Benefits
Hypertherm, Inc. offers a very generous package that includes traditional as well as innovative benefits to all associates. The benefits are structured to care for and improve the overall well-being of all participants.
Health Benefits
Medical Coverage Hypertherm offers a choice of plans that are customized to meet the needs of its Associates including an HMO and PPO plan. Hypertherm offers a three-tier prescription drug plan. Hypertherm’s prescription plan also offers a reduced-cost, mail-order option. Dental Coverage Hypertherm’s partnership with Northeast Delta Dental provides coverage for a broad range of dental services, including orthodontics. Vision Coverage Our vision plan provides eye examinations, conventional corrective lenses, contact lenses and frames through a nationwide network. Health and Dependent Reimbursement Accounts As voluntary Flexible Spending Accounts, these benefits offer the advantage of increasing your take-home pay while also reimbursing you for out-of-pocket health and dependent care expenses.Retirement Benefits
Hypertherm Stock Ownership Plan Associates participate in a company sponsored stock ownership plan after one year of service. Retirement 401K Plan Hypertherm sponsors a 401K retirement plan with a matching contribution for all Associates.Time Off Benefits
Holidays 10 paid holidays per year Earned Time 3 weeks annually up to 5 years 4 weeks annually after 5 years 5 weeks annually after 10 years Community Service Time Hypertherm is committed to making a difference in the community through philanthropic activities. Associates are eligible to use up to 16 paid hours for volunteering after 90 days of service.Life and Disability Benefits
Life Insurance benefit of one times your annual base earnings. Short Term Disability Long Term Disability Long Term Care PlanAdditional Benefits
Adoption Assistance Program Hypertherm provides eligible Associates with adoption benefits—including financial reimbursement, paid time off, adoption leave of absence, and resource and referral services. Paternity 3 days of paid time off Education Associates are eligible for Degree Program assistance (dependent on documented criteria) after one year of employment. Profit Sharing Determined annually based on company’s profitability (Last 5 years average payment = 29% of base pay).- www.hypertherm.com
© 2010 Hypertherm Inc.