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
**Updated April 2013**
Health Care: For over 10 years CollabraSpace has paid 100% of the health insurance premiums and deductibles for employees and eligible family members. We continue to cover these costs and offer a Cigna PPO and a Health Savings Account (HSA) where we deposit sufficient funds to cover the entire deductible.
______________________________________________________________
Dental Care: Employees and all eligible family members are provided with a dental plan through Guardian, which also covers children’s orthodontia up to a lifetime maximum of $1,200. The company pays 100% of the premiums.
_________________________________________________
Long Term Disability Insurance: Employees are provided long term disability insurance providing 70% of earnings up to $10,000 per month through The Hartford. The company pays 100% of premiums.
_________________________________________________
Short Term Disability Insurance: Employees are provided short term disability insurance providing 70% of earnings up to $2,500 per week thorough The Hartford. The company pays 100% of premiums.
______________________________________________________________
Life Insurance: Employees are provided one times their annual salary (minimum $100,000, to a maximum of $250,000) of life insurance through The Hartford. The company pays 100% of the premiums.
______________________________________________________________
Voluntary Supplemental Life Insurance: CollabraSpace participates in the Voluntary Supplemental Life and AD&D Insurance plan offered through The Hartford. 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.
______________________________________________________________
Voluntary Vision Coverage: Employees and eligible family members may participate in our vision plan (VSP) for a nominal cost. The plan includes routine eye exams, eyeglasses, and contact lenses.
______________________________________________________________
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.
______________________________________________________________
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.
______________________________________________________________
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.
______________________________________________________________
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.
______________________________________________________________
Mobile Phone / Internet Connection: CollabraSpace wants our employees to stay connected. We reimburse employees up to $50 per month for telephone and up to $50 per month to defray the cost of home-based broadband Internet services.
______________________________________________________________
Health Club Membership: In order to encourage a healthy lifestyle, CollabraSpace reimburses employees for a health club membership, up to $50 per month.
______________________________________________________________
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
______________________________________________________________
Educational Reimbursement: CollabraSpace understands the need for keeping skills current. We help employees meet their higher education goals based on individualized need.
_________________________________________________
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.
______________________________________________________________
