BENEFITS

CORE BENEFITS [SALARIED ASSOCIATES]

SALARY CONTINUATION (Exempt Salaried Associates Only)

Protection Against Loss of Earnings for Extended Absence due to Personal Illness or Non-work Related Injury.
Maximum 90 days per Calendar Year.

SALARY CONTINUATION (Non-Exempt Associates)

Protection Against Loss of Earnings for Extended Absence due to Personal Illness or Non-Work Related Injury.
This plan pays up to 13 weeks, based on service related schedule. If you’re eligible benefits are 100% of your pay.

SHORT TERM DISABILITY (Non-Exempt Salaried Associates Only)

Salary Continuation. Period Determined by Length of Service followed by Short Term Disability Coverage.
Current Level of STD Coverage is 60% of hourly rate with a max benefit of $330 per week.
Max of 26 Weeks including Salary Continuation.

LONG TERM DISABILITY

Provides 60% of Base Salary (up to $100,000) after salary continuation and/or short term disability ends.
Coverage is Subject to Reduction by Social Security, Workers' Compensation, State Disability, Etc.
Life Insurance Coverage Remains in Effect during Disability Period.
Credited Service Toward Retirement Continues to Accrue During Disability Period.
Supplemental LTD available at employee's cost if earnings exceed $100,000.

TRAVEL ACCIDENT INSURANCE

Acushnet Company provides Travel Accident Insurance to all associates when a death is a result of an accident while traveling on authorized Company business off Company premises. A benefit rate of 4x your annual base salary, max benefit is $750,000.

EDUCATION ASSISTANCE

Eligibility - All full-time associates, both regular and Acushnet temporary after one year of service.
Provides Reimbursement for Approved Courses as Follows:
Grade A, B 100% Reimbursement
Grade C, D 80% Reimbursement
If you take job related courses at an accredited school, Acushnet Company will reimburse you up to an annual max of $5250.00: Cost of Tuition, some lab and mandated fees.
This benefit could become subject to taxation.

VACATION ELIGIBILITY
After 6 months - 1 week
After 1 year - 2 weeks (if hired before 7/1)
After 5 Years - 3 weeks
After 12 years - 4 weeks
After 20 years - 5 weeks
After 30 years - 6 weeks

Through the Acushnet HealthWise wellness program, Associates have the opportunity to earn additional days off for taking specific health improvement actions.

PERSONAL CHOICE BENEFITS

HOLIDAYS

11 Paid Holidays

SALARIED PENSION PLAN
ELIGIBILITY

One Year of Service

VESTED

Five or More Years of Service or Age 50, if earlier.

CONTRIBUTION

Non-Contributory, Entire Cost Paid by Company

NORMAL RETIREMENT

The Later of Age 65 or Social Security Retirement Age

EARLY RETIREMENT

Age 50
Pension amount Reduced

PENSION FORMULA:

.9% of Highest 5 Year Average Earnings X Years of Credited Service.
.55% of Highest 5 Year Average Earnings in Excess of Social Security Covered Compensation X Years of Credited Service.

BASIC LIFE INSURANCE

$10,000 Basic/Accidental Death Company Paid Life Insurance is provided to all Associates.
Additional Coverage is Available via Personal Choice Benefit Program (optional).

EMPLOYEE ASSISTANCE PROGRAM (EAP)

Free Confidential Counseling to Associates and Family Members (on-site/off-site)

HEALTHWISE WELLNESS CENTER

FREE Monthly Membership

ACUSHNET HEALTHCHOICE MEDICAL PLAN OPTIONS
OPTIONAL HEALTH INSURANCE PLANS
You will have five different plan options to choose from, each one providing different coverage levels. You will have the flexibility to make your own decisions about the coverage you want.

All medical plan options are Preferred Provider Organizations (PPO’s), which provide comprehensive medical benefits in-and out-of-network. The plans are administered by United Healthcare and offers access to a network of United and Harvard Pilgrim physicians and hospitals, depending upon where you reside.

Through the Acushnet HealthWise wellness program, Associates have the opportunity to earn a lower medical premium cost for taking specific health improvement actions.

PRESCRIPTION DRUG PROGRAM – CVS Caremark

Associate Cost for Generic Prescription Drug at Participating Pharmacy is $10 (up to 34-day supply).
Associate Cost for Brand Name/Formulary Prescription Drug at Participating Pharmacy is $35 (up to 34-day supply).
Associate Cost for Brand Name/Non-Formulary Prescription Drug at Participating Pharmacy is $55 (up to 34-day supply).
Mail Order Program for Maintenance Prescription Drugs (up to 90 day supply) $20 generic/$70 Brand/Formulary, and $110 for Brand/Non-Formulary.

DENTAL PLAN

100 % Coverage for Preventative Services
(e.g. Cleaning X-rays)
80% Coverage for Restorative Services
(e.g. Fillings, Simple Extractions)
50% Coverage for Major Restorative Services
(e.g. Dentures, Crowns, Periodontal Scaling) After $50 DEDUCTIBLE
$1,500 Maximum per Member Annually

LIFE INSURANCE

Optional Supplemental Coverage of Life Only or Life Plus Accidental Death and Dismemberment are Available in the Amount of 1-5 Xs Annual Base Salary.
(Rates determined by Age)
SPOUSE/DEPENDENT Life Insurance
- Spouse $5,000, Dependent Children $2,000 Each or,
- Spouse $10,000, Dependent Children $5,000 Each

FLEXIBLE SPENDING ACCOUNTS

Pre-Tax Contributions

HealthCare Account

Minimum $100 - Maximum $3,000 per Year
Use for Payment of Healthcare Expenses not otherwise covered (e.g. Co-payment on Medical and Dental Services, Contact Lenses, Deductibles etc.)

Dependent Care Account

Minimum $100 - Maximum $5,000 per Year
Use for Child and/or Elder Care

Forfeiture

Contributions to Flexible Spending Accounts are forfeited if not used by End of Year.

ACUSHNET COMPANY
BENEFITS

Benefits