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BENEFITS
HOLIDAYS
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
EDUCATIONAL 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.
EMPLOYEE STOCK PURCHASE PLAN (OPTIONAL)
- Provides Opportunity to Purchase Fortune Brands, Inc. Common Stock via Payroll Deduction
- Plan Offered through Fortune Brands, Inc.
- Minimum $10 per Month. Maximum $200 per Month or 10% of Salary whichever is Greater.
- Acushnet Company Pays Brokerage Commissions on Purchases Made with Payroll Deductions.
EMPLOYEE ASSISTANCE PROGRAM (EAP)
- Free Confidential Counseling to Associates and Family Members (on-site/off-site)
HEALTHWISE WELLNESS CENTER
ACUSHNET HEALTHCHOICE MEDICAL PLAN OPTIONS
OPTIONAL HEALTH INSURANCE PLANS
Acushnet Company currently offers five different medical plan options to choose from, each one providing different coverage levels. You will have the flexibility to make your own decisions about the coverage that best meets the needs of you and your family members.
Medical plan options are Preferred Provider Organizations (PPO’s) & Health Maintanence Organizations (HMO's) , which provide comprehensive medical benefits in-and out-of-network. The plans are administered by United Healthcare & Blue Cross Blue Shield (CA only) and offer access to a broad network of physicians and hospitals.
PRESCRIPTION DRUG PROGRAM – CATALYST RX
- Participating Pharmacy Prescription Drugs (up to 34-day supply) costs are:
$10-generic, $25-Brand Name/Formulary, and $40 for Brand Name/Non-Formulary.
- Mail Order Program for Maintenance Prescription Drugs (up to 90-day supply)
$20-generic, $50-Brand/Formulary, and $80 for Brand/Non-Formulary.
EYECARE PROGRAM
- Eye-Med Vision Care Plan
- Advance Eye Care Center partnership
- 15% discount on all eyewear
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)
$50 deductible applies to major restorative services.
- $1,500 Maximum per Member Annually
LIFE INSURANCE
- $10,000 Basic/Accidental Death Company Paid Life Insurance is provided to all Associates.
- 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
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.
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.
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.
- 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.
401 (K) RETIREMENT SAVINGS PLAN
Eligibility
Contribution
- Subject to Annual Maximum Set by Federal Regulations
- Associate and Employer Contributions are Made Pre-Tax
Vesting
- Company Contributions are vested after one year of service.
Investment Options
- Fortune Brands Service Center
- 1-800-913-2363 or www.401k.com
Distributions
- Loan Provision Available (Home Loan & General Loan)
- Withdrawal Provisions for Hardship Conditions with Penalties
SALARIED PENSION PLAN
Eligibility
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
INVESTMENTS IN RETIREMENT SAVINGS PLAN FUNDS ARE SUBJECT TO MARKET RISK.
DISCLAIMER: This is a brief outline of the benefit plans provided by Acushnet Company. For a complete description of the benefits, exclusions, conditions, etc., please refer to the appropriate Summary Plan Description Document. Should any question arise concerning your benefits, the applicable Summary Plan Description Document will govern.
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ACUSHNET COMPANY
BENEFITS
Benefits
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