Benefits at a Glance
Spinvi has a strategic relationship with Insperity to provide
employees with a wide array of benefits and human
resource services designed to complement our work
environment and culture. Your benefits are designed to
enhance your job performance and to help you succeed.
Specific conditions associated with benefits are often very
complex, and the following is only intended to provide a
summary of such benefits. Details and specifics may be
found in plan documents that are posted on the Insperity
Employee Service Center website, or will be provided
by management upon request. Nothing in this summary
shall be interpreted to modify or change such detailed
plan documents. Questions about specific benefits should
be addressed to management.
MEDICAL, DENTAL AND VISION INSURANCE
Spinvi provides medical, Rx, dental and vision insurance
coverage with UnitedHealthcare and VSP to support
employees and their families in accord with the specific
terms of such policies and the financial contributions
required thereby. All full time employees who are regularly
scheduled to work 30 hours per week or more are eligible
for participation beginning on the date of hire.
BASIC LIFE AND BASIC PERSONAL ACCIDENT
INSURANCE
Spinvi provides, at its expense, life insurance coverage
equal to one times an employee’s base annual salary up
to a maximum of $50K for all full time employees.
Also, employees have the option of electing optional
group life insurance and personal accident insurance.
This optional coverage is available to the employee and
their families and premiums are paid for by the employee.
VOLUNTARY SHORT AND LONG-TERM
DISABILITY
Full time employees have the option of electing optional
short and long-term disability insurance. This optional
coverage is available to the employee and their families
and the premiums are paid for by the employee. Full details
Spinvi Human Resources • Rose Camara | Human Resources Manager • 571.289.0548 | rose.camara@spinvi.com
of this voluntary benefit are available in the enrollment
booklet provided to all new employees at thetime of hire.
Short-term disability coverage provides disability
payments for approved claims, beginning with the
fifteenth day of absence for injury or illness. Disability
payments are made at the rate of up to 60% of the basic
weekly earnings up to $2,308 per week. The maximum
benefits coverage is six continuous months or end of
disability, whichever comes first. If the disability continues
beyond six continuous months, the claim would be turned
over to long-term disability for evaluation and potential
continuation of payments.
AFLAC
You may purchase additional voluntary benefits through
AFLAC. These benefits are payroll deducted on a pre-
tax basis (with the exception of Life Insurance). The
supplementary benefits offered are:
• Accident Protection*
• Cancer/Specified Disease*
• Hospital Confinement Indemnity
HEALTHCARE FLEXIBLE SPENDING ACCOUNT
Full time employees who are regularly scheduled to work
more than 30 hours per week are eligible to participate
in a healthcare flexible spending account. Under this
plan, an employee can set aside a portion of their
current earnings on a pre-tax basis in a type of savings
account for later reimbursement of qualifying expenses.
For more information including a guideline of eligible
reimbursement expenses, please refer to the Insperity
Employee Service Center or ask your manager for a copy
of the Plan document.
TRAINING AND DEVELOPMENT
Through the Insperity Employee Service Center, an
employee can take competency-based training courses.
There are over 3,000 on-line courses to choose from,
including business skills, safety training, computer
classes, sales training and more. Employees can access
courses from any computer with an Internet connection 24
hours a day through the Training toolbox on the Insperity
Employee Service Center. These courses are available at
no charge and do not require a supervisor’s permission to
access the courses.
Spinvi also provides financial support to employees who
participate in externally sponsored educational courses
which meet the criteria. Such support is intended to
enhance employees’ professional development and their
skills and knowledge related to our business. This Tuition
Assistance Policy is a program for eligible employees
classified as “full-time,” reimbursement for eligible
expenses is limited to 100% of tuition expenses up to the
amounts of $1,500 per year for eligible courses applied to
a graduate degree program, during January 1 - December
31 of the current year.
EMPLOYEE ASSISTANCE PROGRAM (EAP)
The Employee Assistance Program is provided to all
employees of the Company through Optum 24. The EAP
provides confidential counseling and support programs
to employees and their families and most services are
available at no cost. For additional information please
refer to the Insperity Employee Service Center.
ADOPTION ASSISTANCE
Adoption assistance is provided to full-time employees
with at least 6 months of service. Eligible employees may
be reimbursed up to a maximum of $1,000 per calendar
year for qualifying expenses incurred through the private
adoption or licensed adoption agencies. Please refer to the
Insperity Employee Service Center for more information.
CREDIT UNION
Credit Union services are available for all employees. For
more information please refer to the Insperity Employee
Service Center.
COMMUTER BENEFITS PROGRAM
Credit Union services are available for all employees. For
more information please refer to the Insperity Employee
Service Center.
Spinvi Human Resources • Rose Camara | Human Resources Manager • 571.289.0548 | rose.camara@spinvi.com
529 COLLEGE SAVINGS PLANS
529 College Savings Plans are tax-advantaged college
investment programs sponsored by most states and
available to any U.S. resident, regardless of state
residency. Plan participants make post-tax contributions
into an account on the behalf of a beneficiary.
Your investment grows tax-free as long as your money
stays in the plan, and withdrawals to pay for qualified
higher education expenses are exempted from federal
income tax. Higher education expenses include tuition,
room and board, books and fees, and any other expenses
students are required to pay to attend any accredited
college or university.
If you choose a 529 plan sponsored by the state in which
you live, program advantages could also include a state
income tax deduction for contributions and state income
tax exemptions for qualified withdrawals, in addition to
the federal tax-freesavings.
You can generally invest either a lump sum or make
periodic contributions to a 529 account. Contribution
limits range from $120,000 to $235,000 per beneficiary,
considerably higher than the limits for other types of
investments typically associated with funding higher
education.
EMPLOYEE SERVICE CENTER/MARKETPLACE
Get connected with online services and information,
streamlined transactional capabilities, smart work tools
and purchasing advantages for work and home from
Insperity! Log on today and discover the possibilities
within your state-of-the-art, customizable Employee
Service Center and MarketPlace at esc.insperity.com
401(k) PLAN
Generally, all full time employees over the age of 21 and
who have worked at leas 1,000 hours are eligible to enroll
in the 401(k) plan after their 6thmonth anniversary with
Spinvi.
Employer matching contributions are made on a per pay
period basis based on the amount of the employee’s
pre- tax and/or after-tax Roth contributions. Spinvi
matches 25% of employee deferral, up to the first 6% of
compensation for the period, and is immediately vested.
To maximize the amount of match received annually, you
must contribute continuously throughout the year.