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OtterBase is dedicated to providing employee benefits that not only match industry standards, but exceed them. Benefit packages are custom design to meet each contractor’s individual needs. Certain benefits require employee contributions. Please refer to your Employment Agreement and Benefit Exhibit for a more detailed explanation of the benefit packages available per your specific Employment Agreement.
Medical and Prescription Drug Benefits are available to eligible, full-time employees under the OtterBase Health Plan. The plan provides comprehensive health insurance as more fully described in the plan benefit book. Benefits for employees are available through bi-weekly employee contribution as established by the plan. OtterBase’s Section 125 plan allows employee contributions to be taken on a pre-tax basis. Employee bi-weekly contributions may be adjusted when deemed necessary. Coverage is effective the first of the month following the date of hire if eligibility requirements are met.
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BCN HMO (Michigan Resident)
Community Blue PPO (Non-Michigan Resident)
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January 1 through December 31 |
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Employee Only Coverage:
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$95.00 per bi-weekly pay period |
Employee + 1 Child: |
$195.00 per bi-weekly pay period |
Employee + Spouse:
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$220.00 per bi-weekly pay period |
| Family Coverage (3 or more): |
$330.00 per bi-weekly pay period |
Click here for a Summary of HMO Benefits - Michigan Residents
Click here for a Summary of the PPO Medical Benefits – Non-Michigan Residents
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Dental Benefits are available to eligible, full-time employees under the OtterBase Dental Plan. Dental benefits are more fully described in the benefits booklet. Benefits for employee are available through bi-weekly employee contribution as established by the plan. OtterBase’s Section 125 plan allows employee contributions to be taken on a pre-tax basis. Employee bi-weekly contributions may be adjusted when deemed necessary. Coverage is effective the first of the month following the date of hire if eligibility requirements are met.
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Ameritas Group
www.ameritasgroup.com |
| PPO |
| January 1 through December 31 |
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Employee Contribution Levels for 2012 Plan Year:
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Employee Only Coverage:
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$15.00 per bi-weekly pay period |
2 Person Coverage: |
$30.00 per bi-weekly pay period |
Family Coverage (3 or more):
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$45.00 per bi-weekly pay period |
Click here for a Summary of the Dental Benefits
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OtterBase’s 401(k) plan is administered by Fidelity. This flexible plan allows employees the opportunity to contribute up to $16,500 per year through convenient pre-tax payroll deductions. Your contribution may be invested in stocks, bonds, mutual funds and/or money funds. Our Plan Administrator can assist OtterBase employees with rollovers and other financial/investment issues. OtterBase does not have a matching contribution plan at this time.
Employees may join after six months of employment with OtterBase.
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Section 125 Plan allows OtterBase to take your employee contributions for the medical and dental plans on a pre-tax basis.
Holiday Benefit:
6 holidays – New Year’s Day, Memorial Day, 4th of July, Labor Day, Thanksgiving Day, and Christmas Day.
Personal Time Off Benefit:
Personal time is accrued, not to exceed the maximum number of days noted in the Employment Agreement each year.
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All OtterBase contractors are eligible for a $200 bonus if a referral is placed by OtterBase and stays in the position for at least 90 days.
Please contact your recruiter for details regarding this benefit
Vendor: PayChex
Click Here for a List Pay Dates for 2012
Available Credit Unions:
Contractors can join the following credit unions; or may use the financial institution of their choice:
- University of Michigan Credit Union, Ann Arbor, MI.
- Option 1 Credit Union in Grand Rapids, MI..
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