The following are the key benefits for Ferguson employees. If this doesn’t answer your questions, give us a call.
- Health Insurance
- Dental Insurance
- Life Insurance
- Disability Insurance
- Vision Insurance
- Long-term Care Insurance
- 401(k) Retirement Savings Plan
- Holidays, Vacation, Sick Leave, and Bench Time
- Training Allowance
- Referral Bonus
- Direct Deposit
- Cafeteria Plan
- Missouri MO$T Program
- City Earnings Tax
Ferguson offers health insurance benefits through two options offered by Anthem Blue Cross Blue Shield, specifically the Blue Access Choice (BAC) and Blue Preferred Select (BPS) plans. Benefits are effective on the first day of the first full month after the date of employment. The two options are intended to offer a choice between a richer, higher cost plan and a less expensive plan for those with a higher risk tolerance.
The BAC option includes Anthem’s full network of providers and 100% coverage after deductible. The BPS option’s network excludes most BJC facilities and associated providers, and requires 20% coinsurance after deductible on the part of the participant, resulting in a higher out-of-pocket maximum but lower premium costs.
In both plans, the in-network benefits include fully covered well visits for children and adults including immunizations, mammograms, and routine vision and hearing screenings, a $25 co-payment for primary care office visits, and a $50 co-payment for specialist office visits. Inpatient and outpatient hospital services are covered at 100% after deductible in the BAC option, and at 80% after deductible in the BPS option until the out-of-pocket maximum is reached. Out-of-network benefits are available at reduced benefit levels. Both plans include a three-tier prescription drug benefit. The co-payment is $10 for a generic drug, $35 for a brand name drug, and $60 for a non-formulary drug when obtained at a plan pharmacy. A mail-order benefit is offered, enabling participants to order a 3-month supply of a prescription at a discounted rate for generic and brand-name drugs. Members can check their deductible balance or the status of claims, search for providers, research health topics, and request ID cards online at www.anthem.com.
The employee contribution toward health (BAC/BPS) insurance is $71.00/$48.00 per bi-weekly pay period for salaried employees. Both employee and spouse can be covered for $216.00/$160.00 per pay period. Single employees with dependent children can be covered for $192.00/$142.00 per pay period, and family health coverage is available for $309.00/$233.00 per pay period. Payroll deductions are taken on a pre-tax basis through our Section 125 plan. If you’re interested, please let your recruiter know.Top
Dental insurance is provided at no cost to employees through MetLife. Benefits are effective on the first of the month following the date of employment. The MetLife plan covers 100% of preventive services, 90% of basic restorative services, and 60% of major restorative services if performed by an In-Network provider. Coverage lessens to 80% and 50%, respectively, for basic and major services if performed by an Out-of-Network provider. A $50 deductible applies for basic and major services. The maximum benefit per person per year is $1,500. Orthodontia is covered for dependents at 50% with no deductible, subject to a lifetime maximum of $1,000.Top
Ferguson provides group Term Life and AD&D insurance coverage equal to your annual salary (up to a maximum of $100,000) through Unum. This coverage is guaranteed-issue, which means that no medical questions will be asked. Short- and long-term disability protection is included with this coverage and is discussed below.
In addition, Ferguson provides the first $10,000 of Unum Voluntary Life insurance plus the ability to purchase through payroll deduction additional term life and/or AD&D coverage at group rates.Top
Ferguson provides both Short-Term and Long-Term Disability protection for all employees through the Unum group Term Life and AD&D insurance plan mentioned above. Disability means that, because of injury or illness, an individual can’t perform each of the material and substantial duties of his or her regular occupation.
Short-term disability coverage starts on the 15th day following the last day worked prior to the disability and pays 60% of the employee’s earnings, to a maximum of $1,000 per week for up to six months. Long-term disability insurance begins after six months of disability and pays 60% of the employee’s salary, to a maximum of $10,000 per month. Long-term disability benefits are payable to age 65.Top
Ferguson offers a voluntary Vision Plan to all employees through Advantica. The plan offers low co-pays for annual vision exams and lenses, allowances for elective contact lenses and frames, and significant discounts on other materials and laser correction surgery.Top
Long-term Care Insurance
Ferguson provides insurance for long-term care, either at home or in a facility, that is necessary because of an accident, illness, or advancing age.
Through UNUM’s long-term care insurance plan, Ferguson provides employees with a base level of coverage, which would pay up to $2,000 tax-free per month for up to three years. Employees can purchase additional coverage through payroll deduction. An employee also can enroll a spouse, parents, grandparents, and the spouse’s parents and grandparents and have them billed directly at Ferguson’s low group rates.Top
401(k) Retirement Savings Plan
Ferguson offers a 401(k) retirement savings plan through Securian Retirement Services for all employees. The plan allows employees to invest pre-tax dollars (up to a maximum of $17,500 for 2013) into a variety of investment options. Ferguson will currently match $.60 on each dollar contributed by an employee, up to 6% of his or her salary. Staff members must be employed on December 31 of each plan year to be eligible for the match.
Employees 50 years of age or older can also take advantage of the Catch-Up contribution, which allows an individual to defer additional pre-tax dollars (up to $5,500 for 2013) into his or her 401(k) account. Employer Matching contributions are not made on Catch-Up contributions.
Employees must be at least 21 years of age and must be employed 3 months for entry into the 401(k) plan. An employee is 20% vested in employer matching contributions after two years of service, and then an additional 20% per year until fully vested. A year of service is defined as a calendar year during which an employee works at least 1,000 hours.
Investment advice pertaining to the plan is available at no charge through Renaissance Financial, a local investment advisory firm.Top
Holidays, Vacation, Sick Leave, and Bench Time
Ferguson provides 80 hours of paid holiday time to a salaried employee on staff on January 1 of a given year. In addition to six fixed holidays, one optional holiday is accrued per quarter.
Ferguson provides 80 hours of paid vacation for salaried employees on staff as of January 1 in a given year. Employees with 10 consecutive years of service will receive an additional 40 hours of vacation. Vacation and holiday time are accrued as the year progresses. Solutions Group employees are required to use their vacation and holiday time in the year in which it is earned. Employees working in the Staff Augmentation side of Ferguson can choose reimbursement for unused vacation or carry hours into the following year.
Everyone gets sick, and consultants are no exception. Salaried consultants will always be paid for sick leave. It has been our experience that successful consultants make up sick time whenever possible. Ferguson has experienced very little bench time. However, especially given the challenging economic conditions, we do consider bench pay for salaried employees whose skill sets match core activities in the St. Louis IT market and who have a performance record that includes meeting profitability goals. The duration of any bench time will be determined on a case-by-case basis depending on tenure and past profitability, prospects for particular skill sets, and overall market conditions.Top
All employees are provided with a minimum $2,000 training allowance which is accrued on a monthly basis. This allowance can be utilized for required client training or training arranged through Ferguson. As new technology needs arise at our clients, we incorporate appropriate training into our internal training program and/or facilitate external training as needed. Ferguson will also reimburse for technical books, computer-based training, and certification expenses.
Ferguson’s in-house classes cover a wide range of topics including Project Management, Business Analysis, Mobile Development (including iOS and Android), .NET, Java, advanced Microsoft Office technologies (including Access, Excel and Project), database technologies, etc. We only utilize reputable training providers, including the Center for the Application of Information Technology at Wash U (CAIT), IconATG and Premier Knowledge Solutions. We also provide language training for employees for whom English is their second language. This is taught one-on-one at our office by a graduate-level Language Specialist from UMSL. We encourage all employees to enroll in at least two of Ferguson’s in-house courses per year.
We view continuing education as directly linked to providing quality consulting services and as a necessary long-term investment in our employees. We’re committed to ensuring that all employees take advantage of this program to enhance and expand their current skills and marketability.Top
Ferguson offers an incentive to employees for referring other IT professionals to us. If such a referral is hired and remains billable with us for six months, the employee who made the referral will be awarded a $1,000 bonus. The bonus only applies to first-time hires.Top
Ferguson offers direct deposit to employees. We pay our staff every two weeks on Friday morning, for a total of 26 pay periods per year.Top
A tax-saving benefit offered Ferguson employees is the Section 125 or "cafeteria plan." This plan currently allows pre-tax deductions of an employee’s contribution toward health insurance. With its FSA (Flexible Spending Account) option it also allows pre-tax deferral of wages up to $5,000 per year for Dependent Care and up to $2,400 per year for Unreimbursed Medical and Dental expenses.Top
Missouri MO$T Program
Contributions to the Missouri Saving for Tuition Program can be made through payroll deduction. This program, an IRS Section 529 Plan, provides a tax-advantaged vehicle for saving for higher education expenses. Up to $8,000 per year can be contributed, deductible from Missouri Taxable Income in the year contributed and free from both Federal and Missouri Income Tax when withdrawn.Top
City Earnings Tax
Ferguson covers the 1% St. Louis City earnings tax for employees who live outside the St. Louis City limits but are working on a staff augmentation assignment at a downtown client site.