2023 EMPLOYEE BENEFITS
All employee insurances are effective the first day of the month following the month of hire.
Health Insurance
- Various Blue Shield plans from which to choose (HMO, PPO).
- Foundation contributes to premium for employee (using the specified HMO Plan as a benchmark, covering this benchmark 100%).
- Employees are responsible for paying additional costs associated with coverage for a spouse, domestic partner, and other qualified dependents.
Dental and Vision Insurance
- Foundation pays the employee premium for both dental and vision.
- Employees are responsible for paying additional costs associated with coverage for a spouse, domestic partner, and other qualified dependents.
Flexible Spending Account (FSA)
- Employee contribution is capped at $2,750 for Medical FSA and $5,000 for the Dependent Care.
Life/Accidental Death & Dismemberment Insurance (paid for by SBF)
- Effective the first day of the month following the month of start date.
- Foundation pays for this benefit premium for the employee.
Short & Long Term Disability Insurance
401(k) Retirement Plan – Foundation Match
- Effective on the first payroll after hire.
- Automatically enrolled at 4% upon hire.
- Immediate Vesting.
- The Foundation will match the employee’s contribution dollar for dollar up to a maximum of 4% of the employee’s gross salary, on a per pay period basis.
401(k) Retirement Plan – Foundation Contribution
- Effective the first day of the month following one year of employment.
- 3-year cliff vesting.
- For 2023, the Foundation will contribute 6% (2023) of employees’ gross salary. This amount contributed may change from year to year based on the resources of the Foundation.
ESI Employee Assistance Program
- A confidential service available to assist employees in dealing with concerns within and outside the workplace.
- E.g. counseling and financial services.
- Additional learning opportunities (L&D).
- Supervisor support.
Holidays
- For the entire calendar year in 2023, fourteen (14) paid holidays.
Sick Time
- Each full-time employee receives five days (35 hours) of SICK time to use for qualified reasons, each calendar year.
Paid Time Off (PTO)
- PTO is earned on a per pay period basis and credited to an employee’s PTO bank on the first day of the month following the month that PTO was earned.
- 1 – 4 Years = 15 days
- 5 – 8 Years = 20 days
- >8 Years = 25 days
Cell Phone & Internet
- Currently, the total allowance per staff person, per month, is $65. This is $30 per pay period. The $65 applies while SBF requests staff to work remotely while the pandemic continues to affect business operations.
Please note, benefits listed are only a summary and are subject to change. Please see Human Resources for more information.
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