Baked Products Foods Group
Employees who are not actively working because of an approved leave of absence are not eligible for holiday pay. Hours paid for holidays will not be considered in calculating overtime.
UNEMPLOYMENT INSURANCE If you are laid off from work, the Company provides, at no cost to you, benefits through the unemployment insurance program of your state. WORKERS’ COMPENSATION Should you be injured on the job, the Company provides protection at no cost to you, according to applicable requirements. The Company will pay medical expenses and disability benefits according to the requirements of the state. Any accident MUST be reported immediately to your supervisor. JURY DUTY If called to service, you will receive your normal pay while you serve on a jury. To receive this pay, you must give your supervisor court documentation indicating the days you served on jury duty. When you are excused from jury duty and the next day is a scheduled work day, you are expected to return to work and continue the week as normal. You should notify your supervisor as early as possible of the planned day for returning to work. SOCIAL SECURITY The Company pays one-half of the cost for Social Security, and the benefit you receive is in addition to your Retirement Plan Benefit. If you have questions about your Social Security, contact the Human Resources Department. RETIREMENT SAVINGS PLAN—401(k) Eligible employees can participate in the plan starting with the first pay period after becoming eligible. Through its 401(k) plan, the Company provides you with an opportunity to save between 1% and 100% of your total eligible wages, up to the annual IRS dollar limit. Employee elective contributions are made through payroll deduction and are deposited into your account with the plan’s record keeper. You choose, among the various investment options available, how the money in your account is invested. If you do not voluntarily enroll, you will be automatically enrolled in the plan 30 days after your eligibility date. The Company will automatically enroll you at a 3% deferral rate (pre-tax) and contribute it to your 401(k) account with the plan’s record keeper. You may elect opt out of the automatic enrollment by making a deferral election prior to you automatic enrollment date. You cannot make this election any sooner that 30 days prior to your eligibility date. If you are enrolled in the plan through automatic enrollment and you do not opt out, your contribution deduction will remain at 3% for the first plan year in which you are automatically enrolled and in the following plan year. Beginning with the third plan year of your participation, your contribution percentage will increase by 1% (generally, the April 1 st
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