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Benefit Plan
 

Aldea offers a well-rounded, competitive benefits program for employees regularly scheduled to work at least 30 hours per week. 

 Eligibility for most benefits begins on the first of the month following the month in which the employee completes 3 months of full time (40 hours per week) employment or regularly scheduled part time employment (at least 30 hours per week).  Eligibility for the Pension Plan is age 21 and one year of employment in which the employee worked at least 1000 hours.

 Note:  Aldea, at its sole discretion, reserves the right to change these benefits at any time, with reasonable advance notice to its employees consistent with the terms of relevant governing plan documents.  The descriptions below are meant to be informative and accurate but are not detailed.  In all cases, the official plan  documents will be the determining factor for interpreting  plan benefits. 

 Medical Plans

Employees may select Kaiser HMO or HealthNet, either an HMO or PPO plan.  Aldea pays approximately 80% of the cost of coverage for the employee.  Employees may enroll eligible dependents in the group plan at their own expense.  Vision and chiropractic services are part of these plan benefits.  Eligible dependents include domestic partners. 

 Dental Plan

Aldea offers a dental plan for employees and their eligible dependents (including domestic partners), administered by Direct Dental.  Aldea pays the full cost of the plan.

 Paid Time Off

Aldea provides eligible employees sick time which they accrue and may use each year. 

 Vacation time also accrues, based on length of service.  Employees accrue at the rate of 2 weeks vacation for their first year and, according to a schedule, up to an accrual rate of 6 weeks per year when they reach 15 years of service.  There are maximum limits to vacation accrual. 

 Employees who work in school-based programs have different vacation entitlements, based on the school calendar.

 Holiday schedules and holiday pay policies vary among our programs. 

 Retirement Plan

Through Mutual of America, Aldea contributes to a defined contribution pension for eligible employees.  We contribute 2.5% of your monthly Aldea wages once you become eligible.  After 5 years of service, the contribution increases to 5%.  Benefits are fully vested at completion of 4 years of service.  In other words, only when you are fully vested are you entitled to the full balance of your account if you terminate employment with Aldea.  Employees direct the investment of contributions to their account, choosing among alternatives offered by Mutual of America.

 Tax Deferred Annuity

Also through Mutual of America, Aldea offers employees to opportunity to contribute to a 403(b) plan on a pre-tax basis via payroll deduction.  A range of investment options is available to employees and the account is fully vested at all times.  Fully vested means if you terminate employment with Aldea, you are entitled to your account balance.

 Life Insurance and Accidental Death & Dismemberment

Aldea provides eligible employees with a life insurance benefit of $10,000 (less for employees 65 and older) through Jefferson Pilot Life.  Accidental death or dismemberment benefits are determined by Jefferson Pilot according to a table of losses.  Aldea pays the full cost of this coverage.

 Long Term Disability

Long term disability benefits are made available through Jefferson Pilot Life Insurance and the plan is fully paid for by Aldea.  Any benefits under this plan to eligible employees begin after a 180 day exclusion period and are based on 60% of monthly earnings at the time of disability to a maximum of $6,000 per month.

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