| BENEFIT |
Eligibility |
Plan Description |
| MEDICAL, DENTAL AND VISION |
Effective 1st of the month following Date of Hire |
Medical:
 California
HMO
Point of Service (POS)
Open Access
Health Fund Open Choice
Dental:
DHMO and PPO
Vision Discount Plan:
Discounts
on frames, lenses and contacts. |
| LIFE INSURANCE |
Immediately |
STEC provides $20,000 life insurance policy. Employee
has option to purchase additional Life Insurance up to $300,000
in $20,000 increments.
Term life insurance for spouse and/or children is available
to purchase. |
| AD&D (ACCIDENTAL
DEATH OR DISMEMBERMENT) |
Immediately |
STEC provides an amount equal to the Basic Life benefits.
AD&D life insurance for spouse and/or children is available
to purchase. |
| BUSINESS TRAVEL ACCIDENT INSURANCE |
Immediately |
STEC provides business travel accident insurance to
employees that travel for the company. |
| SHORT TERM DISABILITY PLAN |
Immediately |
In supplement with California State Disability plan, STEC
provides up to 60% of salary when disabled due to illness or
injury lasting five (5) working days or more. |
| LONG TERM DISABILITY PLAN |
Immediately |
STEC provides 60% of your income (subject to taxes)
when disabled due to ilness or injury lasting more than 90 days. |
| FLEXIBLE SPENDING ACCOUNTS |
Immediately |
In accordance with Section 125 Cafeteria Plan, Flexible Spending
Account allows a pre-tax portion of your salary for the purpose
of unreimbursed health care and unreimbursed dependent care
expenses. |
| 401(k) |
1st of the month following date of hire |
STEC matches half of the first 10% of employee's salary
contribution per pay period up to a maximum yearly contribution
established by the IRS. Matching will become effective after
6-months of continuous employment. Stepped vesting schedule
over a 6-year period for company contributions. |
| VACATION TIME |
Upon date of hire |
New hire to 5 years = 3.34 hours per semi-monthly pay period,
equivalent to 10 days.
After 5 years to 10 years = 5.0 hours per semi-monthly pay
period, equivalent to 15 days.
After 10 years = 6.66 hours per semi-monthly pay period,
equivalent to 20 days. |
| SICK TIME |
Immediately |
Plan Description: Accrue at 1.67 hours per pay period, equivalent
to 5 days per year up to a maximum of 10 days. |
| PERSONAL DAY |
Every 6 months |
One (1) personal day given every 6 months to be use as a floating
holiday or for the purpose of personal day off. |
| HOLIDAY |
Immediately |
STEC recognizes the following 6 major holidays: New
Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving
Day and Christmas Day. |
| TUITION ASSISTANCE PROGRAM |
After 6 months of continuous service |
Reimbursement up to $10,000 per calendar year for approved courses
with grades of A or B only. "A" grade will receive 100% reimbursement.
"B" grade will receive 75% reimbursement. |
EAP
Employee Assistance Program |
|
Assists employees in handling personal or work related issues,
behavioral health or referral to professional services. |
