up to $5000 per year) to cover certain childcare expenses used while they are at work.
Pay Periods
Edgewater pays employees on a semi-monthly pay period basis via direct deposit. Employees are paid on the 15th and the last day of each month.
401 (k)
The Edgewater 401(k) retirement plan was adopted to provide employees with the opportunity to save for retirement on a tax-deferred basis. All regular full-time and part-time Edgewater employees, at least 21 years of age, are eligible to participate in the plan and to receive company-matching contributions up to 4% upon employment. All employee and company contributions are immediately 100% vested. This plan also provides Edgewater the ability to make additional discretionary matches and profit sharing contributions. These latter matches and contributions are vested based on additional eligibility criteria and a 5-year vesting schedule.
Paid Time Off
Edgewater has a generous leave policy, which provides full-time employees with time off for holidays, vacations, occasional short-term illness, and personal needs. Regular full-time employees are provided with an accrual rate based on their time with the company.
Tuition and Technical Training Reimbursement
All regular full-time and part-time (30 hours or more per week) Edgewater employees are eligible to apply for the Tuition and Techinical Training Reimbursement program. Edgewater will reimburse up to $5,000 per calendar year of tuition, as well as, certain other education related costs such as books. To qualify, the employee must have prior approval, the course taken must be job related, and the employee must receive a grade of C or better.
Health Club Reimbursement
In order to promote good health and fitness, Edgewater offers a health club reimbursement program. Under this program all regular full-time and part-time (30 hours or more per week) Edgewater employees are eligible to be reimbursed for 100% of the initial membership fee or $100, whichever is less, and 50% of the monthly membership fees or $30 per month, whichever is less. You may belong to any health club of your choice.
Computer Reimbursement
Since all our employees use personal computers, Edgewater believes its employees will be more productive on the job by promoting the use of personal computers. This program provides regular full-time and part-time (30 hours or more per week) Edgewater employees with at least one year of service with Edgewater, $500 in assistance toward the purchase of a personal computer or peripheral device. Eligible employees may use this program to assist in purchasing a personal computer every third year after their previous purchase.
Long-Term Commuting and Parking Reimbursement
It is Edgewater’s policy to reimburse employees for long-term and ongoing commuting and parking expenses up to a maximum of $200 per month for mass transit and/or parking expenses. Such reimbursements are intended to address expenses incurred by employees (on a regular basis) in getting to and from their place of work and will be approved by Edgewater’s Management on a case-by-case basis.
Employee Assistance Program
In an effort to address the work-life issues of our employees and help our employees lead healthier and more productive lives, Edgewater provides all employees access to guidance resources and consultants via a 24-hour toll-free line and online site powered by ComPsych, a leader in Employee Assistance.
