Benefits
Freeman offers a comprehensive selection of benefits superior to those offered by many other
companies in the industry. This is just one more way we demonstrate our commitment to our
employees - just one more way we show how much we value our employee's commitment to our
success.
All insurance benefits begin after a 90 day waiting period.
Medical and dental
The company offers several choices for medical and dental coverage. Paying for premiums on a
pre-tax basis is available to all employees.
Vision
Comprehensive vision coverage for employees and dependents is available for purchase at a
reasonable cost.
Flexible spending account
Flexible spending accounts are available to help employees reduce their taxable income while
saving for certain health care and dependant care expenses.
Basic life insurance
The company pays 100% for employee life insurance at two or three times their salary, subject
to a maximum limit.
Supplemental life
Employees can purchase additional life insurance for themselves and their dependents through
payroll deduction.
Accidental death and dismemberment
The company pays 100% for this coverage for employees. It provides insurance payments for
certain losses as a result of an accident occurring on or off the job while employees are
insured.
Short-term disability
Employees may purchase this insurance which pays a weekly benefit when they are off work due to
a non-work related illness or injury for more than 14 consecutive days. The weekly benefit is
$250 for a maximum of 26 weeks.
Long-term disability
The company pays 100% for basic coverage for employees. Buy up options for additional coverage
are available.
401K Retirement savings plan
Employees are automatically enrolled on the first of the month following their eligibility
date. The company will begin matching 50% of the first 6% employees contribute after completing
one year of service. Employees are 100% vested in company contributions after three years of
service.
Employee stock ownership plan (ESOP)
After meeting eligibility requirements, contributions are made entirely by the company and
consist of cash and/or stock. The contribution is allocated to employees individual accounts
based on salary level. Employees are fully vested after five years of service.
Employee assistance program (EAP)
Freeman employees and eligible family members enjoy the benefit of confidential counseling and
problem resolution assistance through this program.
Tuition reimbursement
After two years of full-time employment, employees may be reimbursed for tuition cost for
approved courses. Employees will be reimbursed at the rate of 50% for tuition, with a $5,000
maximum benefit per calendar year.
Holidays
Freeman offers 9 paid holidays
Paid time off (PTO)
PTO days are available as vacation, sick, personal days, or to care for sick family members. In
the year of hire, employees accrue PTO at the rate of one day a month. On January
1st following the year of hire, employees are granted 15 days. One additional day is
accrued each January 1st thereafter (to a maximum of 25 days)
Extended illness benefit (EIB)
EIB is intended for qualifying illnesses spanning 8 consecutive days or more. Employees are
granted five EIB days each January 1st. They also have the option of
converting unused PTO days to EIB on December 31st. |