Personal Benefits

Financial Security

Life Insurance
Equity Trust provides their full-time and part-time employees (30 hours plus), who meet the eligibility requirements, with paid Basic Life Insurance.  The plan includes Accidental Death and Dismemberment Insurance equal to the employee’s life benefits.  These benefits are administered through Guardian Life Insurance Company of America.

•  Non-Exempt- $30,000
• Exempt (non-management)- $75,000
• Managers/Executives- $100,000
             

Short/Long Term Disability
Equity Trust provides their full-time employees, who meet the eligibility requirements, with Short and Long Term Disability Insurance.  This insurance benefit is designed to provide income benefits to employees, in the event they become disabled from a non-work related injury or illness.  Guardian Insurance Company administers the company’s Short and Long Term Insurance Plans. 

 

401(k) Plan
Equity Trust’s 401 (k) Plan has been adopted to provide full and part-time (more than 1000 hours annually) employees with the opportunity to save for retirement on a tax-deferred basis.
Equity Administrative Services offers two 401(k) Options:

• Traditional Plan- Contributions are made on a pre-tax basis
• Roth Plan- Contributions are made on a post-tax basis

Equity Trust matches employee contributions 100 percent up to three percent, and 50 percent up to five percent.  This is a Safe Harbor matching plan, which the company match is immediately vested! Additionally, the plan has a discretionary matching contribution provision. A discretionary amount determined by employer, will be made based on company performance. To be eligible for the discretionary match participants must be employed on the last day of the plan year and have worked 1,000 hours or more during the plan year. The discretionary match does go on a six year besting schedule.