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| Health Plan
(Medical and Other Coverage) |
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For all full-time direct employees, AE Solutions pays 100% of the cost of employee medical coverage less a nominal fee. (The employee fee for 2010 is $30, $60, or $80 per month depending on the plan chosen). AE Solutions pays a portion of the dependent coverage cost. Our plans include a prescription card and a nationwide network of care providers. We offer both POS and HDHP plans for medical coverage. Dental and vision coverage may also be purchased. Employees can elect to have insurance fees deducted from their payroll on a pre-tax basis.
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| FSA
- Employees may contribute up to $3500 per year in
equal pre-tax deductions from their pay to be placed
in a Flexible Spending Account for qualified health
reimbursements. Another $5000 maximum per year may
be contributed for dependent care reimbursements. |
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Disability
Insurance |
| Employees
that elect to purchase the medical insurance
are also provided with short-term and long-term
disability insurance at no additional cost. |
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Life Insurance |
| Each
employee that elects to purchase the medical insurance is provided with $50000 life insurance.
Dependent insurance is also available. Employees can elect to
have fees deducted from their payroll on a pre-tax
basis. Supplemental life insurance is also available for purchase on an after tax basis.
It can be purchased for the employee, spouse, and children. |
| Employees
can participate in a tax-deferred income savings
plan with a 3% matching company contribution through
our Simple IRA plan. |
| Employees
are eligible for up to 20 days per year of paid
time off for vacation, holidays and sick days. This
increases to 25 days after 5 years of employment
and to 30 days after 15 years of employment. AE
Solutions typically observes 7 office closure days:
New Year's Day, Memorial Day, Independence Day,
Labor Day, Thanksgiving Day, Day after Thanksgiving
and Christmas Day. |
| Employees
are eligible to purchase up to 80 hours of additional
time off through a payroll deduction plan. |
| Employees
can define their personal work schedule outside
of the company core hours. |
| All employees are eligible for an annual discretionary performance bonus. |
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