- 401(k) and Profit Sharing
- Eligible employees can contribute to their retirement income by setting aside up to 25% of their annual salary on a pre-tax basis, into various investment vehicles through Principal Financial Group starting the first day of employment. MEEMIC matches employee contributions by 50% of the 1st 5% after the 1st of the quarter following 6 months of service. This match will be vested immediately. Eligible employees will receive 3% of their annual pay earned in the plan year, at the end of each plan year. Company may choose to contribute an annual profit sharing of up to 6 1/2% at the end of each plan year. Profit sharing vests over 5 years. No waiting period for qualified rollovers. Loans available.
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- Dental Care
- MEEMIC offers eligible employees an extensive dental plan through Delta Dental Plan.
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Eligible as of: 1st of the month following 30 days of service
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- Dependent Care Reimbursement Account
- Employees can set aside up to $5,000 from base pay on a pre-tax basis for reimbursement of expenses incurred for the care of dependents.
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Eligible as of: 1st of the month following 30 days of service
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- Dependent Life Insurance
- Eligible employees can choose to purchase 3 levels of coverage for eligible dependents.
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Eligible as of: 1st of the month following 30 days of service
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- Direct Deposit
- All or portions of employee's paychecks deposited into a variety of accounts and or institutions of employee's choice.
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Eligible as of: Date of hire
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- Employee Assistance Program
- Confidential toll-free assessment and referral service to assist employees and dependents in handling job- related and personal concerns.
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Eligible as of: Date of hire
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- Health Care Reimbursement Account
- Employees can set aside up to $3,000 from base pay on a pre-tax basis for reimbursement of eligible medical, dental and vision expenses not covered by an insurance plan.
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Eligible as of: 1st of the month following 30 days of service
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Holidays
The company recognizes the following holidays:
- New Year's Day
- Good Friday
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Day after Thanksgiving
- Christmas Eve Day (1/2 day)
- Christmas Day
- New Year's Eve (1/2 day)
Employees must work the scheduled day before and after a holiday to receive holiday pay.
Eligible as of: Date of hire
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- Insurance Designation Courses
- Eligible employees may receive 100% for courses exams and textbooks. All reimbursement is subject to management approval.
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Eligible as of: After 6 months of employment
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- Job Opportunities
- Open positions are posted on the company intranet for internal applications.
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Eligible as of: After 90 days of service
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- Life Insurance and AD&D Insurance
- MEEMIC provided benefit equal to twice an eligible employees annual salary. AD&D is according to schedule.
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Eligible as of: 1st of the month following 30 days of service
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- Long Term Disability
- MEEMIC provides eligible employees 66 2/3% of compensation up to $10,000 per month.
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Eligible as of: 1st of the month following 30 days of service
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- Medical Care
- MEEMIC offers eligible employees a choice of 2 plans utilizing the Blue Cross Blue Shield Network:
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Plan A: 100% in-network coverage, 80% out of network coverage.
- Plan B: 80% in-network coverage, 60% out of network coverage.
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Eligible as of: 1st of the month following 30 days of service
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- MEEMIC Mile Program
- An employee-to-employee recognition program, which provides each employees with gift certificates that they can give to other employees in recognition of services above and beyond.
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Eligible as of: Date of hire
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- Prescription Drugs
- MEEMIC offers eligible employees enrolled in the medical plan, prescription drug coverage through Blue Cross and Blue Shield of Michigan.
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Eligible as of: 1st of the month following 30 days of service
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- Referral Bonus Program
- Employees who refer candidates for an open position are eligible for a $300 bonus. Candidates must be hired and successfully complete the 90-day evaluation period.
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Eligible as of: Date of hire
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- Service Recognition
- Certificates and commemorative gifts upon reaching service milestones.
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- Short Term Disability
- MEEMIC provides eligible employees a benefit of 66 2/3% of compensation paid on the 1st day of an injury or the 8th day of an illness up to 90 calendar days.
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Eligible as of: 1st of the month following 30 days of service
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- Sick and Personal Time
- Eligible employees receive a lump sum of 10 days per calendar year. Any unused sick time may not carry over into the next year. New hires receive pro-rated sick time based on their start date. All sick time is subject to management approval.
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Eligible as of: 1st of the month following 90 days of service
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- Travel Accidental Death & Dismemberment
- MEEMIC provides employees who travel on a "regular" basis an additional $150,000 in AD&D insurance. For business travel only.
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Eligible as of: Date of hire
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- Tuition Reimbursement
- Eligible employees may receive 80% of tuition and books for a passing grade. All reimbursement is subject to management approval.
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Eligible as of: After 6 months of employment
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- Vacation Time
- Full time eligible employees accrue vacation time on the following scale.
| Years of Service |
Rate Earned |
Approximate Days |
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| 0-1 years |
2.9 hours for each pay period worked |
10 |
| 2-4 years |
3.5 hours for each pay period worked |
12 |
| 5-9 years |
5.2 hours for each pay period worked |
18 |
| 10-14years |
5.8 hours for each pay period worked |
20 |
| 15+ years |
7.0 hours for each pay period worked |
24 |
Eligible as of: 1st of the month following 6 months of service
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- Vision Care
- MEEMIC offers eligible employees enrolled in the medical plan, an optical plan through Blue Vision Service Plan.
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Eligible as of: 1st of the month following 30 days of service
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- Voluntary Life
- Eligible employees can choose to purchase up to 7 times their annual salary.
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Eligible as of: 1st of the month following 30 days of service
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- Wellness Care
- MEEMIC offers eligible employees enrolled in the medical plan, an annual allowance for wellness expenses. These programs include exercise or gym memberships, smoking cessation courses, nutrition classes or weight loss programs.
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Eligible as of: 1st of the month following 30 days of service
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This is an overview of the benefits of MEEMIC Insurance Company. The company retains the right to amend, modify, reduce and/or eliminate any portion of the benefits at anytime.
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