Benefits at GID
Health Care Plan
Group medical coverage is provided by Blue Benefit Administrators of Massachusetts. Employees have the option to choose between two High Deductible Health Plans (HDHPs): Saver 90 PPO or Saver 100 PPO. For both plans, the company and the employees share in the premium cost. Employee premium contributions are made by payroll deduction on a pre-tax basis.
Vacation Time/Personal Days
Employees accrue vacation time based on length of continuous service. In addition, full-time employees may take two paid personal days each year to meet the need for personal time off, such as to observe a religious or other holiday.
Employees accrue 6 paid sick days per year and may accumulate a maximum of 30 days.
Health Care Saving Account (HSA)
A Health Savings Account (HSA) is a tax-advantaged bank account offered in conjunction with a High
Deductible Health Plan (HDHP). Employees enrolled in a High Deductible Health Plan (HDHP) may contribute to a HSA account. If you enroll in an HDHP, the company will make a contribution to your HSA account.
Savings and Retirement Plan – 401(k)
The 401(k) retirement savings plan gives employees a unique opportunity to save and invest tax-deferred dollars. Employees may contribute pre-tax or post-tax contributions from their eligible earnings up to the maximum amount allowed by law, which is $19,500.00 for 2021. GID will add $.50 for each $1.00 that you contribute, up to a maximum pre-tax contribution of 3% of your eligible earnings. Employees become vested on the company match portion incrementally over 5 years, reaching 100% after 5 years of service. Employees will be auto enrolled in the Plan on the 1st of the month following 30 completed days of service unless they decline participation.