Benefits
Summary of Benefits
PANACHE TECHNICAL GROUP LLC is a business with innovative ideas and our benefits package is just one way we demonstrate our commitment to our employees. Below is a snapshot of the current benefits offered:
Health Benefits
PANACHE TECHNICAL GROUP LLC offers a comprehensive health care plan through CareFirst Blue Cross BlueShield, including an optional Health Savings Account (HSA). PANACHE TECHNICAL GROUP LLC subsidizes the premium for eligible employees and contributes quarterly contributions toward the HSA plans. Health benefits are effective the first of the month following the employee’s start date. The employee’s portion of the premium is contributed on a pre-tax basis.
Dental & Vision Benefits
PANACHE TECHNICAL GROUP LLC offers a choice of two dental plans and a vision plan through CareFirst that provides access to a wide network, inside and outside of the Mid-Atlantic region. Dental premiums are company subsidized for eligible employees.
Retirement
PANACHE TECHNICAL GROUP LLC is proud to offer a generous retirement plan whereby eligible employees are immediately vested on the employee’s date of hire. PANACHE TECHNICAL GROUP LLC provides a 401k contribution of 12%, regardless of the employee’s contribution. This consists of a safe harbor contribution and a discretionary contribution.
Paid Time Off
PANACHE TECHNICAL GROUP LLC believes in giving the employee the opportunity to find a work-life balance, therefore offers an incredibly flexible and beneficial Paid Time Off (PTO) benefit. For every hour worked, PANACHE TECHNICAL GROUP LLC contributes approximately 13% of the employee’s hourly rate towards the paid time off plan. This is equivalent to six weeks of PTO for a full-time employee, with the opportunity to accrue more. PTO hours include vacation, holidays, and sick leave. After the hours have been accrued, they can be used at any time and unused hours can be cashed out or carried over into the next year.
Flexible Time
Hourly employees of PANACHE TECHNICAL GROUP LLC are paid at an hourly rate for all hours worked and for hours worked in excess of 40 hours.
Maternity/Paternity/Adoption Leave
PANACHE TECHNICAL GROUP LLC gives parents additional flexibility and time to bond with their new child and adjust to their new family situation. Flexibility and family-friendly policies are essential to cultivating an atmosphere where employees can thrive professionally without sacrificing essential family obligations. An employee can take up to six weeks of company-paid time off for maternity leave and ten days of company-paid time off following the use of all regularly accrued PTO for Paternal / Adoption Leave.
Life, Short-Term, Long-term, and Accidental Death and Dismemberment Coverage
PANACHE TECHNICAL GROUP LLC provides life and disability insurance at no expense to the employee and is effective on the employee’s start
date.
Flexible Spending Accounts
PANACHE TECHNICAL GROUP LLC provides access for employees to contribute to Medical and Dependent Care Flexible Spending Accounts.
Education and Training
PANACHE TECHNICAL GROUP LLC promotes professional development and works with interested employees to outline a professional development plan to help them continue to grow. The sky is the limit when it comes to enhancing one’s professional skills in direct correlation with company goals.
Computer Benefit
PANACHE TECHNICAL GROUP LLC provides $1,200 every four years for the employee computer purchase.
Fitness Benefit
Good health contributes to goal-oriented individuals. PANACHE TECHNICAL GROUP LLC will reimburse up to $360.00 to those employees who participate in this benefit.
Company Logo Apparel
Wear the Peterson name with pride. $150 company-paid and/or employee reimbursement is provided toward the purchase of Peterson apparel.
Referral Profit Sharing Program
Employees who refer Software Engineers to PANACHE TECHNICAL GROUP LLC are subject to $500 (less taxes) per referral, per quarter for the entire time the new hire remains an employee.
Referral Bonus
In addition to the Referral Profit Sharing reward, PANACHE TECHNICAL GROUP LLC will reward the referring employee $5,000 (subject to change) at the new hire’s six-month working anniversary date.
Year-end Bonus
PANACHE TECHNICAL GROUP LLC provides a bonus based on its yearly performance.