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The success of our firm depends on our ability
to meet our employees' evolving needs. Our benefit package is designed to offer
the best available programs to suit our employees’ needs and the needs of their
families.
Our benefit package includes:
Comprehensive Health Benefits (Medical, Dental, and Vision)
Family-Friendly Programs
Profit-Sharing and Savings Plan
Group Life Insurance
Short- and Long-term Disability Insurance
Flexible Spending Account
Educational Assistance Program
CommIT offers CareFirst BlueChoice medical and vision benefit plans and
Guardian dental benefits which provide several healthcare options. Each plan has
a different premium depending on the deductible that employees are required to
pay and other plan design features.
Balancing professional demands and personal commitments is always
challenging. CommIT has family-friendly policies and programs that assist
employees with this challenge. These include:
- Flexible work arrangement policy
Paid personal leave
- Medical leave
- Military leave
- Maternity leave
- Paternity leave
CommIT’s profit-sharing and savings plan is a tax-deferred, defined
contribution plan that has two parts.
A 401(k) plan that allows staff to shelter up to the maximum IRS
defined allowable limit per year via salary deferrals and “Safe Harbor”
Matching Company Contributions where CommIT will match 100% of the first 3%
of salary deferrals, plus 50% of the next 2% of salary deferrals.- Profit
sharing in which the firm can make an annual contribution of up to an
additional 6% of a staff member's eligible compensation.
Additionally, the 401(k) plan permits rollovers from prior employer-sponsored
qualified plans as well as loans and hardship withdrawals from the plan.
The Company provides Group Life and Accidental Death and Dismemberment
Insurance at no cost to the employee. In the event of death or dismemberment,
the benefit paid to the beneficiary(ies) is up to one times the employee’s
annual salary not to exceed $75,000.
The Company provides short and long-term disability insurance at no cost to
the employee. This insurance replaces part of your income if you become disabled
due to sickness or injury.
The Flexible Spending Account is a plan that lets employees deduct dollars
from their paycheck and put them into a special account that is protected from
taxes. The money in an FSA account can be used for eligible health care expenses
incurred by the employee or their dependents. FSA accounts are exempt from
federal taxes, Social Security (FICA) taxes and, in most cases, state income
taxes. Depending on their tax bracket, an employee may save up to 30% or more in
taxes. The maximum amount an employee may contribute annually is $1,200.00.
The Company will reimburse eligible employees up to $5,000 per calendar year
for pre-approved, degree-based, educational programs. In order to be reimbursed
for any course, a minimum grade of “B” must be obtained in all letter-graded
courses and a mark of “Pass” must be obtained in all pass or fail courses.
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