Benefits

Health Plans | Financial Planning | Time Off | Personal Development | Other Benefits

Health Plans

All regular, full-time and part-time employees are eligible for coverage. Pinnacle will pay 100% of the premium cost for full-time employees selecting HMO coverage (where offered) and a major portion of the cost for employees selecting PPO coverage. Employees may add their eligible dependents for an additional minimal cost. Pinnacle will pay 50% of the premium cost for the employee and their eligible dependents for part-time employees.

• Blue Shield PPO

With the Blue Shield PPO plan, employees have the flexibility to go to a variety of physicians, either in-network or out-of-network. Employees will receive better coverage rates if the doctors and facilities within the preferred provider network are used.

• Blue Shield HMO

(Available to employees residing in CA only)
With the HMO coverage, Aetna pays 100% of all claims for visits within the Blue Shield network after co-pay.

• Kaiser HMO

(Available to employees residing in CA only)
Kaiser pays 100% of all claims for visits within the Kaiser network after co-pay.

• Met Life PPO

The plan pays 100% of preventative and diagnostic care, 80% of basic restorative care and 50% of major restorative care.

• Vision Service Plan (VSP)

The Company offers a complete vision plan through VSP. When visiting a doctor within the VSP network, the plan covers examinations once every 12 months, lenses, contacts and frames are covered every 24 months.

Pinnacle provides life and AD&D insurance equal to 1 x base salary up to $300,000 with a minimum of $50,000 of coverage to all employees through Blue Shield and/or UMUM.

Employees may elect up to 5 times their base salary in increments of $10,000 to a maximum of $500,000 of additional life and AD&D insurance coverage. All active employees working at least 20 hours per week and their spouses and children are eligible for coverage under the plan. A guaranteed amount of $140,000 will be offered to all employees during initial enrollment.

All employees working a minimum of 20 hours per week are eligible for short-term disability. After a 7-day waiting period, the insurance is paid out at 55% of the employee’s salary (up to a set weekly maximum amount) for up to 180 days.

Long-term disability coverage begins on the 91st day of continuous disability. The plan replaces 66 2/3% of monthly earnings up to $13,000 per month.

Pinnacle offers a Flexible Spending program through ProBusiness. Through this program, employees are able to contribute pre-tax income toward certain expenses. This reduces the taxable base pay, which increases the take home pay.

• Health Care Spending Account

This offers employees the chance to save tax dollars on all approved out-of-pocket medical, dental, and vision care expenses. Employees can elect to have up to $5,000.00 deducted per calendar year (an IRS maximum).

• Dependent Care Spending Account

This offers employees the chance to save tax dollars on out-of-pocket expenses for childcare or other approved dependent care. Employees can elect to have up to $5,000.00 deducted, per family, per calendar year (an IRS maximum).

• Premium Payment Plan

Employees can pay for their dependent's health premiums with pre-tax dollars.

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Financial Planning

• 401(k) Plan

Employees can elect to defer between 1-15% of their income on a pretax basis up to the IRS maximum contribution limit. Employees are eligible to enroll as of the first day of the month following their hire date. Currently, our plan offers 9 different fund choices, including an S&P Index Fund.

• Credit Union

Pinnacle is a member of the American Electronics Association Credit Union and all employees are immediately eligible to join. They offer a wide array of financial services and are part of a large network of credit unions all over the world.

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Time Off Benefits

• Paid Time Off (PTO)

PTO can be used for vacation time, personal business, illness, or any other approved absence. All regular full-time employees will begin accruing PTO on their date of hire. The PTO accrual rate increases with seniority.

• Paid Holidays

Pinnacle employees receive 10 paid holidays per calendar year.

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Personal Development

• Education Assistance

Pinnacle is committed to the professional growth and development of its employees. All regular full-time employees are eligible to receive reimbursement for tuition, books, and other related fees up to an annual limit.

• Employee Assistance Program

Available to all employees, this program is designed to provide employees and their dependents with professional and confidential assistance to successfully deal with life's challenges. They offer assistance with work-related issues, family problems, alcohol and drug abuse issues, emotional problems and much more.

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Other Benefits

• Employee Referral Bonus Program
• Employee Product Purchase Program

Important Note: This summary is a brief description of the benefits available to employees and their dependents. It has been written to describe the benefits as simply as possible. Only the legal Plan Documents and Company Policy, rather than this summary govern the rights and provisions of each plan. Questions should be directed to Human Resources.

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