Benefits
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In addition to salary, each full-time and some part-time employees receive an Individual Benefits Account (IBA). An IBA provides employees with great flexibility over their healthcare, paid time off, retirement savings, and other benefits. Excel Technologies contributes 25% of your salary to your IBA which can be used for medical expenses, paid time off, additional 401(k) contributions, and/or additional taxable income. The choice is up to the employee where to spend the contribution. |
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IBA Benefits Choices |
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Health |
Individual and family Point of Service plans, with and without a Health Savings Account (HSA). |
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Dental |
Individual and family coverage. |
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Vision |
Individual and family coverage. |
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Life/AD&D |
Two times salary up to $300,000. |
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Identity Protection |
Identity theft protection of your personal information for a wide range of identity threats is available. |
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Wellness |
Membership cost at a fitness facility. Excel will pay a single payment per year, per employee for a wellness expense. |
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Pet Protection |
Insurance and wellness protection available for cats and dogs. |
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Leave |
Paid time off is accrued through Excel’s IBA contribution (25% of salary). Once the cost of benefits for health, dental, vision, life, AD&D, identity theft protection, and wellness are deducted from the IBA, the remaining amount can be used by the employee for paid time off. This includes personal leave, sick leave, holidays, etc. |
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Additional Benefits |
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Retirement-401(K) |
Excel offers a 401(k) plan, which allows employees to contribute pre-tax funds, up to the IRS statutory limits. The company provides an annual contribution of 3% of salary, regardless of deferral, and will match an employee’s contribution up to 6% of salary. The company’s contribution is immediately vested. |
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Excel Technologies is committed to high ethical standards and equal employment opportunities in all personnel actions, including recruitment, selection and hiring, training, assignments, termination, compensation, fringe benefits and promotion without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship status, age, marital status, physical or mental disability or status as a disabled or Vietnam-era veteran.