Employee Benefits Summary

Kids Co. offers the following benefits to its employees. These benefits are subject to change.

Paid Leave:

Kids Co. offers Paid Time Off and Sick Leave to all employees. Employees who work 30 – 40 hours per week earn vacation time in addition to PTO and sick leave.

Paid Time Off (PTO):

Kids Co. provides paid time off (PTO) benefits to all eligible employees for periods of temporary absence for reasons other than illness or safety. Eligible employees can earn a maximum of 5 days (40 hours based on 2080 hours worked) per calendar year. Accrual for hourly employees is based on hours worked.

Sick and Safe Leave:

Kids Co. provides paid sick and safe leave benefits to all paid employees for periods of temporary absence due to illness, injury, incidents of domestic violence, or sexual assault of employees and family members. Eligible employees can earn a maximum of 7 days/56 hours (40 hours based on 2080 hours worked) per calendar year. Accrual for hourly employees is based on hours worked.

Vacation:

Vacation benefits are earned by full-time employees who work 30 hours or more per workweek. Accrual rate is based upon length of service with the organization.

Accrual Rates are:
1-3 years of service = 10 days; 4-6 years of service = 15 days; 7+ years of service = 20 days.

In all cases where vacation benefits are earned, 1 day of vacation is equal to the number of hours normally worked each day (i.e. if you work 6.5 hours/day, 1 day of vacation = 6.5 hours). Employees are eligible to take five (5) days of vacation after the first six (6) months of continuous service.

Holidays:

All employees, who are not on “casual/temporary employee” status, receive the following paid holidays following the first day of work:

If one of these holidays falls on a Saturday or Sunday, a day off before or after the holiday may be granted at management’s discretion. Employees are only paid for their regularly scheduled hours that the holiday falls on.

Health Care Benefits:

Kids Co. offers medical, dental, and vision coverage for all employees who work 30 hours or more per week. Enrollment eligibility is on the first of the month after 60 days of continuous employment. Kids Co. pays 85% of the premium. Family coverage is available at full premium amount.

• Medical and prescription coverage is provided through GroupHealth Access PPO plan.
• Dental coverage is provided through MetLife Insurance Co. with routine dental exams and x-rays covered at 100%.
• Vision coverage provided through VSP with one fully covered well-eye visit per year plus $20 copay for prescription glasses.
• Access to an Employee Service Center to assist with benefit questions and claim issues.

Flexible Spending Account:

FSA’s allow employees to set aside pre-tax funds for qualified medical expenses and/or childcare tuition. Employees who work 30 hours or more per week are eligible to enroll in the FSA at the same time as insurance benefits or during open enrollment.

Retirement Savings Account:

Kids Co. offers a flexible retirement savings account option through Principal Financial Group for all employees who work 20 hours or more per week. Employees can choose the savings percentage amount and can choose to have it deposited into a 403b account (pre-tax) or into a Roth IRA account (after-tax) or into both.

Continuing Education Tuition Reimbursement:

Kids Co. recognizes the importance of continuing higher education. We encourage and support individual employee’s educational goals at an accredited institution that are directly linked to their work at Kids Co. Kids Co. may reimburse eligible employees up to 75% of tuition charges per quarter/session/trimester up to a maximum of $1,500.00 per Kids Co. fiscal year (September-August). To be eligible to receive tuition assistance you must be a full-time employee and have completed one full year of employment, receive a grade of C or higher, and have submitted all required documentation.