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Paslode
employees earn a competitive salary. In addition, Paslode offers
a comprehensive benefits package designed to help employees care
for themselves and their families and plan for the future.
We recognize
the men and women of Paslode as well-rounded individuals with a
broad range of interests. We encourage our employees to pursue community
involvement opportunities, educational endeavors and other activities
in order to fulfill their personal and professional goals and objectives.
We want Paslode
employees to wake up every morning excited about the opportunities
that lie ahead and able to focus their energies on creating new
and better products for our customers. Our benefits plan and resources
are designed to give you the support you need to do your very best.
HEALTH BENEFITS*
- Medical
Care
Generally, employees may choose between two HMO plans (Illinois
residents only), and the ITW self-insured PPO plan.
- Dental
Care
Comprehensive
coverage for many restorative and reconstructive services are
offered. This also includes orthodontic benefits for eligible
dependents, and 100 percent coverage for preventive care.
- Health
Care Flexible Spending Account
Lowers your taxable income by reimbursing eligible and out-of-pocket
medical, dental, and vision expenses on a pretax basis up to $5,000
per year.
- Life Insurance
Basic life insurance is company-paid and covers 1.5 times your
annual base pay. Additional coverage ranges from a minimum of
one to a maximum of eight times your annual base pay and excellent
rates are available.
- 24-hour
Nurse Connections Line
Available 24 hours a day, seven days a week, to provide useful,
easy-to-understand health information that can help you make appropriate
healthcare decisions.
- Employee
Assistance Program
Offers confidential counseling services 24/7.
FAMILY
BENEFITS*
- Dependent
Care Flexible Spending Account
Lets you lower your taxable income by reimbursing eligible day
care and elder care expenses on a pretax basis - up to $5,000
per year, per household.
- Dependent
Life Insurance
Basic Dependent Life Insurance is company-paid. Additional Dependent
Life Insurance offers four levels of coverage for your spouse
and/or eligible dependent children.
INVESTMENT
BENEFITS*
- Savings
Plus 401(k) Plan
Lets you defer up to 50 percent of your pretax salary dollars.
Paslode matches up to 4.5 percent of your contribution; based
on your contributing level.
- Company
Basic Contribution of 401 (k)
After one year of employment, employees will start accumulating
between three and six percent (based on age and years of service)
of a Company Basic Contribution. After three years, employees
are 100 percent fully-vested at no cost.
PASLODE
EXTRAS*
- Tuition
Assistance Program
Reimburses 100 percent tuition for approved work-related courses.
*The
plan information presented describes only the highlights of the plans
and does not constitute official plan documents. Additional terms
and conditions apply. If there are any discrepancies between the information
contained herein and the official plan documents, the plan documents
will govern.
Paslode reserves
the right to change, amend, or terminate the plans at any time. This
Employee Benefits Overview is not intended to give rise to any right
to employment, continued employment, or any benefit with or from Paslode.
It is the policy
of Paslode to employ the best qualified individuals available for
all jobs without regard to race, color, religion, sex, age, national
origin, sexual, gender identity/gender expression, disability, and
citizenship, status as a veteran with a disability or veteran of the
Vietnam Era.
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