Medical, Prescription, Dental, & Vision
Eligibility - 1st of the month following 60 days of employment.
*Prescription coverage is included with all medical plans. It is not available separately.
Life Insurance & Accidental Death Insurance
On the first of the month following 90 days of employment, the Company offers Life Insurance & Accidental Death Insurance. The amount of the policy is equal to one (1) times the employee's annual salary, rounded up to the nearest thousand. In the event of an accidental death, the amount of the policy is doubled. YTI covers the cost of this insurance.
On a quarterly basis, YTI offers a variety of voluntary life products including spouse and child coverage, accident insurance and whole life products through Unum.
Short Term Disability Insurance
On a quarterly basis, YTI offers Short Term Disability through Unum.
Long Term Disability Insurance
Long-term disability insurance is available to you on the first of the month following your 60 days of employment. It provides you with 60% of your salary in case you are disabled for more than 90 days. Rates for LTD are based on the employee's annual salary in $100 increments. ($ .27 per $100 earned).
Vacation year runs from July 1st through June 30th. After 3 full months of employment, employees will earn 1 vacation day per month up to a total of 10 days. As of the next July 1st employees will receive the following vacation days:
YTI provides 9 paid holidays. The paid holidays are New Year's Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, Day after Thanksgiving, Christmas Eve and Christmas.
Salary Continuance Due to Sickness, Accident or Disability
After 1 full month of employment employees will earn 1 salary continuance day per month up to a total of 10 days. As of the next July 1st employees will be credited with ten (10) days in their account each fiscal year. These days may be used for illness or accident of the employee or a member of the employee's immediate family. Any unused days will be carried over to the next year.
Section 125 Plan
The Section 125 Plan allows you to save money by taking your medical (limited medical if you are enrolled in the HSA program), dental, and vision insurance deductions pre-tax. The Section 125 Plan also offers spending accounts for medical and dependent/elder care. The medical and dependent spending accounts allow you to deduct the amount you pay for these expenses from your paycheck on a pre-tax basis. You then pay your medical and dependent care bills with this pre-tax money. This can reduce your state and federal income tax and gives you more spendable income.
Staff Tuition Waiver
After completing one (1) year of service, employees are eligible to enroll in YTI classes and receive a full tuition waiver.
Staff Family Tuition
After completing one (1) year of service, employees are eligible to enroll members of their immediate family in classes at YTI and receive full tuition waiver. Only tuition is waived. Family members are responsible for all other costs associated with their admission/enrollment including application fee, textbooks, and supplies. Family members must work 10 hours of work-study per week.
Tuition Assistance Subsidy
Employees are eligible to participate in this program after one (1) or more years of continuous employment. Reimbursement of tuition costs for certificate programs, courses and for degree programs is provided so that the employee may gain additional knowledge in his/her field or improve job-related skills. Reimbursement is made on the basis of academic achievement in relation to grades as follows:
Approval of the course must be obtained from Human Resources prior to taking the course.
Employee Assistance Program (EAP)
YTI realizes that a wide range of problems can have an effect on an employee's job performance. Employees, spouses, and employee's dependent children under age 18 are eligible to receive three (3) free counseling sessions per calendar year. EAP counseling services are provided by WellSpan and can be utilized when you or a family member is experiencing personal problems.
Employees are eligible to contribute to the 401(k) after three months of service on the beginning of each quarter (January 1, April 1, July 1, and September 1). YTI's 401(k) offers 12 different investment options through Charles Schwab Institutional; a division of Charles Schwab & Co., Inc. and offers an employer match equal to 50% of your contributions to eligible employees. Your contributions in excess of 4% of your compensation will not be matched. Each Year YTI may also make a profit sharing contribution to eligible employees based on profits and business conditions.