84 Lumber benefits include:
- Medical/Hospitalization Insurance
- Prescription Drug Plan
- Telemedicine ($0 Copay) - 24/7 Physician Support
- Flex Spending Accounts
- Dental Insurance
- Vision Plan
- Wellness Awards and Incentives
- $25,000 Company-Paid Life Insurance
- Life Insurance
- Short/Long Term Disability Insurance
- Employee Assistance Program – resources there to help when you need it most
- Paid Vacation, Personal and Sick time
- Paid Holidays
- Training and Development Opportunities
- Exclusive Discount Partners –On cell phone carriers, auto and homeowners insurance etc.
- Recognition and Rewards for a job well done
- Scholarship opportunities for dependents
- 401(k) Savings and Profit Sharing Plans for a secure financial future
401(k) Savings Plan:
- Associates are immediately eligible for participation
- Both Traditional and Roth Options Available
- You can choose how your money is invested
- Build your own portfolio from over 16 investment options
- Use The GoalMaker investment tool
- Use Target Date Funds
- Employee Pre-tax Deferrals or Roth After-tax Contributions: 1%–50% of compensation.
- Employer Match: decided each year based on company profits and/or challenge given with vesting:
- Accepts Rollovers from other plans
- Catch-up Contributions for those 55 and older
- Change Deferral Percentage: Anytime
Please note vesting for both Profit Sharing and 401(K) are based on years of service:
Years of Service 2 3 4 5 6
Vested Percentage 20% 40% 60% 80% 100%
Profit Sharing Plan:
- 100% contributed by 84 Lumber based on profitability
- 6% of eligible wages or 6% of net income for the company whichever is lower
- Fully vested after 6 years’ participation
- Benefit is available to all employees who work at least 1,000 hours per year. Must be employed on the last day of the plan year.
