Benefits

CollabraSpace is committed to helping its employees achieve a Work-Life Balance. We know that you have a life outside the office, as a CollabraSpace employee you will enjoy a flexible schedule and a competitive benefits package.

CollabraSpace Benefits Summary

**Effective April 1, 2015**

100% Company Paid Benefits:

Health Care: For over 10 years CollabraSpace has paid 100% of the health insurance premiums for team members and eligible family members. We offer a CareFirst High Deductible PPO Health Plan with a Health Savings Account (HSA).

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Dental Care: Employees and all eligible family members are provided with a dental plan through SunLife, which also covers children’s orthodontia up to a lifetime maximum of $2,000. The company pays 100% of the premiums.

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Long Term Disability Insurance:  Employees are provided long term disability insurance providing 60% of salary up to $10,000 per month through SunLife. In the event that you need to use Long Term Disability, benefits are untaxed at the time of use.  The company pays 100% of premiums.

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Short Term Disability Insurance: Employees are provided short term disability insurance providing 60% of salary up to $2,500 per week thorough SunLife. In the event that you need to use Short Term Disability, benefits are untaxed at the time of use.  The company pays 100% of premiums.

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Life Insurance: Employees are provided one times their annual salary (minimum $100,000, to a maximum of $250,000) of life insurance through SunLife. The company pays 100% of the premiums.

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Voluntary Benefits:

 

Voluntary Supplemental Life Insurance: CollabraSpace participates in the Voluntary Supplemental Life and AD&D Insurance plan offered through SunLife.  Once eligible, employees may purchase increments of $10,000 up to 3 times their salary or $300,000 maximum, with a $100,000 minimum guarantee.  Additional voluntary coverage is available for spouse and children as well.

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Voluntary Vision Coverage: Employees and eligible family members may participate in our vision plan through (VSP). The plan includes routine eye exams, eyeglasses, and contact lenses.  Costs are per pay period: Family, $5.50; Husband & Wife, $4.50; Parent & Child, $3.50; and Individual, $2.00.

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Dependent Care Flexible Spending Account (DFSA): We offer employees the opportunity to contribute up to $5,000 in pre-tax funds to an account for qualified child or elder care services.

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401k Plan: Employees are eligible to participate in a 401k retirement savings plan or Roth plan on their first day of employment. Employee 401K contributions are deducted on a pre-tax basis; Roth contributions will be on an after tax basis. CollabraSpace continues to contribute 5% of gross salary (3% Safe Harbor Contribution and 2% Discretionary Contribution).  All company contributions are 100% immediately vested.

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Additional CollabraSpace Benefits:

 

Employee Stock Ownership Plan: Since each employee is responsible for the growth of the company, all employees receive stock options in the company on their date of hire.  Additional options may be granted as part of a bonus plan to reward outstanding performance.

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Annual Bonus Plan: Employees are eligible to participate in the CollabraSpace Bonus Plan. When CollabraSpace meets its fiscal year financial plan, 15% of the company’s profits will be distributed to employees via a cash bonus.

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Employee Referral Program:  We are always looking to grow our team with other talented professionals. CollabraSpace rewards current employees with a $5,000 bonus for every referral that leads to a new hire.

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Employee Assistance Program:  SunLife’s Employee Assistance program helps you and your family cope with life, from the everyday to the unexpected. Counselors available 24/7, 365 days a year through a toll-free number for assessment and consultations and reference to resources and in-person providers as needed.  You can access emotional and work-life counseling, legal and financial information and resources, and free online will preparation are available.

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Travel Assist & Identity Theft Services:  SunLife’s Travel Assist and Identity Theft programs are provided by Assist America.  Travel Assist provides emergency assistance to you, your spouse, and your dependents 24 hours a day, 7 days a week when traveling 100 miles or more from your primary home.  Identity Theft services provide 24 hours a day, 7 days a week access to telephone support and an expert case manager to help you through a case of Identity Theft.

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Tower Federal Credit Union:  Join Tower Federal Credit Union as an employee of CollabraSpace and enjoy free checking, debit card, home and mobile banking, overdraft protection, online eStatements, bill payment (with 3 or more payments each month) and much more.  Tower has several branches convenient to employees including an office just down the street from CollabraSpace corporate offices.

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Educational Reimbursement: CollabraSpace understands the need for keeping skills current. We help employees meet their higher education goals based on individualized need.

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Training: CollabraSpace wants each employee to receive the best training available. We pay for your time (so you don’t use PTO), cost of the course, and certification up front.

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Paid Time Off (PTO):  All employees accrue Paid Time Off (PTO), which may be used for vacation, sick, holidays and or other days not worked for personal or family reasons. Accrual begins with your first day on the job. All full time employees are eligible to accrue up to 240 PTO hours per calendar year.

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Work/Life Balance:  Time away from work is equally important. CollabraSpace encourages and supports community outreach programs and charity events that are important to our employees and our organization.  Make a life at CollabraSpace – not just a living!