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Benefit waiting period

  • 1.  Benefit waiting period

    Posted 07-03-2018 07:30
    I would like to get feedback to see how soon after an employee starts with your organization that their benefits begin.
    Our current wait is 90 days but am interested to see what the wait period is with other organizations .

    Thanks in advance!

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    Connie Frey
    Business Administrator
    Precision Plumbing
    Matthews NC
    (704) 849-7810
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  • 2.  RE: Benefit waiting period

    Posted 07-04-2018 12:51
    We currently have a 60 day waiting period for medical, dental, life insurance and short term and long term disability.  You enter our 401(k) plan on the first day of the month following 90 days of employment.

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    Terry Moore
    CFO
    MBC Holdings, Inc.
    Archbold OH
    (419) 446-7833
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    Original Message


  • 3.  RE: Benefit waiting period

    Posted 07-05-2018 09:41

    I forgot to mention our 401(k) plan in my earlier response, our employees are eligible for entry after 1 year of service.

     

    Sincerely,

    Carolyn Brister, CBA

    Controller

    Momentum Mechanical, Inc.

    2504 Gravel Dr.,  Fort Worth, TX  76118

    817-624-0024 Office     817-846-6476 Cell

    cbrister@momentummechanical.com

     




    Original Message


  • 4.  RE: Benefit waiting period

    Posted 07-05-2018 13:41
    first of the month following 30 days for health, dental, vision and life insurances, and automatic enrollment on day one of employment for 401k (3% deferral default)

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    Gail Wardell CPA
    Chief Financial Officer
    Collins Electrical Co., Inc.
    Stockton CA
    (209) 466-3691
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    Original Message


  • 5.  RE: Benefit waiting period

    Posted 07-05-2018 14:02
    Our medical/dental is 90 days;  401K is 1 year.

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    Greg Belanger
    Controller
    West Fork Construction
    Sacramento CA
    (916) 452-8197
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    Original Message


  • 6.  RE: Benefit waiting period

    Posted 07-05-2018 07:12
    ​We have a 60 day waiting period.  We pay COBRA expenses during that 60 day period.

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    Melissa Schober
    Project Accountant II
    WELBRO Building Corporation
    Maitland FL

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    Original Message


  • 7.  RE: Benefit waiting period

    Posted 07-05-2018 08:31
    Health Insurance first of the month following 30 days,  departures also receive insurance through the end of the month.  Disability insurance 12 months.  Profit Sharing retirement program requires be working at the start of the year and end of the year with at least 1,000 hours; so not a specific wait time .


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    Dan Vander Ploeg CCIFP
    Treasurer
    Bouma-Betten Construction, Inc
    Portage MI
    (269) 327-6751
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    Original Message


  • 8.  RE: Benefit waiting period

    Posted 07-05-2018 08:35
    We currently have a 90 day waiting period for benefits except 401k which is open enrollment quarterly after 6 months.

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    Michele Yetzer
    Office Manager
    Reitter Stucco
    Columbus OH
    (614) 291-2212
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    Original Message


  • 9.  RE: Benefit waiting period

    Posted 07-05-2018 09:38

    We offer our benefits after 60 days regarding any company provided benefits.  Optional Medical, Dental & Vision coverage is effective the fist of the month after the 60 day period.  When Obama Care became effective the guidelines regarding when we are required to offer medical coverage changed to "less than 90 days".  So the first of the month after 60 days is compliant.  Hope this helps.

     

    Sincerely,

    Carolyn Brister, CBA

    Controller

    Momentum Mechanical, Inc.

    2504 Gravel Dr.,  Fort Worth, TX  76118

    817-624-0024 Office     817-846-6476 Cell

    cbrister@momentummechanical.com

     




    Original Message


  • 10.  RE: Benefit waiting period

    Posted 07-05-2018 10:46
    We had been the 1st of the month after 30days of employment but continued to have locations requesting exceptions, so we now allow entry on the 1st of the month following the date of employment.

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    Billy Friesen CPA
    CFO
    Commonwealth Electric Co of the Midwest
    Lincoln NE
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    Original Message


  • 11.  RE: Benefit waiting period

    Posted 07-11-2018 11:53
    We mostly see 3 months waiting period for benefits enrollment except 401(k)s. 6 months for 401(k)s.

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    Zeeshan Malik CCIFP, CPA
    Audit Director
    Katz, Sapper & Miller, LLP
    Indianapolis IN
    (317) 452-1040
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    Original Message


  • 12.  RE: Benefit waiting period

    Posted 07-12-2018 11:25
    All employees are eligible to elect health, dental, STD, LTD, life on first day of hire.  Those benefits end on day of termination.

    They can start contributing to 401K on first day, and ER match starts immediately.

    New employees start accruing PTO at a 10 day/yr run rate immediately and can go negative on PTO up to 40 hours as long as they have the ability to make the accrual up in the year (we do have them sign documents saying they need to pay back any negative PTO if they leave)

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    Pete Keller
    CFO
    Integrated Protection Services
    Cincinnati OH
    (513) 631-5505
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    Original Message