This report analyzes and compares APEX TOOL GROUP's employee health insurance and employee benefits with its industry and in Maryland State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
APEX TOOL GROUP has superb career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the APEX TOOL GROUP. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: APEX TOOL GROUP offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, APEX TOOL GROUP makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, APEX TOOL GROUP can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: APEX TOOL GROUP encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, APEX TOOL GROUP supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: APEX TOOL GROUP has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: APEX TOOL GROUP believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that APEX TOOL GROUP provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: APEX TOOL GROUP is aware of the difficulties that new employees might experience when they join the team. That's why APEX TOOL GROUP has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: APEX TOOL GROUP knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to APEX TOOL GROUP.
- TUITION REIMBURSEMENT: APEX TOOL GROUP realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | APEX TOOL GROUP | Industry | Maryland |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
APEX TOOL GROUP offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy APEX TOOL GROUP's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: APEX TOOL GROUP does not offer counseling.
- DENTAL PLAN: Team members at APEX TOOL GROUP have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. APEX TOOL GROUP partially pays for dentures and braces as well.
- HEALTH INSURANCE: APEX TOOL GROUP offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: APEX TOOL GROUP is aware of the fact that a healthy employee is a productive employee so it offers extraordinary health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: APEX TOOL GROUP has a top-notch healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: APEX TOOL GROUP has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: APEX TOOL GROUP has a valuable telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. APEX TOOL GROUP can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: APEX TOOL GROUP has an outstanding Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | APEX TOOL GROUP | Industry | Maryland |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
Team members enjoy suitable financial benefits at APEX TOOL GROUP. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. APEX TOOL GROUP offers suitable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect APEX TOOL GROUP to partially cover the expenses.
- 401(K) PLAN: APEX TOOL GROUP has a remarkable 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. APEX TOOL GROUP provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a remarkable APEX TOOL GROUP has Matching program that matches 75% of employees' contributions. Whatever APEX TOOL GROUP contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave APEX TOOL GROUP. Recognizing that every team member is unique, with specific needs and goals, APEX TOOL GROUP keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: APEX TOOL GROUP does not offer adoption assistance reimbursement.
- BONUS PAY: APEX TOOL GROUP has a valuable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: APEX TOOL GROUP does not offer childcare discount.
- COMMUTER BENEFIT: APEX TOOL GROUP offers exceptional commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: APEX TOOL GROUP has a solid daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: APEX TOOL GROUP offers a top-notch short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: APEX TOOL GROUP offers a good life insurance policy to its team members for an affordable price. APEX TOOL GROUP participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: APEX TOOL GROUP has an extraordinary vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: APEX TOOL GROUP recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by APEX TOOL GROUP, on volunteer work of their choice.
- PARENTAL LEAVE: APEX TOOL GROUP has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | APEX TOOL GROUP | Industry | Maryland |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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