Benefits

Golden & Associates Construction, LLC's benefits are designed to provide a comprehensive, balanced, and competitive package. Our benefits program addresses both the immediate and long-term needs that you and your family may have. Benefits are effective on date of hire. Employees must be full-time to participate and part-time employees are eligible for medical coverage. Following is a summary of what Golden offers:

• Health Insurance
• Dental (elective)
• Life Insurance
• Disability Insurance
• 401(k) Plan
• Flexible Spending Account
• Vacation Time

Health Insurance

Golden & Associates Construction, LLC offers Blue Cross and Blue Shield health insurance and pays 60% of the monthly medical premium for both single and family coverage. 

Dental

Blue Cross and Blue Shield dental insurance is offered to all employees. You choose any dentist you wish to provide services and have them submit their charges to Blue Cross and Blue Shield for payment.

Life Insurance and AD&D Coverage

Golden & Associates Construction, LLC provides you Life Insurance and Accidental Death and Dismemberment (AD&D) Insurance coverage through Prudential. Eligible employees are provided life insurance coverage of $50,000. You are also provided with basic Company-paid accidental death and dismemberment (AD&D) insurance in the amount equal to your basic life coverage.

Short Term and Long Term Disability

Disability Insurance is designed to protect your income, if you are totally or partially disabled and not able to work for Golden for an extended period of time. Short Term and Long Term Disability Insurance pays a cash benefit to replace a portion of the earnings you lose as a result of your disability.

Short Term Disability has a 14-day elimination period and pays 60% of weekly earnings for a maximum period of 11 weeks. Long Term Disability has a 90-day elimination period, which will carry over from the Short Term Disability.

Flexible Benefit Plan

A flexible benefit plan is an employer sponsored benefit under IRS section 125. This benefit utilizes employee salary reductions for pre-taxed reimbursement of qualified incurred expenses. There are three benefit options:

Premium Payment and Uninsured Medical Plan

The Premium Payment Plan lets you increase your savings even more by using tax-free dollars to pay for your share of employer-sponsored insurance premiums and medical expenses not covered by the company health insurance plan. By making before-tax contributions to the Plan, you lower your annual federal and Social Security (and in some cases, state) taxes and increase your take-home pay.

Dependent Care Reimbursement Account Plan

The dependent care reimbursement account plan is an easy and affordable way for employees to pay for some of their dependent care expenses with pre-tax dollars including:

• Day Care Centers
• Nursery School
• Summer Day Care
• Home Care
• Child Care

401(k) Salary Deferral Plan

The Salary Deferral Plan is a very good deal. It enables you to save for retirement, reduce current taxes and generate tax-deferred earnings, all at the same time. Briefly, here's how the plan works:

• You become eligible to participate in the 401(k) plan after 6 months of employment. Your contribution percentage can change quarterly and your investment instructions can be changed daily through American Funds. Contributions can be stopped at any time with written notification.
• Golden will match at the rate of one dollar for each dollar of employee contributions, up to the first 4% contributed from your salary.
• Your contribution to the 401(k) savings plan lowers your taxable income, which reduces the current tax liability on your earnings.
• PLUS, your money is free to grow tax-deferred. You don't pay any taxes on that money (or earnings) until you withdraw it from the plan, such as at retirement, when you may be in a lower tax bracket.
• YOU determine how your money is invested. You may choose any one or combination of twelve professionally managed investment funds.

Vacation Time

Vacation accrual goes into effect immediately upon the employee's start date. Vacation hours accrue each month and can be used after six months of employment.