Compensation & Benefits

E C greatly values the dedicated and talented staff that makes the company successful. One of the ways this is expressed is through our outstanding flexible and comprehensive benefits package which includes several “perks” not available elsewhere. Non-bargaining benefits include the following;

Compensation
Base salaries are extremely competitive and continuously monitored to meet industry standards.

Health Insurance
E C Power Systems provides the majority of the monthly health insurance premium for medical, dental and vision coverage. The employee shares a minimal amount of the premium through payroll deduction. Medical coverage begins after approximately 90 days of service; a waiting period may apply to dental and vision coverage.

Life, Long Term Disability & Personal Accident Insurance (AD&D)
We offer Group Life coverage equivalent to 2 times an employee’s annual salary to a maximum benefit of $500,000. Our Long Term Disability insurance is no cost to employees and provides a monthly benefit of 66 2/3% of monthly earning to a maximum of $10,000. The company provides Personal Accident Insurance (available in most geographic locations) for employees at 4 times their annual salary. Employees may purchase additional coverage for themselves and their family.

Voluntary Life Insurance
Employees may elect to purchase additional life insurance in increments of $10,000 for themselves and/or their spouse or eligible domestic partner and $2,000 for each child at a nominal monthly charge. Premium payments are met through payroll deductions. Coverage is portable.

Flex Plan
To offset medical and dependent care expenses, we offer a flex plan that enables payment for qualified expenses pre-tax. This benefit is approved by the IRS and is often referred to as a ‘Section 125’ plan. Employees are eligible to participate in the dependent care and premium payment portions of the plan after 3 months of employment. Following 12 months employment, employees may also utilize the medical reimbursement portion of the plan.

Retirement
We offer a 401(k) plan with mutual funds through American Funds and the resource of a financial advisor to assist employees. Enrollment is effective the 1st of the month following hire. The company provides a match not only competitive, but one that leads all employers. The 2008 company match is 50%!

Employee Assistance Program
Our Employee Assistance Program (EAP) is designed to provide confidential counseling for employees and their dependents that need assistance with personal concerns. The EAP provides the employee and/or dependents with up to three one-hour counseling sessions per issue with a professional counselor at no cost.

Paid Time Off
We offer paid vacations (based of tenure), holiday pay, personal leave, time loss, bereavement leave and jury duty.

Additional Benefits (based on position) may include:
Company vehicle
Gas Card
Company cell phone