BENEFITS
MEDICAL INSURANCE
The company offers three medical insurance plans. Our options include:
Cigna Health Reimbursement Account (HRA)
Cigna Health Savings Account (HSA)
Kaiser Health Reimbursement Account (HRA) HMO
As an additional perk, the company will also contribute to the HRA and HSA plans to help cover qualifying medical expenses.
401K PLAN
Everyone dreams of a retirement free from financial worries. Our 401(k) and Regular Profit-Sharing Plans are designed to help our employees save and invest for retirement. As a 711 Materials employee, our team of retirement plan experts provide tools and resources to help identify retirement needs and to help determine how to reach retirement savings goals.
FREE BASIC LIFE INSURANCE
Life insurance helps protect our family and loved ones. 711 Materials provides full-time employees with group life insurance guaranteeing a minimum coverage amount of $50,000. The company pays for the full cost of these benefits – meaning our employees are not responsible for paying any monthly premiums.
SUNLIFE SUPPLEMENTAL INSURANCE
Our supplemental plans provide our employees with peace of mind. These benefits protect our employees and their families from any out-of-pocket costs resulting from an accident and provide help to manage the financial impact of a critical illness.
PAID TIME OFF
We offer highly competitive paid time off as well as eight paid holidays to enjoy with your family.
DENTAL INSURANCE
In addition to protecting our employee’s smile, our Cigna Dental Insurance plan helps pay for dental care to include regular checkups, cleanings, and X-rays.
HEALTH SAVINGS ACCOUNT
Our HSA account is a tax-saver. HSA contributions are made with pre-tax dollars. Because taxable income decreases as a result of our employee’s contributions, our employees pay less in taxes.
VISION INSURANCE
Our company’s Cigna Vision Insurance plan allows our employees to participate in specific eye care benefits. Our policy covers routine eye exams and other procedures, and provides specified dollar amounts or discounts for the purchase of eyeglasses and contact lenses.
FLEXIBLE SPENDING ACCOUNT
Our Flexible Spending Account allows our employees to put aside tax-free money that can be used to pay for qualified medical expenses. These funds can be used at any time, even if it’s the beginning of the year.
AD&D LIFE INSURANCE
Life insurance helps protect our family and loved ones. 711 Materials provides full-time employees with Accidental Death and Dismemberment (AD&D) insurance guaranteeing a minimum coverage amount of $50,000. The company pays for the full cost of these benefits – meaning our employees are not responsible for paying any monthly premiums.
WELLNESS INCENTIVES
Our Cigna and Kaiser plans offer you a variety of healthy lifestyle programs, personal wellness coaching, and reduced rates on health products and services to include gym memberships and onsite health education classes and support grounds.
LEAVES OF ABSENCE
We offer leave of absence for time away that extend beyond the provided paid time off.
CIGNA VOLUNTARY LIFE INSURANCE
711 Materials provides our employees and their families the flexibility to decide if they need additional insurance coverage. This benefit is offered to cover the employee, spouse, and children and guarantees a minimum coverage amount of $150,000.
EMPLOYEE ASSISTANCE PROGRAMS
Our HSA account is a tax-saver. HSA contributions are made with pre-tax dollars. Because taxable income decreases as a result of our employee’s contributions, our employees pay less in taxes.
PAID REED COMMUNITY SERVICE DAY
We are very proud to offer our employees the opportunity to make a difference and provide a positive impact in their communities.
Transparency in Coverage
https://www.cigna.com/legal/compliance/machine-readable-files
This link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.