
| BRB Employment Benefits |
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Paid Personal Leave (Paid time off) This benefit applies to full-time, regular employees who are not laid-off. New employees are not entitled to Paid Personal Leave during their first year of employment. Following one year of full-time employment, employees will accrue personal leave at the rate of one day per month of employment for the first ten years of employment, or twelve (12) days per year. After ten years of employment, employees will accrue paid personal leave at the rate of seventeen (17) days per year. Accrual is calculated on hours actually worked. Six (6) Paid Holidays New Years Day, Memorial Day, July 4th, Labor Day, Thanksgiving and Christmas. This benefit applies to full-time hourly employees following the successful completion of one year of service. Hospitalization-Medical Insurance Coverage is available upon employment at full cost to new employee. BRB will pay the employee portion of the premium after three (3) months of full-time employment if the employee applied for the BRB health insurance at time of initial employment. If the employee does not accept coverage upon employment or reemployment, he/she may not enroll until Open Enrollment or upon a Qualifying Event occurrence. BRB pays only the cost of the individual participant as set forth above. Employees may obtain coverage for their spouse or other dependents or family at their own expense and under the same terms and conditions for enrollment as applicable to the employee. Dental Plan Dental Coverage is available upon employment. The cost of the dental plan is fully payable by the employee. 401-K This is a deferred savings plan using employee’s before tax dollars. Employees are eligible after one year of employment. BRB provides a matching contribution to 401-K participants. The employer contribution shall be paid once a year after the completion of the BRB fiscal year of March 31. Employee Stock Ownership Plan (ESOP) This is a company stock contribution plan. The plan is strictly funded by contributions from the employer and employees do not contribute to the ESOP plan. All employees are eligible to participate after two (2) years of continuous employment and upon reaching the age of 21. The company has the option to contribute cash and/or company stock to plan participants who are eligible. The Company, in its sole discretion and at its option, may or may not make a contribution in any plan year. Other Available Employee Benefits BRB Contractors, Inc. continuously reviews employee benefits and programs to provide maximum benefits at a cost that is affordable to the Company. Some of the benefits that are available to the Employee are not reimbursed by the Company. However, because of the bargaining power of the Company there are benefits available at a reduced price to the employee. An example of this is the AFLAC insurance line that is available to the Employee at favorable pricing although the cost of the insurance is paid for solely by the Employee.
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