|
Most employees wish they could be treated like the owner. Well, at Scott, they are. Because we reward performance, our employee owners enjoy some of the best benefits in the business.
Scott offers the following employee benefits:
- Group Health with a triple option
- Basic Life & AD&D, Short-Term Disability, and Long-Term Disability
- Voluntary Dental coverage with a dual option
- Voluntary Life (this is in addition to the employer-paid Basic Life)
- Supplemental Income Protection
- Flexible Spending Accounts
- Employee Stock Ownership Plan (ESOP)
- Pension Plan - company contribution of 3% of your compensation
- Flexible Spending Plan - Health Savings Account available with company match
Employee Stock Ownership Plan (ESOP)
While we realize that there are many successful and attractive ESOPs in the corporate marketplace, we are confident that ours is unmatched in its generous rewards and superb administration. The management of our ESOP is constantly and carefully attended and our owners are provided with regular communication about their investments, their portfolio, and their choices regarding both. Our ESOP committee and consultants are always available to guide owners and to define concrete expectations and goals when considering the significant contributions made over the course of a career at Scott.
Contributions made by Scott Insurance on your behalf are discretionary in amount, currently 22% of your compensation. Employee Owners are not taxed on the contributions as current income. Ownership of funds are acquired by the employee in the form of vested interest. A summary of your vested benefit is distributed annually. All full-time employees who reach their 20th birthday and have completed 12 continuous months of service in which they worked 1,000 hours are eligible.
|
