Additional information regarding any of these benefits may be obtained from the HR Department.
Benefits at a Glance
CommIT’s continued success is in our ability to meet our employees' continuously evolving needs. CommIT’s benefit package is designed to offer the best available programs to suit employees’ needs and the needs of their families. CommIT’s benefit package includes:
- Comprehensive Health Benefits (Medical, Dental, and Vision)
- Family-Friendly Programs
- Savings Plan
- Retirement Planning
- Profit-Sharing and Loans
- Group Life Insurance
- Short- and Long-term Disability Insurance
- Flexible Spending Account
- Educational Assistance Program
- Recruitment Bonuses
- Comprehensive Health Benefits
- 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.
- Family-Friendly Programs
- 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 to meet specified personal commitments
- Medical leave
Savings Plan
CommIT’s savings plan includes tax-deferred and after tax qualified plans that include:
- A 401(k) plan allowing staff to shelter up to the maximum IRS defined allowable limit per year via salary deferrals
- “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. These employer contributions are 100% vested when received.
- Roth 401(k) plan that allows staff to contribute after tax contributions to retirement. This combined maximum allowed by the IRS for these qualified plans can not exceed $15,500 during 2007.
- Retirement Planning
- CommIT provides, through our qualified service plan provider, personal investment and retirement planning.
Additional information regarding any of these benefits may be obtained from the HR Department.
Profit Sharing and Loans
CommIT’s profit-sharing is a tax-deferred, defined contribution plan that includes profit sharing in which the firm attempts to make an additional contribution to the 401(k). These employer contributions adhere to a 20% per year vesting schedule. CommIT's 401(k) plan also provides for Hardship Withdrawals to qualified participants.
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.
Short- and Long-term Disability Insurance
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.
Flexible Spending Account
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 $2,000.00.
Educational Benefits
The Company will reimburse eligible employees up to $5,000 per calendar year for corporate 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.
