Whether you are looking for your first job, or considering a career move, we understand that you will weigh the rewards and benefits a company has to offer.
Althea offers a wide variety of benefits and programs designed to make it easier for you to balance work and everyday life.
Below is a short summary of the benefits we provide our employees:
Employees have the choice of three medical plans, an HMO, PPO or HSA PPO through Aetna.
- HMO - Select a primary care physician who will coordinate all of your medical care. There is no deductible and minimal co-pays.
- PPO - Choose your own doctors for your entire healthcare needs. There is a deductible for individuals and families as well as co-pays.
- HSA PPO- Choose your own doctors for your healthcare needs. Deductibles are higher than the PPO but co-pays are similar. Althea will match contributions to your Health Savings Account (HSA) up to a cap.
Prescription & Vision benefits are included in the plan at no additional cost.
In addition to the vision benefits bundled with our medical plan, Althea offers dedicated vision coverage through VSP. Eye exams, lenses, and frames are covered with minimal cost to the employee.
We have a great dental plan available to our employees through Aetna. Preventative care such as cleaning, x-rays, and diagnostics are covered 100% with no deductible.
Flexible Spending Accounts
For certain health and dependent care expenses not reimbursed by insurance programs, employees may enroll in the Flex Plan, which allows expenses to be paid with pre-tax dollars rather than after-tax dollars.
Participation is optional and employees decide whether or not, and how much, to contribute to their spending account. There are two accounts, one for health care and one for dependent care. Employees set aside money for these accounts through convenient payroll deductions which are made on a pre-tax basis so that employees reduce their taxable income.
The Flex Plan Dependent Care Account may be used to pay for dependent day care expenses incurred by the employee and spouse while working or attending school.
Additionally, Althea offers a transportation account that allows eligible transit expenses related to a commute to be paid for with pre-tax dollars.
Life Insurance Plans
All regular full-time employees of Althea are covered by a company-paid Term Life Insurance plan. The benefit of the plan is equal to one times your annual base salary.
Supplemental Life Insurance
Additional Voluntary Life Insurance is available. Employees can purchase coverage in increments of $10,000 and up, to a maximum of $500,000, or 5 times their annual earnings. Spouse coverage can be purchased up to $150,000 in increments of $5,000 but cannon exceed 50% of the employee’s covered amount. Dependent children coverage is available; coverage is to a maximum of $10,000 for each child.
Short-Term and Long-Term Disability Plans
If a regular full time employee becomes disabled or unable to work, Althea’s Short-Term and Long-Term Disability benefits will help to provide weekly or monthly income. This benefit is paid for by Althea, at no cost to the employee.
Paid Time Off
The company maintains a Paid Time Off (PTO) Benefit, which allows eligible employees to receive their wages while off work for vacation, personal or family business, and personal or dependent illness or emergency. The PTO benefit is designed to allow for the rest and relaxation of regular employees, as well as to minimize the financial hardship that would otherwise confront employees who are required to be absent from work due to the above situations. The purpose of a Paid Time Off program is to recognize the diverse situations in which employees have needs for time off and allows eligible employees to receive their wages while managing their own time off from work.
Full time employees begin accruing fifteen (15) days during their first year of employment. PTO accrual increases by one (1) day each year up to a max of twenty five (25) days.
Althea currently designates eleven (11) holidays as company-paid days, five (5) of those days are during the company wide shut down the week of December 25th.
401k Retirement Plan
Althea has an excellent 401(k) retirement plan. Under the provisions of the plan, employees over 21 years of age are eligible to participate on the first day of the month after their start date.
Contributions from 1% to 99% of an employee's salary are allowed. The Internal Revenue Service sets a maximum contribution level each calendar year. Althea will match 50% of the first 6% deferred every year.
Contributions can be directed into a variety of investment options. Employees are 100% vested (own 100%) of their own contributions immediately. Employees are 33 1/2% vested for company contributions each year after their first year, 100% after three (3) years.
Other programs and services to help employees balance professional and personal life:
- Use of gym facility at General Atomics
- Mothering Room
- Employee Assistance Program
- Charity Connection Event
- Discounts to various places such as: Costco, Sea World, Verizon